NCUA banned one former credit union employee in January

By Frank Gargano January 31, 2022, 1:07 p.m. EST 1 Min Read

The National Credit Union Administration has permanently banned one former credit union employee from participating in the affairs of any federally insured institution.

Catalina Noyes, who was formerly employed by the $58 million-asset Loudoun Credit Union in Leesburg, Virginia, will no longer be able to engage in any and all affairs of an insured depository institution, the NCUA said Monday.

During her tenure as the credit union’s vice president of lending from November 2015 to August 2017, Noyes allegedly drafted and approved member business loans in violation of LCU’s policies and federal regulations, according to agency documents. LCU said it suffered more than $200,000 in financial losses as a result.

Noyes agreed and consented to the terms listed within the prohibition order issued to her, and confirmed her compliance to settle the claim against her from the NCUA.

Growth Content Reporter, Arizent

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