In July 2024, the National Credit Union Administration (NCUA) banned two people from working in any federally insured bank. Besides Prohibition Orders, the NCUA sometimes gives other formal orders when a credit union or someone associated with it breaks a law, rule, or regulation, fails to fulfill a duty, or acts unsafely or unsoundly.
Who Got Banned?
Jose Prado-Valero: He used to work at Financial Center First Credit Union in Indianapolis, Indiana.r
Tracy H. Thibodeau: She used to work at Vermont VA Federal Credit Union in White River Junction, Vermont.
Common NCUA Orders:
Order to Cease and Desist: This order tells an institution or person to stop doing something or to start doing something. It can include paying back money.
Order of Prohibition: This order bans a person from ever working for a federally insured financial institution.
Order Assessing Civil Money Penalties: This order requires an institution or person to pay a penalty.
You can search for NCUA enforcement orders by name, institution, city, state, and year on the NCUA’s Administrative Orders webpage. This webpage also has links to federal enforcement actions against other institutions or their affiliated parties.
The public can view NCUA enforcement orders online or order copies by mail from the NCUA at 1775 Duke Street, Alexandria, Virginia 22314-3428.
Your blog is a true hidden gem on the internet. Your thoughtful analysis and engaging writing style set you apart from the crowd. Keep up the excellent work!
Blue Techker Awesome! Its genuinely remarkable post, I have got much clear idea regarding from this post . Blue Techker
Baddiehub Hi there to all, for the reason that I am genuinely keen of reading this website’s post to be updated on a regular basis. It carries pleasant stuff.
Noodlemagazine I’m thankful for the thought you’ve put into this, regards for all the remarkable content