The NCUA issued prohibition notices against two individuals who were convicted of crimes. Both are prohibited from participating in the affairs of any federally insured financial institution.
Taylor Lynnae Cole, a former employee of the Camanche, Iowa-based, $125 million 1st Gateway Credit Union, entered into a deferred judgement agreement on theft charges. Cole received three years' probation and was ordered to pay restitution in the amount of $10,000.
Duane K. Jones received five years' probation and was fined $3,000 after he pleaded guilty to willful failure to file a return, supply information or pay a tax. Jones is a former president/CEO of the $53 million Heritage USA Federal Credit Union in Midland, Texas.
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