ALEXANDRIA, Va.–Two people have been banned from ever again working at a federally insured financial institution.
NCUA said it has issued one prohibition notice and one prohibition against:
- Michelle Cain, a former employee of Business and Industrial Federal Credit Union in Columbus, Ind., who pleaded guilty to the charge of theft. Cain was sentenced to one year in prison, two years’ supervised release, and was ordered to pay $466,122.27 in restitution.
- Mitchell Reiver, a former employee or institution-affiliated party of Melrose Credit Union in Briarwood, N.Y., who agreed and 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 him.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.