Ncua prohibits two individuals from participating in the affairs of any federally insured depository institution
ALEXANDRIA, VA (January 31, 2023) — The National Credit Union Administration issued two prohibition notices in January 2023. The individuals named below are permanently prohibited from participating in the affairs of any federally insured depository institution.
- Jorge Navarro, institution-affiliated party of URW Community Federal Credit Union, Danville, Virginia, was sentenced in U.S. District Court, Middle District of North Carolina, on one count of misapplication and embezzlement from a credit union, and one count of uttering counterfeit United State currency in connection with his employment at the credit union.
- Robert P. Shorkey, a former institution-affiliated party of DFCU Financial, Dearborn, Michigan, was sentenced in U.S. District Court, Eastern District of Michigan, on one count of financial institution fraud in connection with his employment at the credit union.
Notices of Prohibition are public notifications that a named person who has been convicted of a criminal offense involving dishonesty or breach of trust is permanently barred from working for a federally insured depository institution by operation of law.
About National Credit Union Administration (NCUA)
The 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, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
