The National Credit Union Administration (NCUA) has issued a prohibition notice in January 2025. Shana M. Ware, a former employee of Genisys Credit Union in Auburn Hills, Michigan, is permanently banned from participating in the affairs of any federally insured depository institution.
An Order of Prohibition prevents an individual from working for such institutions indefinitely. Besides these orders, the NCUA sometimes issues administrative orders under Section 206 of the Federal Credit Union Act. These are legally enforceable and typically result when a credit union or its affiliates violate laws or regulations, breach fiduciary duties, or engage in unsafe practices.
The NCUA’s common orders include:
– An Order to Cease and Desist requires action or restraint from action by an institution or individual.
– An Order of Prohibition bars individuals from employment with federally insured financial institutions.
– An Order Assessing Civil Money Penalties demands payment of assessed penalties by institutions or individuals.
These enforcement orders can be searched by name, institution, city, state, and year on the NCUA’s Administrative Orders webpage. The page also links to federal banking agencies’ actions against other institutions or affiliated parties.
Public access to NCUA enforcement orders is available online or through mail requests at their Alexandria address.
The NCUA is a federal agency responsible for regulating and supervising federal credit unions. It manages the National Credit Union Share Insurance Fund which insures deposits for over 135 million account holders across federal and most state-chartered credit unions. The agency also focuses on consumer protection and financial literacy education.
For media inquiries: Joe Adamoli at JAdamoli@ncua.gov or 703.518.6572.
