National Credit Union Administration
Issues Prohibition Orders
October 21, 2005, Alexandria, Va. – The National Credit Union Administration (NCUA) has issued orders prohibiting each of the following individuals from participating in any manner in the affairs of federally insured financial institutions:
- Mary Helen Melendez, former employee of Technology Credit Union, San Jose, California.
- Isaac Barrocas, former chief executive officer of Vernon Commerce Credit Union, Commerce, California.
- Kirby Dela Cruz, former employee of San Mateo Credit Union, Redwood City, California.
ORDERS OF PROHIBITION
Mary Helen Melendez, without admitting or denying fault, consented to a prohibition order to avoid the time and expense of litigation
Isaac Barrocas, without admitting or denying fault, consented to a prohibition order to avoid the time and expense of litigation.
Kirby Dela Cruz, without admitting or denying fault, consented to a prohibition order to avoid the time and expense of litigation.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. NCUA enforcement orders are online at http://www.ncua.gov/administrative_orders/Admin/administrative.html, and may be inspected at NCUA’s Office of General Counsel from 9 a.m. to 4 p.m. Monday through Friday. Copies may be ordered by mail from NCUA, 1775 Duke St., Alexandria, Va. 22314-3428.
The National Credit Union Administration is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of over 84 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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