NCUA Prohibits Jordan L McCarthy from Working for Federally Insured Credit Unions

• The National Credit Union Administration (NCUA) issued one conviction-based prohibition in July 2026.
• Jordan L. McCarthy, a former employee of Educators Credit Union, was permanently prohibited from participating in the affairs of any federally insured depository institution due to his convictions.
• McCarthy's conviction was for Misappropriating Identification Information - Obtain Money and Fraud Against a Financial Institution $10,000 - $100,000.
• The NCUA's prohibition is a direct result of McCarthy's conviction, highlighting the agency's role in upholding federal regulations.

McCarthy's conviction was for 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).

In July 2026, the National Credit Union Administration (NCUA) issued one conviction-based prohibition, marking a significant step in maintaining the integrity of federally insured depository institutions. Jordan L. McCarthy, a former employee of Educators Credit Union in Mount Pleasant, Wisconsin, was permanently prohibited from participating in the affairs of any such institution due to his convictions. The NCUA's decision reflects its commitment to ensuring that individuals with a history of misconduct are not allowed to engage in activities that could compromise the stability and security of credit unions.

McCarthy's conviction was for 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). These charges carry significant penalties, and McCarthy's sentence reflects the severity of his actions. The NCUA's prohibition is a direct result of this conviction, highlighting the agency's role in upholding federal regulations and protecting credit union members' interests.

Lawyers representing clients with relationships to former employees of Educators Credit Union should be aware of potential compliance exposures. McCarthy's prohibition may impact business operations, and a thorough review of client relationships is essential to ensure adherence to regulatory requirements. The NCUA's actions serve as a reminder that conviction-based prohibitions can have far-reaching consequences for individuals and institutions alike.

Lawyers should watch for potential compliance exposures and review their clients' relationships with former employees of Educators Credit Union, as Jordan L. McCarthy's conviction-based prohibition may impact their business operations.

Source: Original reporting via NCUA Prohibits One Individual from Participating in the Affairs of Any Federally Insured Depository Institution