ALEXANDRIA, Va.–NCUA has issued two new prohibition orders in November.
These orders prohibit the individuals from participating in the affairs of any federally insured financial institution.
Issued the prohibition orders were:
- Hector Andres Aleman, a former employee of Pima Federal Credit Union in Tucson, Ariz., 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.
- Elizabeth Ann Oliver, a former employee of Lancaster Red Rose Credit Union in Leola, 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. As CUToday.info reportedherein 2019Oliver was charged with stealing funds from a family who considered her a friend and with fraudulently using the identity of their one-year-old son, according to police, Oliverissued herself a credit card using a child's identity and took a cash advance of $14,514.60 in February 2013, Lancaster police said, according to ABC27. Police further alleged that in August 2016, Oliver created a fraudulent car loan for $26,169.66 using the wife as the borrower. The 2015 Ford Explorer assigned to the loan did not exist, and Oliver listed a vehicle identification number from a sedan the victims had previously financed through the credit union, ABC27 reported.
About the 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.