ALEXANDRIA, Va. (Feb. 28, 2013) – The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
Cindy Dechant, a former employee of Associated Blind of Oklahoma/Texas Federal Credit Union in Oklahoma City, Okla., pleaded guilty to the charge of bank fraud. Dechant was sentenced to 42 months in prison, three years of supervised release, and ordered to pay restitution in the amount of $194,297.94.
Theresa Portillo, a former employee of Women’s Southwest Federal Credit Union in Dallas, Texas, consented to the issuance of a prohibition order to avoid the time, cost and expense of administrative litigation.
NCUA enforcement orders are available online at http://go.usa.gov/4ReQ and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You may order copies may by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.
NCUA also makes available links to the enforcement actions of other federal regulators against other institutions or their affiliated parties at http://go.usa.gov/gFP5.
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 nearly 94 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
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