NCUA bans 1 from future work in FIs

November 02, 2020

NCUA bans 1 from future work in FIs

ncua The NCUA in October issued one prohibition notice, prohibiting an individual 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 order follow:

Schantol Collins, a former employee of Members Exchange Credit Union in Ridgeland, Miss., was sentenced on a charge of embezzlement.

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.

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