ALEXANDRIA, Va.–The National Credit Union Administration issued two prohibition orders and two notices of prohibition in September.
As a result, the individuals are prohibited from participating in the affairs of any federally insured financial institution.
Issued Prohibition Orders were:
- Johnnie Earl Harrell, Jr., a former employee of Welcome Federal Credit Union in Morrisville, N.C., who agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against him.
- Stacey Shaw, a former employee of IBEW Local Union 712 FCU in Beaver, Penn., who agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against her.
Notices of Prohibition
- Jonathan Sanchez-Santiago, a former employee of Guardians Credit Union in West Palm Beach, Fla., who was sentenced in the Circuit Court of the Fifteenth Judicial Circuit of Palm Beach County on charges of grand theft in connection with his employment at the credit union.
- Trevon Gross, a former employee of Helping Other People Excel FCU in Jackson, N.J., who was sentenced in U.S. District Court for the Southern District of New York on charges of conspiracy to commit financial institution briery, making false statements, obstructing the examination of a financial institution, and receiving corrupt payments as an officer of a financial institution with intent to be influenced, all in connection with his employment at the credit union.
Formal Enforcement Orders
NCUA noted administrative orders are formal enforcement orders issued by the NCUA 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.