Two individuals were prohibited from “participating in the affairs” of any federally insured credit union, because of actions taken in August by the National Credit Union Administration (NCUA) and announced Friday.
James Nathan Sheppard, a former employee of Virginia State University Federal Credit Union in South Chesterfield, Va., pleaded guilty to charges of bank fraud and aggravated identity theft. Sheppard was sentenced to more than three years in prison, five years’ supervised release and was ordered to pay $125,805.22 in restitution.
Desire Valverde, a former employee of Education Credit Union in Amarillo, Texas, pleaded guilty to the charges of robbery, and aiding and abetting. Valverde was sentenced to more than eight years in prison, two years’ supervised release and was ordered to pay $53,519.50 in restitution.
NCUA issues notices of prohibition to individuals who have been convicted of crimes of dishonesty; violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million, the agency pointed out.