Newsroom
NCUA bans 7 from future work in FIs
The NCUA in September issued five prohibition notices and two prohibition orders, which prohibit 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 names and details from last month's prohibitions include the following:
- Richard Fortney, a former institution-affiliated party of Mid East Tennessee Community Credit Union in Decatur, Tenn., agreed and consented to the issuance of prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against him.
- Connie Marie Kent, a former employee of Topeka Post Office Credit Union (now 1st Kansas Credit Union) in Topeka, Kan., pleaded guilty to the charge of embezzlement.
- Jamelah Y. Martinez, a former employee of Suncoast Credit Union in Tampa, Fla., pleaded guilty to the charge of conspiracy to commit bank fraud.
- Jenifer M. Nelson, a former employee of Baker’s Federal Credit Union in Omaha, Neb., pleaded guilty to the charge of attempted theft.
- Teresa Ann Perkins, a former employee of Community United Federal Credit Union in Waycross, Ga., pleaded guilty to the charge of theft, embezzlement or misapplication of funds.
- Jasmine Marie Santos, a former institution-affiliated party of People’s Alliance Federal Credit Union in Hauppauge, N.Y., 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 her.
- Devin S. Williams, a former employee of Suncoast Credit Union in Tampa, Fla., pleaded guilty to the charge of conspiracy to commit bank fraud.
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.
Share This
Related Resources
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Regulation E: Impacts Across Your Institution
Credits: NCCO, NCRM
Webinar
Get daily updates.
Subscribe to NAFCU today.