ALEXANDRIA, Va. (Oct. 31, 2014) – 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:
- Reginald Clark, an institution-affiliated party of Hoya Federal Credit Union in Washington, D.C., was found in breach of his fiduciary duty. In addition to the order of prohibition, the NCUA Board assessed Clark a first-tier civil money penalty of $15,000.
- Jennelle Curtis, a former employee of Pinal County Federal Credit Union in Casa Grande, Arizona, pleaded guilty to two charges of embezzlement. Curtis was sentenced to one year in prison, five years supervised release and ordered to pay restitution in the amount of $555,571.
- Kendra Jill Moore, a former employee or institution-affiliated party of Partners 1st Federal Credit Union in Fort Wayne, Indiana, consented to the issuance of an order of prohibition to avoid the time and expense of administrative litigation.
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 at http://go.usa.gov/gFP5. 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.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share
Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of
state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.