Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
NCUA bans four from future CU work
ALEXANDRIA, Va. (3/3/14)--The National Credit Union Administration has banned four former credit union employees from participating in the affairs of any federally insured financial institution.

The NCUA said the orders involve the following individuals:
  • Jeannette Abbott, a former Malheur FCU, Ontario, Ore., employee who pleaded guilty to the charge of theft, embezzlement or misapplication by a credit union officer. Abbott was sentenced to four months in prison, three years of supervised release and ordered to pay restitution in the amount of $93,749.40;
  • Carol Ann Ferraro, a former Chaffey FCU, Upland, Calif., employee who pleaded guilty to embezzlement by a credit union employee. Ferraro was sentenced to 30 months in prison, five years of supervised release and ordered to pay restitution in the amount of $1,052,790.56;
  • Justine Martin, a former Leominster CU, Leominster, Mass., employee who admitted to facts sufficient for a finding of guilt to the charge of larceny over $250. Martin was sentenced to five years of supervised probation and ordered to pay restitution in the amount of $17,990; and
  • Nancy Ann Secoda, a former Vons Employees FCU, El Monte, Calif., employee who pleaded no contest to charges of grand theft and willfully obtaining personal information. Secoda was sentenced to five years in prison and ordered to pay restitution in the amount of $712,253.58.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

NCUA website users can now access a new tool for searching agency administrative actions. Through the new tool, they can search prohibition and administrative orders by name, institution, city, state and year, the agency said.

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

NCUA Release
RSS





print
News Now LiveWire
#NewsNow Washington DFI adds 'S' to CAMEL rating http://t.co/8OFaN21Vkz
28 minutes ago
How the '78 #blizzard in NY pushed the popularity of #ATMs http://t.co/Y7Own4ekzY #WinterStormJuno
1 hour ago
#NewsNow Chicago Tribune column: CU membership worth the switch http://t.co/OtGQeS0IpM
2 hours ago
As expected, @TheNCUA #RBC2 plan is in today's Federal Register. Comment deadline is April 27. Proposal here: http://t.co/d80aXrRi9e
3 hours ago
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
18 hours ago