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NCUA Issues Prohibition Orders

Alexandria, Va., January 18, 2007 -- The National Credit Union Administration (NCUA) has issued orders prohibiting former credit union employees from participating in the affairs of any federally insured financial institution.

Heather Renee Maier, a former teller at KYANG Federal Credit Union, Louisville, Kentucky, pled guilty to credit union theft. Maier was sentenced to serve six months in prison, six months of house arrest upon release, and three years of supervised probation; and she was ordered to pay $51,317.48 in restitution.

Latrell Brousseau, a former teller at Louisiana Association of Educators Federal Credit Union, New Orleans, Louisiana, signed a prohibition order without admitting or denying fault to avoid the time and expense of administrative litigation.

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 between 9 a.m. and 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.