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The NCUA announced Friday that it issued one consent-based prohibition order in October 2025, permanently barring a former Minnesota credit union employee from participating in the affairs of any federally insured depository institution.
According to the agency, Shwe Siedschlag, a former employee of Affinity Plus Federal Credit Union in Saint Paul, Minn., agreed to the issuance of the order and consented to comply with its terms to resolve the NCUA Board’s claims against her. The agency did not specify what conduct led to the action, and no details of alleged wrongdoing appeared in the public record.
Under a consent order of prohibition, an individual agrees to a permanent ban without admitting or denying specific allegations. Such orders are typically used by regulators to settle cases where evidence of potential misconduct exists, but a negotiated resolution avoids formal litigation.
The NCUA issues prohibition orders under Section 206 of the Federal Credit Union Act when it finds that a person has violated laws, breached fiduciary duties, or engaged in unsafe or unsound practices. These legally enforceable orders ensure that individuals removed from the industry cannot return to positions of trust at other financial institutions.
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