NCUA Issues Prohibition Orders

ALEXANDRIA, Va. (Oct. 30, 2015) – The National Credit Union Administration has issued three orders in October prohibiting the following individuals from participating in the affairs of any federally insured financial institution:

• Linda Sue Newcomb, the former manager of the now closed Lynrocten Federal Credit Union in Lynchburg, Virginia, pleaded guilty to the charges of embezzlement, bank fraud and aggravated identity theft. Newcomb was sentenced to 10 years in prison and five-years supervised release. She also was ordered to pay more than $11.7 million in restitution.
• Douglas Ratcliffe, a former employee of InTouch Credit Union in Plano, Texas, pleaded guilty to the charge of credit union theft. Ratcliffe was sentenced to 21 months in prison and five-years supervised release. He also was ordered to pay restitution in the amount of $388,607.82.
• Bernie D. Metz, the former CEO and manager of the now closed Center Valley Federal Credit Union in Wheeling, West Virginia, pleaded guilty to the charges of money laundering and embezzlement from a credit union by an employee. Metz was sentenced to nine years in prison and five-years supervised release. She also was ordered to pay more than $4.8 million in restitution.

NCUA enforcement orders are available online and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You also may order copies by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.

Credit unions may search prohibition and administrative orders by name, institution, city, state and year here. The webpage also provides links to the enforcement actions of other federal banking regulators against other institutions or their affiliated parties.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.