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NCUA Issues Prohibition Order

ALEXANDRIA, VA. (May 31, 2012) – The National Credit Union Administration (NCUA) issued an order prohibiting the following individual from participating in the affairs of any federally insured financial institution:

  • Lenora Jane Colburn, a former employee of SELCO Community Credit Union, Eugene, Ore., was convicted of embezzlement by a credit union employee. Colburn was sentenced to a prison term, five years supervised release and ordered to pay restitution in the amount of $146,583.64.

NCUA enforcement orders are online at 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 101 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.


National Credit Union Administration

Office of Public & Congressional Affairs



John Fairbanks
Office: 703.518.6336
Mobile: 571.438.0801

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223

Kenzie Snowden
Office: 703.518.6334

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