ALEXANDRIA, VA. (June 12, 2012) – The National Credit Union Administration (NCUA) issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
Anna Marie Salazar, a former employee of Alamo Federal Credit Union, San Antonio, Texas, was convicted of embezzlement by a credit union employee. Salazar was sentenced to 41 months in prison, five years supervised release, and ordered to pay restitution in the amount of $725,047.33.
Jeannette L. Young, a former employee of Bluestem Community Credit Union, El Dorado, Kan., consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against her.
Marsha Richard, a former employee of Atlantic Regional Federal Credit Union, Brunswick, Maine, was convicted of theft by a credit union employee. Richard was sentenced to 33 months in prison, five years supervised release, and ordered to pay restitution in the amount of $468,217.06.
NCUA enforcement orders are online at http://go.usa.gov/yiJ 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 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.