ALEXANDRIA, Va. (March 29, 2013) – The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Holly Cowan, a former employee of Lawrence County School Employees Federal Credit Union in New Castle, Pa., pleaded guilty to the charge of embezzlement and income tax evasion. Cowan was sentenced to 15 months in prison, three years of supervised release and ordered to pay restitution in the amount of $285,641.
- Lisa Hood, a former employee of AllSouth Federal Credit Union in Columbia, S.C., was sentenced to five years in prison and five years of probation on charges of financial identity fraud, crimes against a federally insured financial institution and breach of trust with fraudulent intent.
- Crystal J. Lankford, a former employee of H.B.E. Credit Union in Seward, Neb., pleaded guilty to the charge of embezzlement. Lankford was sentenced to 45 months in prison, five years of supervised release and ordered to pay restitution in the amount of $633,998.56.
- Keiona Rutledge, a former employee of G.I.C. Federal Credit Union in Cleveland, Ohio, pleaded guilty to the charges of trafficking and possessing criminal tools. Rutledge was sentenced to one year of community control and ordered to pay a $500 fine.
NCUA enforcement orders are available online at http://go.usa.gov/4ReQ 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 may by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.
NCUA also makes available links to the enforcement actions of other federal regulators against other institutions or their affiliated parties at http://go.usa.gov/gFP5.
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.