ALEXANDRIA, Va.—NCUA issued two notices of prohibition in May.
The following two individuals are prohibited from participating in the affairs of any federally insured financial institution:
- Debra L. Buber, a former employee of STOFFE Federal Credit Union in Solon, Ohio, pleaded guilty to the charge of theft. Buber was sentenced to 30 days in prison, one year of probation and was ordered to pay $5,000 in restitution.
- Kam Wong, the chief executive officer of Municipal Credit Union in New York, was charged with the crimes of embezzlement, defrauding a financial institution, and wire fraud in the United States District Court for the Southern District of New York. After determining that continued service or participation by Wong in the credit union’s operations may pose a threat to the interests of the credit union’s members or may threaten to impair public confidence in the credit union, the NCUA board issued a notice prohibiting Wong from further participation in the affairs of any credit union.
Prohibition and administrative orders are searchable by name, institution, city, state, and at the NCUA’s Administrative Orders webpage. Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.