Newsroom
December 03, 2019
NCUA bans 6 from future work in FIs
The NCUA in November issued three prohibition orders and three 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. The names and details from last month's prohibition notices follow:
- Kolade Awoyade, a former employee of Greater Abyssinia Federal Credit Union in Cleveland, Ohio, was sentenced on charges of embezzlement, bank fraud, and aggravated identity theft.
- Kelly Jo Hill, a former institution-related party of WV National Guard Federal Credit Union in Charleston, W. Va., 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.
- Tammy Margucci, a former employee of Lanco Federal Credit Union in Lancaster, Pa., was sentenced on the charge of theft by unlawful taking—movable property.
- Brandon Corey Suarez, a former employee of Space Coast Credit Union in Melbourne, Fla., was sentenced on charges of criminal use of personal identification, organized fraud to obtain property, grand theft, and making false entries into the books of a corporation.
- Grover Thurman, a former employee of Mid East Tennessee Community Credit Union in Decatur, Tenn., 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 claims against him.
- Joshua Thurman, a former employee of Mid East Tennessee Community Credit Union in Decatur, Tenn., 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 claims 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.