ALEXANDRIA, Va. –NCUA has announced orders banning two people from credit unions, while separately also announcing it will host a webinar on the U.S. Department of the Treasury’s Emergency Capital Investment Program.
Issued prohibition orders by NCUA were:
- Kyle Erisman, a former employee of True North FCU in Juneau, Alaska, who was sentenced on a charge of embezzlement in connection with his employment.
- Patricia Martin, a former employee of McCoy FCU in Orlando, Florida, who was sentenced on a charge of theft in connection with her employment.
Webinar Information
Meanwhile, NCUA said it will host its webinar on the Treasury program for all eligible CUs on Feb. 3 starting at 2 p.m. ET.
The agency noted Congress created the program as part of the Consolidated Appropriations Act, 2021, to help community-based financial institutions support consumers and local small businesses in low-income and underserved communities that have been disproportionately affected by the economic effects of the COVID-19 pandemic. A federally insured credit union must be certified as a Community Development Financial Institution or as a minority depository institution to participate in the program, NCUA reminded.
“The Emergency Capital Investment Program offers eligible credit unions resources to support members and communities negatively impacted by the pandemic,” said NCUA Board Chairman Todd M. Harper. “I encourage eligible credit unions to participate in this webinar and to learn more about the benefits of this program and how it can be used to support the communities they serve.”
What’s On Tap
According to NCUA, the webinar will discuss the program’s eligibility and application requirements; the financial instrument and terms used for the investment, and whether credit unions can use the investment as secondary capital.
Registration for the 60-minute webinar is now open online. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow pop-ups from this website, NCUA said.
The agency added participants can submit questions anytime during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “Emergency Capital Investment Program.” Please email technical questions about accessing the webinar to audience.support@on24.com.
The webinar will be closed captioned and archived online approximately three weeks following the live event.