NCUA Issues Prohibition Orders
The NCUA today issued orders prohibiting three individuals from participating in the affairs of any federally insured financial institution.
Mia Frances Chaney, a former employee of Magnolia Federal Credit Union, Jackson, Miss., was convicted of bank fraud and sentenced to 12 months in prison, three years supervised release and ordered to pay $46,063 in restitution.
Jolene Constantine, a former employee of Peoples 1st Choice Federal Credit Union, Glen Rock, N.J., without admitting or denying fault, signed an order of prohibition to avoid the time and cost of administrative litigation.
Tammy Law, a former employee of Pioneer Credit Union, Mountain Home, Idaho, was convicted of embezzlement and sentenced to 46 months imprisonment, three years supervised release and ordered to pay $564,215 in restitution. Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.