NCUA bars two from participation in affairs of insured banks and CUs

The National Credit Union Administration has announced it has issued a Consent Prohibition Order against Monica Jackson, formerly the operation and marketing director at Koin Credit Union, Brentwood, Tennessee, after a finding that she took cash out of the credit union’s vault, made unauthorized transfers to herself out of the account of a deceased member, and fraudulently opened and used lines of credit in the names of nominees for her own personal gain. She further used the master administration access code to lock one of the accounts she was using to conceal her fraudulent activity from other employees and KCU. Her fraudulent activities caused the credit union significant financial loss.

The NCUA also issued a Notice of Prohibition to Autumn S. Smith formerly employed by SecurityPlus Federal Credit Union, Baltimore, Maryland, after a conviction for the offense of theft ($1,500 to under $25,000) resulting from her misconduct at the credit union.