NCUA Issues Prohibition Notices

ALEXANDRIA, Va. (April 30, 2019) – The National Credit Union Administration issued three prohibition notices in April. These individuals are prohibited from participating in the affairs of any federally insured financial institution.

• Phillip H. Darley, II, a former board member of the Panhandle Cooperative Federal Credit Union in Scottsbluff, Nebraska, agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against him.
• Suzanne Joy Renfroe, a former employee of Powerco Federal Credit Union in Atlanta, Georgia, pleaded guilty to a charge of embezzlement. Renfroe was sentenced to 24 months in prison, two years’ supervised release, and was ordered to pay a $100 fine and $279,403.21 in restitution.
• Julie Ann Turk, a former employee of Allentown Federal Credit Union in Allentown, Pennsylvania, pleaded guilty to charges of bank fraud, embezzlement and money laundering. Turk was sentenced to 30 months in prison, five years’ supervised release, and was ordered to pay a $500 fine and $641,637 in restitution.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

Prohibition and administrative orders are searchable by name, institution, city, state, and year at the NCUA’s Administrative Orders webpage.  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 the NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Eastern, Monday through Friday. You also may order copies by mail from the NCUA at 1775 Duke St., Alexandria, VA 22314-3428.