NCUA bans one former credit union staffer in July

The National Credit Union Administration issued one prohibition order in July.

The agency said in a press release Friday that Elka Maria Arrechavala, a former employee of Space Coast Credit Union in Melbourne, Fla., was sentenced on identity theft, embezzlement, fraud and theft charges.

Arrechavala entered a plea of nolo contendere, also known as a plea of no contest, according to the administrative order.

Violation of NCUA’s ban is subject to a fine of up to $1 million per day.

Including Arrechavala, NCUA has issued 27 bans so far this year.

For reprint and licensing requests for this article, click here.
Financial crimes NCUA
MORE FROM AMERICAN BANKER