National Credit Union Administration
Issues Prohibition Orders
October 31, 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:
- Faith Ann Quarterman, former president of Little Haiti-Edison Federal Credit Union, Miami, Fla.
- Floyd Minus, former branch manager at Intrust Federal Credit Union, Chattanooga, Tenn.
- Nancy A. Noland, former teller at United Labor Credit Union, Kansas City, Mo.
ORDERS OF PROHIBITION
Faith Ann Quarterman, without admitting or denying fault, consented to a prohibition order to avoid the time and expense of litigation.
Floyd Minus, without admitting or denying fault, consented to a prohibition order to avoid the time and expense of litigation.
Nancy A. Noland, 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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