NCUA bars six from future service in insured financial institutions

Six former credit union-affiliated parties were barred from any future service in a federally insured financial institution in prohibition notices and orders issued last month by the National Credit Union Administration (NCUA).

The barred individuals, announced in a release by the agency Friday, include:

  • Kolade Awoyade, a former employee of Greater Abyssinia Federal Credit Union in Cleveland, Ohio. The NCUA prohibition notice states that Awoyade was sentenced on charges of embezzlement, bank fraud, and aggravated identity theft.
  • Kelly Jo Hill, a former institution-related party of WV National Guard Federal Credit Union in Charleston, W.Va. In a consent order, the NCUA said it found that Hill submitted loan applications containing false or incomplete information to the credit union, facilitated loans for herself and her family members that violated the credit union’s lending policies, and misappropriated for her own use a check made payable to the credit union in the amount of $4,484.50.
  • Tammy Margucci, a former employee of Lanco Federal Credit Union in Lancaster, Pa. Margucci was sentenced on the charge of “theft by unlawful taking-movable property,” the agency said in its notice.
  • Brandon Corey Suarez, a former employee of Space Coast Credit Union in Melbourne, Fla. In its notice, the NCUA said Suarez pleaded guilty to and was sentenced on charges of criminal use of personal identification, organized fraud to obtain property, grand theft, and making false entries into the books of a corporation.
  • Grover Thurman, a former employee of Mid East Tennessee Community Credit Union in Decatur, Tenn. In a consent order, the NCUA said it found that Thurman, while a director of the credit union and “with knowledge and intent,” allowed the filing of false call reports containing inaccurate financial data intended to manipulate the credit union’s regulatory net worth ratio.
  • Joshua Thurman, also a former employee of Mid East Tennessee Community Credit Union in Decatur, Tenn. According to the consent order, NCUA found that Thurman, while controller of the credit union and “with knowledge and intent,” prepared and filed false call reports containing inaccurate financial data intended to manipulate the credit union’s regulatory net worth ratio.

NCUA, in its release, made no statement either way about any relationship between Grover Thurman and Joshua Thurman.

NCUA Issues Prohibition Orders and Notices