NCUA issues Prohibition Orders
ALEXANDRIA, VA (April 30, 2015) – The National Credit Union Administration has issued two orders in April prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Tracy Kemper, a former employee of Clara Barton Federal Credit Union in Washington, D.C., pleaded guilty to the charge of conspiracy to commit bank fraud. Kemper was sentenced to 18 months in prison, five years supervised release and ordered to pay restitution in the amount of $497,150.
- Karolyn Stattelman, a former employee of Jayhawk Federal Credit Union in Lawrence, Kansas, pleaded guilty to the charge of embezzlement. Stattelman was sentenced to time served, received three years of probation and was ordered to pay restitution in the amount of $173,682.
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 United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 99 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.