The NCUA issued two prohibition orders in July, permanently prohibiting individuals previously associated with credit unions from any future participation in the affairs of a federally insured depository institution.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Individuals named from last month’s prohibition notice follow:
- Jose Prado-Valero, a former employee of Financial Center First Credit Union in Indianapolis, Ind.; and
- Trach H. Thibodeau, a former employee of Vermont VA Federal Credit Union in White River Junction, Vt.
NCUA enforcement orders are available via a searchable database online. Enforcement actions of federal banking agencies against other institutions or their affiliated parties may also be viewed via the administrative orders webpage.
