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.