NCUA bans one from future work in FIs

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA in August issued one prohibition notice, prohibiting an individual previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution.Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Details from last month’s prohibition order follow:Bethann Kraenzlein, a former employee of Northland Area Federal Credit Union in Oscoda, Mich., was sentenced on a charge of embezzlement. continue reading »center_img NCUA headquarterslast_img read more