Newsroom
May 01, 2019
NCUA bans 3 from future work in FIs
The NCUA in April issued three prohibition notices, which bar individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. The name and details from last month's prohibition order follow:
- Phillip H. Darley, II, a former board member of the Panhandle Cooperative Federal Credit Union in Scottsbluff, Neb., agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board's claims against him.
- Suzanne Joy Renfroe, a former employee of Powerco Federal Credit Union in Atlanta, Ga., pleaded guilty to a charge of embezzlement. Renfroe was sentenced to 24 months in prison, two years' supervised release, and was ordered to pay a $100 fine and $279,403.21 in restitution.
- Julie Ann Turk, a former employee of Allentown Federal Credit Union in Allentown, Pa., pleaded guilty to charges of bank fraud, embezzlement and money laundering. Turk was sentenced to 30 months in prison, five years' supervised release, and was ordered to pay a $500 fine and $641,637 in restitution.
NCUA enforcement orders are available via a searchable database online.