National Credit Union Administration Issues Prohibition Orders Against Credit Union Officials

January. 10, 2003, Alexandria, Va. – The National Credit Union Administration (NCUA) has issued Orders of Prohibition against the following individuals:

Toreno D. Winn, former manager of consumer credit at Rockwell Federal Credit Union of Downey, Calif.P.

Michael Furbush, former director at Durez Credit Union of Kenton, Ohio

Iris Vansky, former manager at Durez Credit Union of Kenton, Ohio

Edie J. Mueller, former manager at Air Guard Federal Credit Union in Sioux Falls, S.D.

Without admitting or denying fault, these individuals consented to orders prohibiting them 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 www.ncua.gov/administrative_orders/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, governed by a three-member board appointed by the President and confirmed by the Senate, 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 deposits of more than 80 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.