NCUA Issues Prohibition Notices

ALEXANDRIA, Va. (Sept. 29, 2017) – The National Credit Union Administration in September issued two notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.

• James Nathan Sheppard, a former employee of Virginia State University Federal Credit Union in South Chesterfield, Virginia, pleaded guilty to the charges of bank fraud and aggravated identity theft. Sheppard was sentenced to more than three years in prison, five years’ supervised release and was ordered to pay $125,805.22 in restitution.
  
• Desire Valverde, a former employee of Education Credit Union in Amarillo, Texas, pleaded guilty to the charges of robbery, and aiding and abetting. Valverde was sentenced to more than eight years in prison, two years’ supervised release and was ordered to pay $53,519.50 in restitution.

Prohibition and administrative orders are searchable by name, institution, city, state and year at NCUA’s Administrative Orders webpage. The webpage also provides links to the enforcement actions of federal banking agencies against other institutions or their affiliated parties.

You may view NCUA enforcement orders online or inspect them at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Eastern, Monday through Friday. You also may order copies by mail from NCUA at 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.