The NCUA issued prohibition orders to three individuals this month for fraud and theft.
Violating a prohibition order is considered a felony offense, which is punishable with jail time and a fine of up to $1 million, the regulator said.
Anthony Raguz, former CEO of the defunct St. Paul Croatian Federal Credit Union in Eastlake, Ohio, pleaded guilty to bank fraud, money laundering and receipt of commissions or gifts for procuring loans, according to the NCUA.
Raguz must serve 14 years in prison, three years of supervised release and pay restitution in the amount of $71.5 million.
Lisa Frace, a former teller at the $29.8 million Baker Federal Credit Union in Phillipsburg, N.J., pleaded guilty to numerous theft and forgery charges. Frace was sentenced to six months in prison, three years of probation and required to pay restitution in the amount of $68,387.74.
According to a July 2012 report in the Lehigh Valley Express-Times, from 2007 to 2012 Frace made unauthorized withdrawals from elderly members' accounts, signing them up for online banking and online account statements without their knowledge to hide the theft.
Melissa Shurina, a former employee of the $213 million USX Federal Credit Union in Cranberry Township, Pa., was charged with theft and admitted into an Accelerated Rehabilitative Disposition program, according to the NCUA.
Shurina's sentence resulted in six months of probation, 20 hours of community service and restitution.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
