ALEXANDRIA, Va. (1/5/15)--Six individuals have been barred from participating in the affairs of federally insured depository institutions, the National Credit Union Administration announced Wednesday. The bans were sparked by charges ranging from embezzlement to larceny and forged records, and more.
NCUA enforcement orders are available online and for inspection at NCUA's Office of General Counsel. Credit unions may search prohibition and administrative orders by name, institution, city, state and year.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
(Editor's note: This article first appeared in the Jan. 2 issue of News Now.)