NCUA bars two former credit union employees from future work in financial institutions

Two former employees of credit unions in Alaska and Florida were prohibited from participating in the affairs of any federally insured financial institution in January orders announced Friday by the National Credit Union Administration (NCUA).

Kyle Erisman, a former employee of True North Federal Credit Union in Juneau, Alaska, was sentenced in September on a charge of embezzlement in connection with his employment, the NCUA prohibition order shows.

Patricia Martin, a former employee of McCoy Federal Credit Union in Orlando, Fla., pleaded guilty to a charge of theft from a person 65 years or older ($50,000 or more) in connection with her employment, the NCUA order shows. Martin was sentenced in September.

The orders show that a violation of either order can bring a fine of up to $1 million a day or a jail term of up to five years, or both.

NCUA Issues Two Prohibition Notices