NCUA Issues Prohibition Orders

ALEXANDRIA, Va. (Aug. 31, 2015) – The National Credit Union Administration has issued two orders in August prohibiting the following individuals from participating in the affairs of any federally insured financial institution:

• Linda Juhan, a former employee or institution-affiliated party of IBEW Community Federal Credit Union in Beaumont, Texas, consented to the issuance of an order of prohibition to avoid the time and expense of administrative litigation.
   
• Karen Zunk-Wolf, a former employee of YS Federal Credit Union in Yellow Springs, Ohio, pleaded guilty to the charge of theft. Zunk-Wolf received a five-year probation and was ordered to pay restitution in the amount of $10,233.50.

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 on NCUA.gov. 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.