Press

NCUA issues prohibition order

ALEXANDRIA, VA (March 31, 2014) – The National Credit Union Administration has issued one order in March prohibiting the following individual from participating in the affairs of any federally insured financial institution:

Rhandy Tabar, a former employee of Uncle Credit Union in Livermore, Calif., pleaded no contest to the charges of grand theft and embezzlement. Tabar was sentenced to five years of probation, with the first year served in county jail. In addition, Tabar was ordered to stay away from the credit union, enter into a gambling addiction treatment program and pay restitution in the amount of $606,541.33.

NCUA enforcement orders are available online at http://go.usa.gov/BTJV 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 96 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..