NCUA Issues Five Prohibition Orders

September 15, 2011

NCUA has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:

Rhonda Hitt, a former employee of Fort Worth Star-Telegram Employees Federal Credit Union, Fort Worth, Texas, without admitting or denying fault, consented to a prohibition order and a cease-and-desist order. Hitt was ordered to pay restitution in the amount of $4,383.49 to EECU. Fort Worth Star-Telegram Employees Federal Credit Union merged with EECU in 2010.

• Milton Callan, a former employee of Lockheed Federal Credit Union, Burbank, Calif., was convicted of embezzlement. Callan was sentenced to 41 months in prison, five years supervised probation and ordered to pay restitution in the amount of $831,763.91.

• Varoujan John Daglian, a former employee of Lockheed Federal was convicted of grand theft. Daglian was sentenced to three years of probation and ordered to pay restitution in the amount of $751.

• Lorraine Lopez, a former employee of Lockheed Federal was convicted of grand theft. Lopez was sentenced to three years formal probation and ordered to pay restitution in the amount of $5,808.26.

• Victor Jackmon, a former employee of Lockheed Federal was convicted of felony theft. Jackmon was sentenced to five years of probation and ordered to pay restitution in the amount of $14,263.66.

NCUA enforcement orders are available here.