National Credit Union Administration
Issues Prohibition Order
September 16, 2004, Alexandria, Va. – The National Credit Union Administration (NCUA) has issued an Order of Prohibition for Denise M. Visvydas, a former loan officer with School Employees of Washington Credit Union, Spokane, Washington.
Without admitting or denying fault, Visvydas signed NCUA’s order prohibiting her from further participation in the operation of any federally insured financial institution. Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
NCUA enforcement orders can be found online at http://www.ncua.gov/administrative_orders/Admin/administrative.html, may be inspected at NCUA’s Office of General Counsel from 9 a.m. to 4 p.m. Monday through Friday, and copies may be ordered by mail from NCUA at 1775 Duke St., Alexandria, Va. 22314-3428.
The National Credit Union Administration is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of more than 83 million account holders in all federal credit unions and the majority of state-chartered credit unions.
|