Newsroom
May 02, 2022
NCUA issues two prohibition orders, one notice in April
The NCUA in April issued two orders and one notice of prohibition, forbidding 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 and notice follow:
- Mark Colley, a former employee of First Oklahoma Federal Credit Union, Tulsa, Okla., 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;
- Barbara Diane Nelson, a former employee of Gerber Federal Credit Union, Fremont, Mich., 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; and
- Indira Mohabir, a former employee of Western Federal Credit Union, Torrance, Calif., was sentenced in U.S. District Court, Central District of California, on several charges of financial institution fraud in connection with her employment at the credit union.
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.