Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Alabama Central CU employee prohibited by NCUA
ALEXANDRIA, Va. (4/23/12)—Michael John Young, a former employee of Alabama Central CU, Birmingham, Ala., has been prohibited from future work at any federally insured financial institution by the National Credit Union Administration (NCUA) following his conviction on one count of bank fraud.

Young was sentenced to 17 months in prison, five years of supervised probation, and ordered to pay$140,000 in restitution, according to an NCUA prohibition order released Friday.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

Use the resource link below to access NCUA enforcement orders online.
Other Resources

RSS print
News Now LiveWire
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
2 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
3 hours ago
Data breach at Home Depot in Sept. cost CUs nearly $60M 2 reissue cards, deal w/fraud & other costs: new @CUNA survey http://t.co/kzHSX3rAzA
3 hours ago
.@COFCU's #CommunityChallenge saves members $700K in interest, gives back to local charities See #NewsNow http://t.co/67o0rOp3Ml
4 hours ago
Post #QE, @federalreserve concerns still linger, says @CUNA's Schenk http://t.co/0GSrpUYpyG
4 hours ago