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NCUA Issues Prohibition Orders

Alexandria, Va., January 24, 2007 -- The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Betty Jean Barachie, a former loan officer and branch manager at former Nor-Car Federal Credit Union, Easton, Pa., pled guilty to credit union embezzlement and filing a false tax return. Barachie was sentenced to 27 months in jail, followed by five years probation and ordered to pay $1,523,633 in restitution.

Catherine Lee Couch, former credit card coordinator at West-AirComm Federal Credit Union, Beaver, Pa., pled guilty to misapplication of funds. She was sentenced to 12 months and one day in jail, followed by 60 months supervised release and ordered to pay $34,580 in restitution. 

Twyla M. Davis, former manager at Winston-Salem Police Credit Union, Winston-Salem, N.C., consented to issuance of a prohibition order without admitting or denying fault to avoid the time and expense of administrative litigation.

Latifa Joseph,  former loan officer at the Louisiana Association of Educators Federal Credit Union, New Orleans, La., consented to issuance of a prohibition order without admitting or denying fault to avoid the time and expense of administrative litigation.

James R. Straley, former treasurer/manager at Blackhawk Federal Credit Union, Beaver Falls, Pa., consented to issuance of 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.