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NCUA issues notice of prohibition against former CEO of Heritage USA FCU

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NCUA issues notice of prohibition against former CEO of Heritage USA FCU

The NCUA hasissued a notice of prohibition against Duane Jones, former CEO of Midland, Texas-basedHeritage USA FCU.

Jones pleaded guilty to willful failure to file a return,supply information or pay a tax. Jones received five years' probation and was fined$3,000, according to a March31 NCUA news release.

The notice of prohibitioneffectively bans Jones from participating in the affairs of any federally insuredfinancial institution, the release noted.