The NCUA in September issued orders prohibiting two individuals from future involvement withany federally insured financial institution, the agency saidMonday.
|Mary Jane Arroyo, a former employee of Monterey County EmployeesCredit Union in Salinas, Calif., pleaded no contest toembezzlement. She was sentenced to 90 days in prison, three yearsof probation and ordered to pay restitution and court costs.
|Cynthia Mercer, a former employee of Hamlet Federal Credit Unionin Hamlet, N.C., pleaded guilty to embezzlement. She was sentencedto one year in prison, five years supervised release and ordered topay restitution in the amount of $169,261.79.
|Violation of a prohibition order is a felony offense punishableby imprisonment and a fine of up to $1 million for each day theprohibition order is violated.
|The two orders bring the number of NCUA prohibitions to 47 for 2013, the agency said.
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