ALEXANDRIA, Va. ––NCUA has issued one prohibition order and one prohibition notice in October.
The two individuals, who are prohibited from participating in the affairs of any federally insured financial institution, include:
- Sheena Nicole Morgan, a former employee of Point Breeze Credit Union, Hunt Valley, Md., who was sentenced in the Circuit Court for Baltimore County on charges of felony theft in connection with her employment at the credit union.
- Suzanne Nowicki, a former employee of Westport Federal Credit Union, Westport, Mass., 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.
The agency noted that administrative orders are formal enforcement orders issued by 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.