Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA bans five from future CU work
ALEXANDRIA, Va. (2/3/14)--Guilty pleas to larceny and fraud are just two of the reasons that the National Credit Union Administration issued prohibition orders against five former credit union employees.

The NCUA orders involve the following individuals:
  • Jade Carnahan, a former Rivergate FCU, Portland, Ore., employee who pleaded guilty to bank larceny charges. Carnahan was sentenced to 18 months in prison, three years of supervised release and ordered to pay restitution in the amount of $408,062.38;
  • Michael Ross Franco, a former My Community FCU, Midland, Texas, employee who pleaded guilty to conspiracy to commit bank fraud. Franco was sentenced to 18 months in prison, five years of supervised release and ordered to pay more than $4.1 million in restitution;
  • Yolanda Marie Gonzales, a former Westerra CU, Denver, Colo., employee who pleaded guilty to theft charges. Gonzales was sentenced to seven years in an intensive supervision program, two years of work release and ordered to pay restitution in the amount of $79,198;
  • Nichole Moore, a former North Memorial FCU, Robbinsdale, Minn., employee who pleaded guilty to theft charges. Moore was sentenced to 120 days in prison, seven years of supervised probation and ordered to pay $141,635.69; and
  • Janine Shepard, a former Greylock FCU, Pittsfield, Mass., employee who pleaded guilty to larceny charges and making false entries into corporate books. Shepard was sentenced to three years in prison.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

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

NCUA Prohibition Orders
RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
15 seconds ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
2 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
3 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
3 hours ago