ALEXANDRIA, VA (September 30, 2013) -- The National Credit Union Administration has issued two orders in September prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Mary Jane Arroyo, a former employee of Monterey County Employees Credit Union in Salinas, Calif., pleaded no contest to the charge of embezzlement. Arroyo was sentenced to 90 days in prison, three years of probation, and ordered to pay restitution and court costs.
- Cynthia Mercer, a former employee of Hamlet Federal Credit Union in Hamlet, N.C., pleaded guilty to the charge of embezzlement. Mercer was sentenced to one year in prison, five years supervised release and ordered to pay restitution in the amount of $169,261.79.
NCUA enforcement orders are available online at http://go.usa.gov/4ReQ and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You may order copies may by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.
NCUA also makes available links to the enforcement actions of other federal regulators against other institutions or their affiliated parties at http://go.usa.gov/gFP5.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 95 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
--NCUA--