The Nationwide Credit score Union Administration issued two new prohibition orders for the month of July, completely barring a pair of former credit score union staff from working for a federally insured monetary establishment.
Audrey Elkins, a former supervisor of the $1.1 million-asset William Newton Memorial Hospital Credit score Union in Winfield, Kansas, will now not be capable to interact, instantly or not directly, in any affairs of an insured depository establishment, the NCUA mentioned Friday. Within the second quarter of 2018, WNMH Credit score Union was consolidated into the $65.4 million-asset Panhandle Federal Credit score Union primarily based in Wellington, Kansas, as a consequence of “poor monetary situations,” in keeping with the NCUA.
Elkins consented to the situations imposed upon her by the prohibition, and agreed to all of the phrases listed. Elkins was indicted by federal prosecutors final yr on fees of embezzling practically $600,000 from WNMH Credit score Union from November 2010 to November 2017, in keeping with a local news report.
The NCUA additionally excised Richard Franco Arceo, a former worker of the $380 million-asset White Sands Federal Credit score Union in Las Cruces, New Mexico. To settle the company’s declare towards him, Arceo accepted and consented to the issuance of a prohibition order and agreed to adjust to all its phrases, in keeping with the press launch.
In keeping with NCUA filings, Arceo was accused of misappropriating member funds totaling roughly $33,620 from the credit score union.
The 2 prohibitions handed down for July convey to 10 the variety of orders issued by the NCUA this yr.
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