Enforcement actions against credit unions increased for the fifth straight year in 1993, according to the National Credit Union Administration.

In the agency's annual report to Congress, the NCUA said it issued 34 prohibition orders, eight permanent cease-and-desist orders, and five civil money penalties last year.

Eleven temporary cease-and-desist orders also were initiated during the year.

In 1992 the NCUA issued 17 prohibition orders, 10 permanent cease-and-desist orders, and six civil money penalties. It initiated three temporary cease-and-desist orders.

Big Jump

The five civil money penalties in 1993 netted a total of $211,000, compared with $4,500 the year before.

During 1993, seven credit unions were in conservatorship and 362 operated under letters of understanding and agreement.

In 1992, five credit unions were in conservatorship and 276 operated under letters of understanding and agreement.

In 1993, the agency also made two "significant" criminal referrals to the Department of Justice, compared to 12 the year before.

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 requires the NCUA to report annually to Congress.

Among the enforcement actions:

* A record civil money penalty assessment of $143,500 against a former director of the now-defunct Hamtramck (Mich.) Community Federal Credit Union.

* A prohibition order against the manager of a state-chartered, federally insured credit union who embezzled $1.5 million.

* A cease-and-desist order and a civil money penalty of $10,000 against a salesman who marketed unsafe and unsound U.S. government securities to federally insured credit unions.

* A cease-and-desist order against a broker-dealer who marketed unsafe and unsound U.S. government securities to federally insured credit unions.

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