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NCUA bans one former credit union staffer in July

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The National Credit Union Administration issued one prohibition order in July.

The agency said in a press release Friday that Elka Maria Arrechavala, a former employee of Space Coast Credit Union in Melbourne, Fla., was sentenced on identity theft, embezzlement, fraud and theft charges.

Arrechavala entered a plea of nolo contendere, also known as a plea of no contest, according to the administrative order.

Violation of NCUA’s ban is subject to a fine of up to $1 million per day.

Including Arrechavala, NCUA has issued 27 bans so far this year.

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