ALEXANDRIA, VA. (June 27, 2012) – The National Credit Union Administration (NCUA) issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
Edgar Hugh Kelly, a former employee of KBR Credit Union, Tacoma, Wash., was convicted of theft from a lending, credit, or insurance institution. Kelly was sentenced to 33 months in prison, three years supervised release, and ordered to pay $440,000.
Joanne Taylor, a former employee of Hingham Federal Credit Union, Hingham, Mass., was convicted of larceny by a credit union employee. Taylor’s two-year prison sentence was suspended to five years supervised release. Taylor was also ordered to pay restitution in the amount of $35,000.
NCUA enforcement orders are online at http://go.usa.gov/yiJ
and available for inspection 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.