The NCUA announced Nov. 30 it issued six prohibition orders in November banning former credit union staff members from participating in the affairs of any federally insured financial institutions.
Lindsey Austin, a former employee of the $2.7 billion Texas Dow Employees Credit Union in Lake Jackson, Texas, pleaded guilty to the charge of aggravated theft. She was sentenced to 22 years in prison. The former manager of the $21 million Service Plus Credit Union in Moline, Ill., James Charles, pleaded guilty to the charge of conspiracy to launder money. He was sentenced to 30 months in prison, three years of supervised release and ordered to pay a $5,000 fine.
Robert Emerick, the former CEO and institution-affiliated party of the $52 million County Schools Federal Credit Union in Ventura, Calif., consented to the issuance of a prohibition order to avoid the time and expense of administrative litigation. Tiffany May, a former employee of the $82 million Priority One Credit Union in Sunrise, Fla., pleaded no contest to the charge of grand theft. She was sentenced to 15 years of probation and ordered to pay restitution in the amount of $7,300.
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