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NCUA Issues Prohibition Orders

Alexandria, VA (May 6, 2011) – The National Credit Union Administration Board has issued orders prohibiting the following individual from participating in the affairs of any federally insured financial institution.
 
Rhett B. Rowe, a former employee of Premier Members Federal Credit Union, Boulder, Colorado, agreed and consented to the issuance of Order of Prohibition and to Cease and Desist with Restitution in the amount of $9,306 to be paid to Premier Members Federal Credit Union.
 
NCUA enforcement orders are online here and may be inspected at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. Copies may be ordered by mail from NCUA, 1775 Duke St., Alexandria, Va. 22314-3428.
 
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.  


NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 98 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.

--NCUA--

National Credit Union Administration

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223 bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"