The National Credit Union Administration (NCUA) issued four consent orders in May 2024, permanently prohibiting the individuals named below from participating in the affairs of any federally insured depository institution.
Arneta Davis, a former employee of Dow Great Western Credit Union in Antioch, California; Eric Stash, a former employee of San Juan Credit Union in Blanding, Utah; Britnee Maree Starling, a former employee of AltaOne Federal Credit Union in Ridgecrest, California; and Tina L. Torres, a former employee of Valley Agricultural Federal Credit Union in Santa Paula, California, all agreed and consented to the issuance of prohibition orders. They have agreed to comply with all terms to settle and resolve the NCUA Board’s claims against them.
An Order of Prohibition prohibits a party from ever working for a federally insured depository institution. In addition to Orders of Prohibition, the NCUA occasionally issues administrative orders under Section 206 of the Federal Credit Union Act. These are formal, legally enforceable orders issued when it finds that a credit union or its affiliates have violated laws or regulations, breached fiduciary duties, or engaged in unsafe practices.
The three most common orders issued by the NCUA include:
– An Order to Cease and Desist: Requires an institution or individual to take or refrain from certain actions.
– An Order of Prohibition: Prevents an individual from working for any federally insured financial institution.
– An Order Assessing Civil Money Penalties: Requires payment of assessed penalties by an institution or individual.
Agency enforcement orders and notices can be searched by name, institution, city, state, and year on the NCUA’s Administrative Orders webpage. This page also provides links to federal enforcement actions against other institutions or their affiliated parties.
The public may view NCUA enforcement orders online or request copies by mail from the NCUA at 1775 Duke Street, Alexandria, Virginia 22314-3428.
The NCUA is an independent federal agency created by Congress to regulate and supervise federal credit unions. It manages the National Credit Union Share Insurance Fund with full backing from the United States government. The fund insures deposits for over 135 million account holders across federal credit unions and most state-chartered credit unions. The NCUA also focuses on consumer protection and financial literacy education.
For media inquiries:
Joe Adamoli
JAdamoli@ncua.gov
703.518.6572
