Two former credit union employees were handed life-time prohibition orders from the National Credit Union Administration in March following their criminal convictions.
Taylor Lynnae Cole, a former employee at 1st Gateway Credit Union in Camanche, Iowa, entered into a deferred judgement agreement on charges of theft and identity theft in the District Court of the Seventh Judicial District of Iowa on Jan. 21, the NCUA announced Thursday. Cole was sentenced to three years of probation and was ordered to pay $10,000 in restitution.
Duane Jones, a former employee of Heritage USA Federal Credit Union in Midland, Texas, pleaded guilty last year to willful failure to file a return, supply information or pay a tax. Jones was sentenced to five years probation and fined $3,000 in the U.S. District Court of the Northern District of Texas on
The NCUA in February issued Cole and Jones notices of prohibition that effectively bans them for life from participating in the affairs of any federally insured financial institutions.
Violation of a prohibition order is a felony offense punishable to imprisonment and a fine of up to $1 million.
