In the Matter of
Patricia A. Galvin
An Institution Affiliated Party and
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Docket No. 99-0401-VI |
WHEREAS, Patricia A. Galvin has executed a Stipulation
and Consent to Issuance of Order of Prohibition, which is accepted
and approved by the National Credit Union Administration acting
through its counsel; and
WHEREAS, Patricia A. Galvin, 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. Patricia A. Galvin is an institution-affiliated party in that she was the manager of the Oakland Airport Federal Credit Union, located in Oakland, California.
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. Patricia A. Galvin is prohibited from participating
in any manner in the conduct of the affairs of any federally insured
credit union and any other institution as defined in 12 U.S.C.
§1786(g)(7).
4. This Order of Prohibition shall be effective
on the date it is issued.
In the Matter of
Patricia A. Galvin
An Institution Affiliated Party and
|
Docket No. 99-0401-VI |
The National Credit Union Administration Board, by
and through its undersigned counsel, and Patricia A. Galvin, the
former manager of the Oakland Airport Federal Credit Union, Oakland,
California, 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 Patricia A. Galvin pursuant
to Section 206 of the Federal Credit Union Act, 12 U.S.C. §1786.
Patricia A. Galvin 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) Patricia A. Galvin 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(c,),
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, Patricia A. Galvin is subject to the authority of
the National Credit Union Administration to initiate and maintain
prohibition proceedings against her.
3. Consent. Patricia A. Galvin 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.
4. Waivers. Patricia A. Galvin 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 Patricia A. Galvin,
execute this Stipulation and Consent to Issuance of Order of Prohibition.
NATIONAL CREDIT UNION ADMINISTRATION
By: ______--S--_____________ _____4/13/99____________
Allan Meltzer Date
Associate General Counsel
______--S--_____________ ____2/2/99_____________
Patricia A. Galvin Date
(Notary Seal) ___________________________
Notary Public
My Commission expires: _____________