NCUA issues prohibition notices against four former credit union employees

Banking & Financial Services
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Todd M. Harper, NCUA Chairman | National Credit Union Administration (NCUA)

The National Credit Union Administration (NCUA) has issued three consent orders and one prohibition notice in October 2024. The actions permanently bar four individuals from participating in the affairs of any federally insured depository institution.

The individuals subject to these orders are Gloria J. Hall, formerly with Prairie View Federal Credit Union in Texas; Diane Stephens, previously employed by Priority First Federal Credit Union in Pennsylvania; Laurie Allen, a former employee of Vibrant Credit Union in Illinois; and Salusthian Lutamile, who worked at IDB Global Federal Credit Union in Washington, D.C.

"An Order of Prohibition prohibits a party from ever working for a federally insured depository institution," according to the NCUA. In addition to Orders of Prohibition, the agency may issue administrative orders under Section 206 of the Federal Credit Union Act when it finds violations of law or unsafe practices within credit unions.

The NCUA's common enforcement actions include an Order to Cease and Desist, which requires corrective action or restitution; an Order of Prohibition; and an Order Assessing Civil Money Penalties. These enforcement orders can be searched on the NCUA’s Administrative Orders webpage by name, institution, city, state, and year.

Public access to these enforcement orders is available online or through mail requests from the NCUA's office in Alexandria, Virginia.

The NCUA is an independent federal agency responsible for regulating federal credit unions. It manages the National Credit Union Share Insurance Fund, insuring deposits for over 135 million account holders across federal and many state-chartered credit unions. The agency also focuses on consumer protection and financial literacy education.