ALEXANDRIA, Va. (Jan. 31, 2014) – The National Credit Union Administration has issued five orders in January prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Jade Carnahan, a former employee of Rivergate Federal Credit Union in Portland, Ore., pleaded guilty to the charge of bank larceny. Carnahan was sentenced to 18 months in prison, three years of supervised release and ordered to pay restitution in the amount of $408,062.38.
- Michael Ross Franco, a former employee of My Community Federal Credit Union in Midland, Texas, pleaded guilty to conspiracy to commit bank fraud. Franco was sentenced to 18 months in prison, five years of supervised release and ordered to pay more than $4.1 million in restitution.
- Yolanda Marie Gonzales, a former employee of Westerra Credit Union in Denver, Colo., pleaded guilty to the charge of theft. Gonzales was sentenced to seven years in an intensive supervision program, two years of work release and ordered to pay restitution in the amount of $79,198.
- Nichole Moore, a former employee of North Memorial Federal Credit Union in Robbinsdale, Minn., pleaded guilty to the charge of theft. Moore was sentenced to 120 days in prison, seven years of supervised probation and ordered to pay $141,635.69.
- Janine Shepard, a former employee of Greylock Federal Credit Union in Pittsfield, Mass., pleaded guilty to the charges of larceny and making false entries into corporate books. Shepard was sentenced to three years in prison.
NCUA enforcement orders are available online here 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 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.