NCUA Prohibits One Individual from Participating in the Affairs of Any Federally Insured Depository Institution
By NCUA —
Alexandria, VA (July 31, 2026) ― The National Credit Union Administration (NCUA) issued one conviction-based prohibition in July 2026. The individual named below is permanently prohibited from participating in the affairs of any federally insured depository institution.
Jordan L. McCarthy, former employee of Educators Credit Union, Mount Pleasant, Wisconsin, was convicted and sentenced in the Circuit Court for Waukesha County with the offenses of Misappropriating Identification Information - Obtain Money, Wis. Stat. § 943.201(2)(a) and Fraud Against a Financial Institution $10,000 - $100,000, Wis. Stat. § 943.82(1).
An Order of Prohibition prohibits a party from ever working for a federally insured depository institution.
In addition to Orders of Prohibition, NCUA, on occasion, issues administrative orders, which are formal, legally enforceable orders issued pursuant to Section 206 of the Federal Credit Union Act. Generally, NCUA issues administrative orders when it finds that a credit union — or persons affiliated with a credit union — have violated a law, rule, or regulation; breached a fiduciary duty; or engaged in an unsafe or unsound practice.
The three most common orders issued by NCUA include:
Agency enforcement orders and notices are searchable by name, institution, city, state, and year on the NCUA’s Administrative Orders webpage. The webpage also provides links to the federal enforcement actions of federal banking agencies against other institutions or their affiliated parties.
The public may view NCUA enforcement orders online or the public may order copies by mail from the NCUA at 1775 Duke Street, Alexandria, Virginia 22314-3428.
The NCUA is the federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund.
Originally reported by NCUA.