Newsroom
December 01, 2021
NCUA issues 2 prohibition orders in November
The NCUA in November issued two prohibition orders 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 orders follow:
- Hector Andres Aleman, a former employee of Pima Federal Credit Union in Tucson, Ariz., 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.
- Elizabeth Ann Oliver, a former employee of Lancaster Red Rose Credit Union in Leola, Pa., 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.