ALEXANDRIA, Va. –NCUA has issued one prohibition notice and one prohibition order. The two individuals areprohibitedfrom participating in the affairs of any federally insured financial institution.
Banned from credit unions were:
- Sherry Ann Allen, a former employee of Greater Eastern Federal Credit Union in Johnson City, Tenn., who pleaded guilty to the charges of theft and tax evasion. She was sentenced to 51 months in prison, three years’ supervised release, and was ordered to pay more than $1.2 million in restitution.
- Jihan Michelle Davis, a former branch manager of Lexington Avenue Federal Credit Union in Rochester, N.Y., who agreedand consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against her.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
NCUA said prohibition and administrative orders are searchable by name, institution, city, state, and yearat the NCUA’s Administrative Orders webpage.