National Credit Union Administration
Issues Prohibition Orders
Alexandria, Va., September 25, 2006 -- The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Lisa Sudo, former head teller with UFCW Federal Credit Union, Wyoming, Penn., was convicted of theft and tampering with records. She was placed on supervised probation and ordered to pay $100,000 in restitution.
Sarah Marie Shelton, former accounting clerk with Peoples Advantage Federal Credit Union, Chester, Va., was convicted of embezzlement and ordered to serve 10 days of a 10 year suspended sentence. She was placed on supervised probation and ordered to pay $30,000 in restitution.
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.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
The National Credit Union Administration is the independent federal agency that 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 85 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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