Newsroom
September 01, 2023
NCUA issues 3 prohibition notices in August
The NCUA issued three prohibition notices in August, prohibiting the individuals previously associated with credit unions from any future participation in the affairs of a federally-insured depository 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:
- Amy Bradley, a former employee of Citizens Credit Union and First Community Credit Union (Jamestown, N.D.);
- Whitney Phillips, a former employee of Mississippi Central Federal Credit Union (Morton, Miss.); and
- Melissa Velazquez, a former employee of Financial Resources Federal Credit Union (Bridgewater, N.J.).
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.