ALEXANDRIA, Va.–NCUA has issued three consent-based prohibitions in August 2026, which permanently prohibits the individuals from participating in the affairs of any federally insured depository institution.
Issued the Orders of Prohibition were:
Three-Year Prison Term
Teresa Palmer, former employee of Centra Credit Union, Columbus, Ind. who agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA board’s claims against her.
As the CU Daily reported here, Palmer has been sentenced to three years in federal prison for stealing more than $381,000 from four members, including an elderly man with dementia.
Palmer, 55, also was ordered to serve three years of supervised release and pay $381,400 in restitution.
Palmer was indicted in July 2025 on four counts of bank fraud and pleaded guilty to two counts July 30 under an agreement with federal prosecutors, according to U.S. District Court records.
In her plea agreement, Palmer admitted stealing $381,400 from four customers between January 2021 and December 2022. That included $284,608 from an elderly man with dementia and $76,834 from another elderly man who was incapable of managing his own finances.
$14,500 Theft
Jessie Wright, former employee of Tongass Federal Credit Union, Ketchikan, Alaska, who agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA board’s claims against her. According to NCUA, Wright removed cash from Tongass FCU premises without authorization, resulting in $14,500 in losses to the credit union.
$57,000 Theft
Ahmed Hamada, former employee of OneAZ Credit Union, Phoenix, who agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA board’s claims against him.
According to NCUA, Hamada engaged in misconduct for his personal financial benefit by performing unauthorized cash and check transactions on a credit union member’s account. A review of OneAZ records revealed these transactions totaled more than $57,000, the agency said.
An Order of Prohibition prohibits a party from ever working for a federally insured depository institution.
