ALEXANDRIA, Va. – The NCUA issued one consent order in November, the agency announced.
Barred from ever again participating in the affairs of any federally insured financial institution is Daniel Garza, a former employee of Alhambra Credit Union in Phoenix.
In addition to Orders of Prohibition, the NCUA, on occasion, issues administrative orders, which are formal, legally enforceable orders issued pursuant to Section 206 of the Federal Credit Union Act. Generally, the NCUA issues administrative orders when it finds that a credit union — or persons affiliated with a credit union — have violated a law, rule, or regulation; breached a fiduciary duty; or engaged in an unsafe or unsound practice.