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ALEXANDRIA, Va.-NCUA issued four prohibition orders last week against former credit union officials. Theresa Palumbo, former manager of Matteawan Federal Credit Union in Beacon, N.Y., pleaded guilty to one felony count of credit union embezzlement and one felony count of credit card fraud. She was sentenced to concurrent terms of 18 months in prison plus three years of supervised release. Palumbo was also ordered to pay restitution of $152,906. Judith Wilcox, former manager of Penobscot County Federal Credit Union in Bangor, Maine, also pleaded guilty to one count of credit union embezzlement and was sentenced to imprisonment for not more than one month, electronic monitoring and home confinement for a period of five months, and supervised prohibition for a term of three years. She was ordered to pay restitution in the amount of $10,417.78. Both are prohibited from further participation in any manner in the affairs of any federally insured financial institution. Jane E. Allen, former manager of Haverhill Municipal Employees Credit Union in Haverhill, Mass., and Donna Dupuy, former treasurer of Louisiana Public Health Workers Federal Credit Union in Metairie, La., consented to orders prohibiting them from participating in the operation of any federally insured financial institution as well, without admitting or denying fault. Violation of a prohibition order is a felony punishable by imprisonment and a fine of up to $1 million.

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