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NCUA Issues Prohibition Orders

Alexandria, VA (May 6, 2011) – The National Credit Union Administration Board has issued orders prohibiting the following individual from participating in the affairs of any federally insured financial institution.
Rhett B. Rowe, a former employee of Premier Members Federal Credit Union, Boulder, Colorado, agreed and consented to the issuance of Order of Prohibition and to Cease and Desist with Restitution in the amount of $9,306 to be paid to Premier Members Federal Credit Union.
NCUA enforcement orders are online at
http://www.ncua.gov/Resources/AdministrativeOrders/Orders2011.aspx, 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.
NCUA is the independent federal agency that regulates, charters and supervises federal credit unions. With the backing of the full faith and credit of the U.S. government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.

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