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NCUA issues prohibition order
ALEXANDRIA, Va. (5/9/11)—The National Credit Union Administration (NCUA) last week prohibited Rhett Rowe, a former employee of Boulder, Colo.-based Premier Members FCU, from future work at any federally insured financial institution. Rowe agreed to the NCUA’s cease and desist order and will pay $9,306 in restitution to the credit union. Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. For the full release, use the resource link.
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