ALEXANDRIA, Va. (Aug. 31, 2012) – The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Kelsey Cyr, a former employee of Great Falls Regional Federal Credit Union, Lewiston, Maine, was convicted of theft. Cyr was sentenced to 364 days in prison; however, the sentence was suspended to one year’s probation. Cyr was also ordered to pay restitution in the amount of $10,424.
- John Ercolino, a former employee of South Atlantic Federal Credit Union, Boca Raton, Fla., was convicted of grand theft greater than $20,000. Ercolino was sentenced to five years’ probation and ordered to pay restitution in the amount of $110,000.
- Brandie Marie Roach, a former employee of Financial Center Credit Union, Stockton, Calif., pleaded guilty to unauthorized use of personal identifying information of another person. Roach was sentenced to probation.
NCUA enforcement orders are available online at http://go.usa.gov/yiJ and 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 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.