NCUA Prohibition Orders

September 29, 2010, Alexandria, Va.,– The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Carla Y. Daniels, a former employee of School Systems Federal Credit Union, Albany, New York, was convicted of grand larceny. Daniels was sentenced to 5 years probation.
John Freundner, a former employee of BMI Federal Credit Union, Dublin, Ohio, was convicted of theft. Freundner was sentenced to 5 years mental health supervision, 60 hours of community service and ordered to pay $125,025 in restitution.
NCUA enforcement orders are online at, and may be inspected at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. Copies may be ordered by mail from NCUA, 1775 Duke St., Alexandria, Va. 22314-3428.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of 90 million account holders in all federal credit unions and the majority of state-chartered credit unions.

This entry was posted in finance and tagged . Bookmark the permalink.