NCUA Issues Three Prohibition Orders
The NCUA has issued orders banning three individuals from federally insured financial institutions, including two who stole hefty six-figure sums.
Anna Marie Salazar, a former employee of the $48 million Alamo Federal Credit Union in San Antonio was convicted of embezzlement. Salazar was sentenced to 41 months in prison, five years of supervised release, and ordered to pay restitution in the amount of $725,047.33.
Marsha Richard, a former employee of the $251 million Atlantic Regional Federal Credit Union of Brunswick, Maine, was convicted of theft. Richard was sentenced to 33 months in prison, five years of supervised release, and ordered to pay restitution in the amount of $468,217.06.
Additionally, Jeanette L. Young, a former employee of the $10 million Bluestem Community Credit Union in El Dorado, Kan., consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against her.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.