A former board member and two former employees of credit unions are barred from working or engaging in the affairs of any federally insured financial institution under prohibition orders issued in April by the National Credit Union Administration (NCUA):
- Julie Ann Turk, a former employee of Allentown Federal Credit Union in Allentown, Pa., pleaded guilty to charges of bank fraud, embezzlement and money laundering. NCUA said Turk was sentenced to 30 months in prison, five years’ supervised release, and was ordered to pay a $500 fine and $641,637 in restitution.
- Suzanne Joy Renfroe, a former employee of Powerco Federal Credit Union in Atlanta, Ga., pleaded guilty to a charge of embezzlement, NCUA said, and was sentenced to 24 months in prison, two years’ supervised release, and was ordered to pay a $100 fine and $279,403.21 in restitution.
- Phillip H. Darley, II, a former board member of the Panhandle Cooperative Federal Credit Union in Scottsbluff, Neb., agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against him. NCUA found that Darley, without authorization, falsified credit union records and abused his position to assure approval of loans to himself and related parties that otherwise would not have been approved. Farley neither admitted nor denied these findings.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.