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NCUA Issues Prohibition Orders

Alexandria, Va., February 13, 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.

James Raymond Allenson, a former ATM technician at Central Virginia Federal Credit Union, Lynchburg, Va., was convicted of grand larceny and received a two year suspended jail sentence and 12 months of supervised probation.

Donna L. Delauder, a former financial card services representative at MacDill Federal Credit Union, Tampa, Fla., consented to issuance of a prohibition order, without admitting or denying fault, to avoid the time and expense of administrative litigation.

Larry Shoenbeck, former CEO at First Century Federal Credit Union, Sioux Falls, S.D., pled guilty to credit union embezzlement. Shoenback was sentenced to one day in jail, four months of home detention followed by six years supervised probation, and ordered to pay $14,250 in restitution.

Robert D. Williams, former manager of Philadelphia Postal Workers Credit Union, Philadelphia, 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.

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.