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January 02, 2018
NCUA bans 3 from future work in FIs
The NCUA in December issued one prohibition order and two notices of prohibition, which bar 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. Names and details from last month's prohibition orders follow:
- James Farrell, a former employee or institution-affiliated party of New Haven County Credit Union in North Haven, Conn., 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 him.
- Rhoda K. Pohina, also known as Rhodakwon Kuuleialihii Pohina, a former employee of Harrison District No. 2 Federal Credit Union in Colorado Springs, Colo., pleaded guilty to the charge of theft. Pohina was sentenced to four years in prison and three years' probation.
- Alexander B. Yarnall, a former employee of IBM Southeast Employees Credit Union in Delray Beach, Fla., pleaded guilty to the charge of theft, embezzlement or misapplication by a credit union employee. Yarnall was sentenced to 63 months in prison, three years' supervised release, and was ordered to pay more than $1.7 million in restitution.
NCUA enforcement orders are available via a searchable databaseonline.
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