Newsroom
June 03, 2019
NCUA bans 2 from future work in FIs
The NCUA in May issued one prohibition notice and one prohibition order, which bar individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. The names and details from last month's prohibition orders follow:
- Sherry Ann Allen, a former employee of Greater Eastern Federal Credit Union in Johnson City, Tenn., pleaded guilty to the charges of theft and tax evasion. She was sentenced to 51 months in prison, three years' supervised release, and was ordered to pay more than $1.2 million in restitution.
- Jihan Michelle Davis, a former branch manager of Lexington Avenue Federal Credit Union in Rochester, N.Y., agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board's claims against her.
NCUA enforcement orders are available via a searchable database online.