September 01, 2023

NCUA issues 3 prohibition notices in August

NCUA logoThe NCUA issued three prohibition notices in August, prohibiting the individuals previously associated with credit unions from any future participation in the affairs of a federally-insured depository 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:

  • Amy Bradley, a former employee of Citizens Credit Union and First Community Credit Union (Jamestown, N.D.);
  • Whitney Phillips, a former employee of Mississippi Central Federal Credit Union (Morton, Miss.); and
  • Melissa Velazquez, a former employee of Financial Resources Federal Credit Union (Bridgewater, N.J.).

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.