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