The NCUA issued prohibition orders this month forbidding two former credit union employees from taking part in the affairs of any federally insured financial institution.
Linda Zuhan, a former employee of the $14 million IBEW Community Federal Credit Union in Beaumont, Texas, agreed to the prohibition order to "avoid the time and expense of administrative litigation," according to an NCUA media release.
Karen Zunk-Wolf, a former employee of the $15 million YS Federal Credit Union in Yellow Springs, Ohio, pleaded guilty to charges of theft. She was sentenced to five years of probation and ordered to pay restitution in the amount of $10,233.50. According to local news reports, Zunk-Wolf was the CEO of YS for 12 years before abruptly resigning in 2012. At the time, the credit union board would not give reason for the sudden resignation.
The NCUA's enforcement orders are available online, for inspection at NCUA's Office of General Counsel or by mail.
Credit unions may search prohibition and administrative orders by name, institution, city, state and year on the NCUA's Administrative Orders page.
Violating a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
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