ALEXANDRIA, Va. (Nov. 14, 2011) – The National Credit Union Administration (NCUA) issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Melissa Barajas, a former employee of San Antonio Federal Credit Union, San Antonio, Texas, was convicted of embezzlement by a credit union employee. The court sentenced Barajas to 12 months and one day in prison, five years supervised probation, and ordered her to pay restitution in the amount of $56,423.
- Donna Gonzalez, a former employee of San Antonio Federal Credit Union, San Antonio, Texas, was convicted of embezzlement from a credit union. The court sentenced Gonzalez to 15 months in prison, three years supervised probation, and ordered her to pay restitution in the amount of $56,826.36.
- Cheryl J. Watson, formerly affiliated with Southern Credit Union, Chattanooga, Tenn., consented to the issuance of this prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against her.
NCUA enforcement orders are online at http://www.ncua.gov/Legal/Regs/Pages/AdminOrders.aspx, and you may inspect them at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You may order copies 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
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.