ALEXANDRIA, Va. (Dec. 31, 2013) – The National Credit Union Administration has issued one order in December prohibiting the following individual from participating in the affairs of any federally insured financial institution:
- Lori Bush, a former employee of District 62 Highway Federal Credit Union in Hammond, La., entered into a pretrial intervention program for the charge of theft. Bush is required to remain in the program until its completion at the end of 2014, at which time the charges will be dismissed.
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 also may order copies by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.
Credit unions may search prohibition and administrative orders by name, institution, city, state and year at http://go.usa.gov/gFP5. The webpage also provides links to the enforcement actions of other federal banking regulators against other institutions or their affiliated parties.
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.