Newsroom
February 01, 2021
NCUA issues 2 prohibition notices in January
The NCUA in January issued two prohibition notices, prohibiting 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. Details from last month's prohibition notices follow:
- Kyle Erisman, a former employee of True North Federal Credit Union in Juneau, Alaska, was sentenced on a charge of embezzlement in connection with his employment; and
- Patricia Martin, a former employee of McCoy Federal Credit Union in Orlando, Fla., was sentenced on a charge of theft in connection with her employment.
NCUA enforcement orders are available via a searchable database online. Enforcement actions of federal banking agencies against other institutions or their affiliated parties may also be viewed via the administrative orders webpage.