The National Credit Union Administration announced on May 29 that it issued one conviction-based prohibition and four consent-based prohibitions between March 20 and May 21. The orders permanently bar five former credit union employees from participating in the affairs of any federally insured depository institution.
According to the agency, Alan Kaufman, a former employee of Melrose Credit Union in Briarwood, New York, was convicted and sentenced in the United States District Court for the Southern District of New York on two counts of Receipt of Commissions or Gifts for Procuring Loans under federal law. Four others—Aaron Steele (The Police Federal Credit Union, San Bruno, California), Marilyn Sullins (Aldersgate Federal Credit Union, Marion, Illinois), Melissa Biscayno (Seattle Metropolitan Credit Union, Seattle, Washington), and Christopher Chelette (Valex Federal Credit Union, Alexandria, Louisiana)—agreed to prohibition orders to resolve claims by the NCUA Board.
“An Order of Prohibition prohibits a party from ever working for a federally insured depository institution,” according to the announcement. The NCUA also issues other administrative orders when it finds violations of law or unsafe practices by credit unions or their affiliates. These may include Orders to Cease and Desist—which require corrective action—Orders Assessing Civil Money Penalties—which impose financial penalties—and Orders of Prohibition.
Agency enforcement orders are searchable online by name, institution, city, state and year through NCUA’s Administrative Orders webpage. The public can also order copies by mail from NCUA headquarters in Alexandria.
The National Credit Union Administration functions as a U.S. government agency responsible for regulating and supervising federal credit unions across the nation; it charters new credit unions and offers oversight for federally insured institutions. It seeks to guarantee safe deposits with regulatory oversight backed by the full faith and credit of the United States. The agency provides tools such as Share Insurance Estimator for coverage details and CUOnline for financial submissions, according to the official website.
