Press
NCUA issues four prohibition orders
ALEXANDRIA, VA (June 30, 2015) – The National Credit Union Administration has issued four orders in June prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
Jane Dearth, a former employee of Riverview Credit Union in Belpre, Ohio, pleaded guilty to the charge of theft. Dearth was sentenced to 90 days in prison and three years of supervised release. She also was ordered to pay court costs and restitution in the amount of $37,000.
Teresa Humphries, a former employee of Lynrocten Federal Credit Union in Lynchburg, Virginia, pleaded guilty to the charges of theft and embezzlement. Humphries was sentenced to 40 months in prison and five years of supervised release. She also was ordered to pay restitution in the amount of $11,733,683.30.
Debra M. Walker, an institution-affiliated party of Petrowax Federal Credit Union in Smethport, Pennsylvania, consented to the issuance of an order of prohibition to avoid the time and expense of administrative litigation.
Jessica M. Yeaw, a former employee of Horizons Federal Credit Union in Binghamton, New York, was convicted of petty theft. Yeaw received probation and was ordered to pay restitution.
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 nearly 100 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.