NCUA Issues 3 Prohibition Orders
ALEXANDRIA, VA (August 29, 2014) — The National Credit Union Administration has issued three orders in August prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Donna Harabin, the former president and manager of Telco Federal Credit Union in Elmira, New York, pleaded guilty to the charge of making false entries. Harabin was sentenced to time served and ordered to pay a fine of $500.
- Cindy Moser, a former employee of Logan Medical Federal Credit Union in Logan, Utah, pleaded guilty to the charges of theft and forgery. Moser was sentenced to 90 days in prison, three years of probation and ordered to pay a fine of $583.
- Marnett Pich, formerly known as Marnett Parket, a former employee of St. Jean’s Credit Union in Lynn, Massachusetts, pleaded guilty to the charge of embezzlement. Pich received six years of probation and was ordered to pay restitution in the amount of $31,019.96.
NCUA enforcement orders are available online and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You also may order copies by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.
Credit unions may search prohibition and administrative orders by name, institution, city, state and year at http://go.usa.gov/gFP5. The webpage also provides links to the enforcement actions of other federal banking regulators against other institutions or their affiliated parties.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 97 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.govand Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..