NCUA bans 7 from future work in FIs

first_imgThe NCUA in September issued five prohibition notices and two prohibition orders, which prohibit individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution.Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. The names and details from last month’s prohibitions include the following:Richard Fortney, a former institution-affiliated party of Mid East Tennessee Community Credit Union in Decatur, Tenn., agreed and consented to the issuance of prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against him.Connie Marie Kent, a former employee of Topeka Post Office Credit Union (now 1st Kansas Credit Union) in Topeka, Kan., pleaded guilty to the charge of embezzlement. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more