NCUA Issues Prohibition Orders
Alexandria, Va., December 10, 2007 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Renee Brizza-Davis, a former teller at Connects Federal Credit Union, Richmond, Virginia, was convicted of embezzlement and sentenced to 10 years in prison, with all but eight months suspended, followed by supervised release and ordered to pay $46,400 in restitution.
Stephen W. Deaton, a former employee of River Valley Credit Union, Middletown, Ohio, pled guilty to theft of credit union funds. He was sentenced by the state of Ohio to 18 months in prison and ordered to pay $128,000 in restitution.
Stephen E. Edraney, the former manager and consultant at #11713 Bethlehem Municipal Employees Federal Credit Union, Bethlehem, Pennsylvania, agreed to an order of prohibition, without admitting or denying fault, in order to save the time and expense of litigation.
Karl R. Hedke, a former loan officer at Wyandotte Federal Credit Union, Wyandotte, Michigan, pled guilty to bank fraud and was sentenced to 64 months in prison followed by 4 years of probation and ordered to pay $1,494,131.96 in restitution.
Reatha Hall Johnson, the former manager of North Gulfport Community Federal Credit Union, Gulfport, Mississippi, pled guilty to bank fraud and embezzlement and was sentenced to 21 months in prison followed by 5 years of supervised probation, and ordered to pay $78,461 in restitution.
Matthew A. Pickup, the former treasurer at Hopes Employees Federal Credit Union, Jamestown, New York, pled guilty to grand larceny and was sentenced to 6 months in prison followed by 5 years of probation.
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. |
