June 02, 2020

NCUA bans 3 from future work in FIs

ncuaThe NCUA in May issued two prohibition notices and one prohibition order, prohibiting an individual 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 names and details from last month's prohibition notices and order follow:

  • Ryan L. Baum, a former employee of Northeastern Operating Engineers Federal Credit Union in Whitestone, N.Y., was sentenced on the charge of petit larceny;
  • Frances McComas, a former employee of West Virginia Federal Credit Union in South Charleston, W.Va., was sentenced on the charge of embezzlement; and
  • Nefretiri Novell Mayfield, a former employee of Founders Federal Credit Union in Lancaster, S.C., agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against her.

NCUA enforcement orders are available via a searchable database online. Enforcement actions of federal banking agencies against other institutions or their affiliated parties may also be viewed via the administrative orders webpage.