NCUA issues prohibition order
ALEXANDRIA, VA (January 2, 2014) — The National Credit Union Administration has issued one order in December prohibiting the following individual from participating in the affairs of any federally insured financial institution:
- Lori Bush, a former employee of District 62 Highway Federal Credit Union in Hammond, La., entered into a pretrial intervention program for the charge of theft. Bush is required to remain in the program until its completion at the end of 2014, at which time the charges will be dismissed.
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 95 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.