ALEXANDRIA, Va. (9/22/11)--The National Credit Union Administration (NCUA) on Wednesday prohibited former Orange County Employees FCU, Orange, Texas, President and Treasurer Sandra Cooper from future work at any federally insured financial institution following her recent conviction on money laundering charges. Cooper is set to serve 63 months in prison and three years of supervised probation, and will pay around $1.18 million in restitution following her conviction. Cooper, who was one of two employees of the credit union, embezzled around $1.16 million in funds from the credit union over a four and half year period, according to the U.S. Department of Justice. She was indicted by a federal grand jury in December of 2010, and plead guilty in late February 2011. The credit union, which held $1.7 million in assets and served 1,000 members, was liquidated by the NCUA last year. The credit union was shuttered by the Texas Credit Union Department due to its deteriorating financial condition, and its assets and members were taken on by Orange, Texas' Sabine FCU. The agency noted that violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.