NCUA Liquidates and Issues Prohibition Order
NCUA was busy over the holidays. The $3.2 million First Hawaiian Homes FCU was liquidated and the assets, shares, and loans were immediately assumed by Molokai Community FCU. The agency also issued a prohibition order against Brianna Lee Freel, a former employee of U.P. State Credit Union in Escanaba, MI. Freel had pled guilty to embezzlement and false pretense and was sentenced to two years of probation and ordered to pay restitution of over $54,000. [1/4/16]