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 nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.