NCUA Prohibits Four Individuals From Participating in the Affairs of Any Federally Insured Depository Institution
The National Credit Union Administration issued four consent orders in May 2024. The individuals named below are permanently prohibited from participating in the affairs of any federally insured depository institution.
Arneta Davis, a former employee of Dow Great Western Credit Union in Antioch, California, agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against her.
Eric Stash, a former employee of San Juan Credit Union in Blanding, Utah, agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against him.
Britnee Maree Starling, a former employee of AltaOne Federal Credit Union in Ridgecrest, California, agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against her.
Tina L. Torres, a former employee of Valley Agricultural Federal Credit Union in Santa Paula, California, agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against her.
An Order of Prohibition prohibits a party from ever working for a federally insured depository institution.
In addition to Orders of Prohibition, the NCUA, on occasion, issues administrative orders, which are formal, legally enforceable orders issued pursuant to Section 206 of the Federal Credit Union Act. Generally, the NCUA issues administrative orders when it finds that a credit union — or persons affiliated with a credit union — have violated a law, rule, or regulation; breached a fiduciary duty; or engaged in an unsafe or unsound practice.
The three most common orders issued by the NCUA include:
An Order to Cease and Desist, which requires an institution or individual to take action (or refrain from taking action), including making restitution;
An Order of Prohibition, which prohibits an individual from ever working for a federally insured financial institution; and
An Order Assessing Civil Money Penalties, which requires an institution or individual to pay an assessed penalty amount.
Agency enforcement orders and notices are searchable by name, institution, city, state, and year on the NCUA’s Administrative Orders webpage. The webpage also provides links to the federal enforcement actions of federal banking agencies against other institutions or their affiliated parties.
The public may view NCUA enforcement orders online or the public may order copies by mail from the NCUA at 1775 Duke Street, Alexandria, Virginia 22314-3428.