Board issues prohibition order

The National Credit Union Administration Board has issued an order prohibiting a Lawrence resident from participating in the affairs of any federally insured financial institution.

The board issued the order against Mark E. Kasson, former chief executive officer of Credit Union Group credit union, Lawrence, after Kasson pleaded guilty to falsifying credit union records and was sentenced to three months in prison followed by two years probation. Kasson also was ordered to pay a $1,000 fine.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.