In the Matter of
Coleen Szymczak
Former manager of
|
Docket No. 98-1101-I |
WHEREAS, Coleen Szymczak has executed a Stipulation and Consent
to
Issuance of Order of Prohibition, which is accepted and approved
by the National
Credit Union Administration Board; and
WHEREAS, Coleen Szymczak, in the Stipulation has consented and
agreed
to the issuance of this Order of Prohibition pursuant to Section
206(g) of the Federal
Credit Union Act, 12 U.S.C. §1786(g), and Part 747 of the
National Credit Union
Administration Rules and Regulations;
NOW THEREFORE, IT IS ORDERED THAT:
1. Coleen Szymczak is an institution-affiliated party in that
she is the former
manager of the Fourth Supervisory District Employees Federal Credit
Union, Westfield,
New York.
2. The Stipulation and Consent to the Issuance of this Order
of Prohibition is
made a part hereof and is incorporated herein by reference.
3. Coleen Szymczak is prohibited from participating in any manner
in the
conduct of the affairs of any federally insured credit union and
any other institution
defined in 12 U.S.C. §1786(g)(7).
4. This Order of Prohibition shall be effective on the date
it is issued.
By Delegated Authority
_______________________________________
Rick L. Ravine
Acting Regional Director, Region I
DATE ISSUED: November 16, 1998
IN THE MATTER OF
COLEEN SZYMCZAK,
Former manager of No. 98-1101-I
FOURTH SUPERVISORY DISTRICT EMPLOYEES
FEDERAL CREDIT UNION
Westfield, NY
The National Credit Union Administration Board, by and through
its undersigned
counsel, and Coleen Szymczak, the former manager of Fourth Supervisory
School
District Federal Credit Union, Westfield, NY, hereby stipulate
and agree as follows:
1. Consideration. The National Credit Union Administration
is of the opinion
that grounds exist to initiate an administrative prohibition against
Coleen Szymczak
pursuant to Section 206 of the Federal Credit Union Act, 12 U.S.C.
§1786. Coleen
Szymczak desires to avoid the time, cost and expense of administrative
litigation and
hereby stipulates and agrees to the following terms in consideration
of the forbearance
of the National Credit Union Administration Board from conducting
an administrative
hearing and imposing other remedial sanctions against her.
2. Jurisdiction.
(a) Coleen Szymczak is an "institution-affiliated party"
within the
meaning of Section 206(r) of the Federal Credit Union Act, 12
U.S.C. §1786(r).
(b) Pursuant to the authority vested in the Board of the National
Credit
Union Administration under Section 206(g) of the Federal Credit
Union Act, 12 U.S.C.
§1786(g), and Part 747 of the National Credit Union Administration
Rules and
Regulations, it is an appropriate Federal agency to maintain enforcement
proceedings
against such institution-affiliated party. Therefore, Coleen
Szymczak is subject to
the authority of the National Credit Union Administration to initiate
and maintain
prohibition proceedings against her.
3. Consent. Coleen Szymczak, without making any admission
of fault, consents
to the issuance by the National Credit Union Administration Board
of the accompanying
Order of Prohibition. She further agrees to comply with its terms
upon issuance and
stipulates that the Order complies with all requirements of the
law. Execution of this
Stipulation and Consent by Coleen Szymczak does not constitute
an admission of any
violation of the Federal Credit Union Act, or any other statute
regulation, right, duty or
obligation for any purpose whatsoever.
4. Waivers. Coleen Szymczak waives her right to the administrative
hearing
provided for in Section 206(g)(4) of the Federal Credit Union
Act, 12 U.S.C.
§1786(g)(4). She further waives her right to seek judicial
review of the Order of
Prohibition or otherwise challenge the validity or legality of
the Order.
5. Finality. The Order of Prohibition is issued pursuant
to Section 206(g) of the
Federal Credit Union Act, 12 U.S.C. §1786(g). Upon its issuance
by the National
Credit Union Administration Board, it shall be a final Order,
effective and fully
enforceable by the National Credit Union Administration.
WHEREFORE, in consideration of the foregoing, the undersigned,
on behalf of
the National Credit Union Administration, and Coleen Szymczak,
execute this
Stipulation and Consent to Issuance of Order of Prohibition.
NATIONAL CREDIT UNION ADMINISTRATION
By: _______________________ _______________
Paul T. Sosnowski Date
Trial Attorney
Office of General Counsel
_________________________ _______________
Coleen Szymczak, former manager Date
Fourth Supervisory School District
Federal Credit Union
(Notary Seal) ____________________
Notary Public
My Commission expires _________________