Media Release

FOR IMMEDIATE RELEASE

NCUA Issues Prohibition Orders

Alexandria, Va., September 17, 2008 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Betty J. Hargrave, former manager of Kellogg Memphis Employees Federal Credit Union, Syracuse, New York, consented to a prohibition order, without admitting or denying fault, to avoid the time and cost of litigation.  

Pranee Kolesar, former employee of Boeing Helicopters Federal Credit Union, Ridley Park, Pennsylvania, pled guilty to misapplication of credit unions funds and bank fraud, She was sentence to one day in prison, five years of supervised release, and ordered to pay $14,500 in restitution.

Linda Mattina, former employee of Long Island State Employees Federal Credit Union, Hauppauge, New York, consented to a prohibition order, without admitting or denying fault, to avoid the time and cost of litigation. 

Elizabeth Montedoro, former teller of Patriot Federal Credit Union, Chambersburg, Pennsylvania, pled guilty to one count of bank fraud and was sentenced to 21 months in prison followed by four years of supervised release, and she was ordered to pay $182,777 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.

 

-NCUA-