NCUA Issues Prohibition Notices

ALEXANDRIA, Va. (March 29, 2019) – The National Credit Union Administration issued two prohibition notices in March.  These individuals are prohibited from participating in the affairs of any federally insured financial institution.

• Gwendolyn Dubose, a former employee of Greater Abyssinia Federal Credit Union in Cleveland, Ohio, pleaded guilty to the charges of making false entries, identity theft, and embezzlement.  Dubose was sentenced to 64 months in prison, three years’ supervised release, and was ordered to pay $321,497.08 in restitution.
• Carolyn LaFreniere, a former employee of SIS Insurance and Financial Services, LLC, in Latham, New York, pleaded guilty to the charge of petit larceny.  LaFreniere was ordered to pay a $100 fine.

Prohibition and administrative orders are searchable by name, institution, city, state, and year at the 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 the 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 the 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.