NCUA Issues Prohibition Orders
Alexandria, Va., January 8, 2009 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Adelle Herron, a former employee of Peoria Hiway Credit Union, Peoria, Illinois, pled guilty to bank fraud and was sentenced to 36 months in prison, five years probation, and ordered to pay $540,627 in restitution.
Lori A. Kloss, a former employee of Niagara Falls Memorial Medical Center Federal Credit Union, Niagara Falls, New York, was convicted of petit larceny and sentenced to 60 days in jail and three years of probation.
Marcella G. Miller, former employee of Georgia-Pacific Toledo Employee FCU, Toledo, Oregon, pled guilty to bank larceny and was sentenced to 24 months in prison, 36 months probation and ordered to pay $506,161.86 in restitution.
Judy N. Putman-Speight in 2003 was convicted in the Maryland Circuit Court for Montgomery County of “fraudulent misappropriation by a fiduciary.” Putman-Speight was sentenced to 12 months in prison, with all but 15 days suspended, 18 months probation, fined $1,000, and ordered to pay $38,000 in restitution.
Winston Louis Smith, a former employee of State Employees Credit Union, Jacksonville, Florida, pled guilty to embezzlement, defrauding a financial institution, and false statements. Smith was sentenced to 18 months in prison, five years probation, and ordered to pay $178,921 in restitution.
NCUA enforcement orders are online at http://www.ncua.gov/administrative_orders/Admin/administrative.html, and may be inspected at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. Copies may be ordered by mail from NCUA, 1775 Duke St., Alexandria, Va. 22314-3428.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of over 86 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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