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Policy & Issues
Two banned from FI work in NCUA prohibition orders
ALEXANDRIA, Va. (5/1/15)--For alleged bank fraud and embezzlement, two individuals were banned by the National Credit Union Administration from participating in the affairs of federally insured financial institutions.
Tracy Kemper, a former employee of Clara Barton FCU, Washington, D.C., received the prohibition order for allegedly committing bank fraud. Kemper pleaded guilty to the charge and was sentenced to 18 months in prison and five years of supervised release.
Kemper was also ordered to pay restitution in the amount of $497,150.
Karolyn Stattelman, a former employee of Jayhawk FCU, Lawrence, Kan., was barred for alleged embezzlement. Stattelman, who also pleaded guilty to the charges, was sentenced to time served and three years of probation. She was also ordered to pay restitution in the amount of $173,682.
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.
Tracy Kemper, a former employee of Clara Barton FCU, Washington, D.C., received the prohibition order for allegedly committing bank fraud. Kemper pleaded guilty to the charge and was sentenced to 18 months in prison and five years of supervised release.
Kemper was also ordered to pay restitution in the amount of $497,150.
Karolyn Stattelman, a former employee of Jayhawk FCU, Lawrence, Kan., was barred for alleged embezzlement. Stattelman, who also pleaded guilty to the charges, was sentenced to time served and three years of probation. She was also ordered to pay restitution in the amount of $173,682.
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.
Winter 2019
Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.