Newsroom
August 02, 2021
NCUA issues 2 prohibition notices in July
The NCUA in July issued two prohibition notices, prohibiting 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. Details from last month's prohibition notices follow:
- Audrey Elkins, a former employee of William Newton Memorial Hospital Credit Union, Winfield, Kan., 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.
- Richard Franco Arceo, a former employee of White Sands Federal Credit Union, Las Cruces, New Mexico, 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 him.
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.