ALEXANDRIA, Va. (April 29, 2016) – The National Credit Union Administration in April has issued five notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.
- Melissa Ann Joiner, a former employee of Metro North Federal Credit Union in Jacksonville, Florida, pleaded guilty to the charge of theft. Joiner was sentenced to one day in prison, five years’ probation and was ordered to pay court costs.
- Schrelle L. Malone, a former employee of Pacific Marine Credit Union in Oceanside, California, pleaded guilty to the charges of theft, identity theft and burglary. Malone was sentenced to 21 days in prison, three years’ probation and was ordered to pay restitution in the amount of $4,892.81.
- Michael J. McGrath, Jr., the former CEO of U.S. Mortgage Corporation and CU National Mortgage, LLC, in Pine Brook, New Jersey, pleaded guilty to the charges of conspiracy to commit mail and wire fraud, and money laundering. McGrath was sentenced to seven years in prison, three years’ supervised release and was ordered to pay more than $139.6 million in restitution.
- Randy Gard Teall, a former employee of Global Credit Union in Spokane, Washington, pleaded guilty to the charge of bank fraud. Teall was sentenced to one year in prison, five years’ supervised release and was ordered to pay restitution in an amount that has not yet been determined by the court.
- Yvondia M. “Susan” Young, a former employee of Heritage Trust Federal Credit Union in Summerville, South Carolina, pleaded guilty to the charge of bank fraud. Young was sentenced to one year in prison, five years’ supervised release and was ordered to pay restitution in the amount of $325,521.82.
Prohibition and administrative orders are searchable by name, institution, city, state and year at http://go.usa.gov/gFP5. The webpage also provides links to the enforcement actions of federal banking agencies against other institutions or their affiliated parties.
You may view NCUA enforcement orders online or inspect them at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You also may order copies by mail from NCUA at 1775 Duke St., Alexandria, VA 22314-3428.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.