IN THE MATTER OF
RANDY WAYNE BELL An Institution Affiliated Party and
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No. 99-0801-VI |
ORDER OF PROHIBITION
WHEREAS, Randy Wayne Bell 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, Randy Wayne Bell, 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. Randy Wayne Bell is an institutionaffiliated party in that he was a loan officer
of the SELCO Credit Union, located in Eugene, Oregon.
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. Randy Wayne Bell 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.
Dated this 10th day of August, 1999
NATIONAL CREDIT UNION ADMINISTRATION BOARD
by
_________________________
JANE WALTERS
Regional Director, Region VI
National Credit Union Administration
UNITED STATES OF AMERICA
NATIONAL CREDIT UNION ADMINISTRATION
NATIONAL CREDIT UNION ADMINISTRATION
BOARD
IN THE MATTER OF
RANDY WAYNE BELL Institution Affiliated Party and
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No. 99-0801 VI |
STIPULATION AND CONSENT TO ISSUANCE OF
ORDER OF PROHIBITION
The National Credit Union Administration Board, by and through its undersigned
counsel, and Randy Wayne Bell, the former loan officer of the SELCO Credit Union,
located in Eugene, Oregon, 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 Randy Wayne Bell
pursuant to Section 206 of the Federal Credit Union Act, 12 U.S.C. §1786. Randy
Wayne Bell 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 him.
2. Jurisdiction.
(a) Randy Wayne Bell 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 institutionaffiliated party. Therefore, Randy Wayne Bell is subject to the
authority of the National Credit Union Administration to initiate and maintain prohibition
proceedings against him.
3. Consent. Randy Wayne Bell consents to the issuance by the National Credit
Union Administration Board of the accompanying Order of Prohibition. He further agrees
to comply with its terms upon issuance and stipulates that the Order complies with all
requirements of the law.
4. Waivers. Randy Wayne Bell waives his 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). He further waives his 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 Randy Wayne Bell, execute this Stipulation
and Consent to Issuance of Order of Prohibition.
NATIONAL CREDIT UNION ADMINISTRATION
By: __________________________
_____8/3/99________
Allan H. Meltzer
Date
Associate General Counsel
_____________________________
_____7/12/99______
Randy Wayne Bell
Date
(Notary Seal)
________________________
Notary Public
My Commission expires: ________________________