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News Now

Washington
Three banned from future CU work
ALEXANDRIA, Va. (5/10/10)—Three former credit union employees have been banned from future work at any federally insured financial institution under prohibition orders issued by the National Credit Union Administration (NCUA). In its announcement Friday, the NCUA noted the following details of the enforcement orders:
* Mia Frances Chaney, a former employee of Magnolia FCU, Jackson, Miss., was convicted of bank fraud and sentenced to 12 months and a day imprisonment, three years supervised release, and she also was ordered to pay $46,063 in restitution; * Jolene Constantine, a former employee of Peoples 1st Choice FCU, Glen Rock, N.J., did not admit or deny fault, but signed an order of prohibition to avoid the time and cost of administrative litigation; and * Tammy Law, a former employee of Pioneer CU, Mountain Home, Idaho, was convicted of embezzlement and sentenced to 46 months imprisonment, 3 years supervised release and ordered to pay $564,215 in restitution.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.


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