NCUA issues prohibition order against former Educators Credit Union employee

Traders Union
All News
Regulators
NCUA bars Educators Credit Union employee

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Ashutosh Sureka

31.07.2026

NCUA issues prohibition order against former Educators Credit Union employee — NCUA bars credit union staff

A July 2026 enforcement action by the National Credit Union Administration bars one former credit union employee from working at any federally insured depository institution. The order follows a conviction in Wisconsin tied to identity information misuse and fraud against a financial institution.

Highlights

NCUA issued a permanent prohibition order in July 2026 against Jordan L. McCarthy, former Educators Credit Union employee, after a Wisconsin fraud conviction.
McCarthy was convicted and sentenced for misappropriating identification information and defrauding a financial institution of $10,000 to $100,000 in Waukesha County.
NCUA enforces Section 206 of the Federal Credit Union Act through orders such as prohibition, cease and desist, and civil money penalties for violations or unsafe practices.

Wisconsin conviction triggers permanent ban

As reported by National Credit Union Administration, Jordan L. McCarthy, a former employee of Educators Credit Union in Mount Pleasant, Wisconsin, is permanently prohibited from participating in the affairs of any federally insured depository institution.

NCUA says the action is conviction-based and was issued in July 2026. McCarthy was convicted and sentenced in the Circuit Court for Waukesha County on charges of misappropriating identification information to obtain money and fraud against a financial institution involving $10,000 to $100,000.

An Order of Prohibition prevents an individual from ever working for a federally insured depository institution.

Enforcement framework for federally insured institutions

NCUA says it also issues administrative orders under Section 206 of the Federal Credit Union Act when it finds that a credit union or affiliated parties violated a law, rule or regulation, breached a fiduciary duty, or engaged in an unsafe or unsound practice.

The agency says its most common actions include orders to cease and desist, prohibition orders, and orders assessing civil money penalties. NCUA adds that enforcement orders and notices can be searched by name, institution, city, state and year on its Administrative Orders webpage, and copies can also be requested by mail.

Federal and state anti-fraud coordination efforts across the Southeastern U.S. have expanded, with authorities pursuing a new wave of cases tied to hundreds of millions of dollars in intended losses. Our earlier coverage noted that the push includes multi-state prosecutions alongside new task forces and formal cooperation agreements designed to speed detection and strengthen enforcement against benefits, loan, and tax-related fraud.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

From PlayStation to crypto: Why Sony is building its own blockchain

By Ksenia Gerey
15 hours ago

From PlayStation to crypto: Why Sony is building its own blockchain

Editors' Picks

Google loses billions: What’s behind Alphabet’s stock crash?

By Oleg Tkachenko
18 hours ago

Google loses billions: What’s behind Alphabet’s stock crash?

Editors' Picks

The end of Bitcoin’s growth era: Why prominent investors doubt its future

By Olena Litvinenko
Yesterday

The end of Bitcoin’s growth era: Why prominent investors doubt its future

Editors' Picks

All Editors' Top Picks

Latest NCUA News

NCUA proposes higher 2027 budget, schedules November hearing

By Darina Pashchenko
27.10.2026

NCUA proposes higher 2027 budget, schedules November hearing

Regulators

#Public Services #USA #NCUA

NCUA proposes new deregulation changes for U.S. credit unions

By Sholanke Dele
20.10.2026

NCUA proposes new deregulation changes for U.S. credit unions

Regulators

#Reforms #USA #NCUA

NCUA opens comment period for 2027 first-quarter call report changes

By Oleksii Zaichenko
16.10.2026

NCUA opens comment period for 2027 first-quarter call report changes

Regulators

#Reporting #USA #NCUA

Ksenia Gerey
15 hours ago

From PlayStation to crypto: Why Sony is building its own blockchain

Oleg Tkachenko
18 hours ago

Google loses billions: What’s behind Alphabet’s stock crash?

Olena Litvinenko
Yesterday

The end of Bitcoin’s growth era: Why prominent investors doubt its future

Eugene Komchuk
Yesterday

WeFi CEO: Banks are overstating the threat from stablecoins

Dmytro Kharkov
Yesterday

HSBC’s warning signs point to a bigger risk for global banks

Pavlo Kot
4 min ago

Stocks fall after earnings while capex guides hold, Puru Saxena notes

Hanna Syniavska
34 min ago

Risk is being repriced and re-allocated to different buyers, Meltem Demirors notes

Yaroslav Dmytrenko
49 min ago

Traditional market ledgers are grossly flawed, Bruce Fenton argues

Mikhail Vnuchkov
1 hour ago

U.S. GDP rises 3.4 percent in Q3, Mohamed A. El-Erian notes

Daria Chernytska
1 hour ago

Offers support for coordinated freezing and tracing efforts, Gracy Chen notes

Top News

Pavlo Kot
4 hours ago

Binance hit by suspected $6 billion hack in potentially largest crypto attack ever

Binance hit by suspected $6 billion hack in potentially largest crypto attack ever

Hanna Syniavska
11 hours ago

ECB leaves interest rates at 2.5% as inflation pressures persist

ECB leaves interest rates at 2.5% as inflation pressures persist

Eugene Komchuk
11 hours ago

Christine Lagarde announces early resignation as ECB president

Christine Lagarde announces early resignation as ECB president

Olga Shendetskaya
13 hours ago

Brent drops below $110 as Middle East peace talks ease supply concerns

Brent drops below $110 as Middle East peace talks ease supply concerns

Andrey Mastykin
13 hours ago

Nasdaq futures decline as Alphabet sparks tech selloff

Nasdaq futures decline as Alphabet sparks tech selloff

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

EUR/USD remains in a strong downtrend as ECB decision approaches

Jose Antonio Gastelum
Now

Cardano Foundation expands role in Swiss tokenized securities market

Mykhailo Ihnatenko
Now

Nvidia stock faces $210 risk as Alphabet earnings shake AI sentiment

Pavlo Kot
Now

Visa stablecoin settlement volume surges tenfold to $25 billion

Mykhailo Ihnatenko
Now

Ethereum price faces $2,200 risk as early holder activity and ETF outflows weigh

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.