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UNITED STATES OF AMERICA
NATIONAL CREDIT UNION ADMINISTRATION
NATIONAL CREDIT UNION ADMINISTRATION BOARD
___________________________
IN THE MATTER OF
LORIANNE K. HELLMAN
DOCKET NO. 00-0201-II
An Institution-Affiliated Party
and Person Participating In the
Affairs of the EMICO Employees
Federal Credit Union,
Erie, Pennsylvania
___________________________
ORDER OF PROHIBITION
WHEREAS, Lorianne K. Hellman, former manager of EMICO
Employees Federal Credit Union (Credit Union), was an institution-affiliated
party participating in the affairs of said credit union; and
WHEREAS, Lorianne K. Hellman 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, Lorianne K. Hellman 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’s Rules and Regulations,
12 C.F.R. §747;
NOW, THEREFORE, IT IS ORDERED THAT:
1.
Lorianne K. Hellman is prohibited from further participation, in
any manner, in the conduct of the affairs of any federally insured credit
union and any other institution as defined in Section 206(g)(7)(A) of
the Federal Credit Union Act, 12 U.S.C. §1786(G)(7)(A).
2.
The Stipulation and Consent to Issuance of this Order of Prohibition
is made a part hereof and is incorporated herein by reference.
3.
This Order of Prohibition shall become effective on the date it
is issued.
DATE:
NATIONAL CREDIT
UNION ADMINISTRATION BOARD
BY: ______________________________
Tawana James,
Regional Director
National Credit Union
Administration Region II
UNITED STATES OF AMERICA
NATIONAL CREDIT UNION ADMINISTRATION
NATIONAL CREDIT UNION ADMINISTRATION BOARD
___________________________
IN THE MATTER OF
Lorianne K. Hellman DOCKET NO. 00-0201-II
MANAGER/TREASURER
EMICO EMPLOYEES
FEDERAL CREDIT UNION
___________________________
STIPULATION AND CONSENT TO ISSUANCE
OF ORDER OF PROHIBITION
The National Credit Union Administration Board (“NCUA Board”),
by and through its undersigned counsel, and Lorianne K. Hellman, former
manager/treasurer of EMICO Employees Federal Credit Union, Erie, Pennsylvania
hereby stipulate and agree as follows:
1. Consideration. The National Credit
Union Administration (“NCUA”) is of the opinion that grounds exist to
initiate an administrative prohibition against Lorianne K. Hellman pursuant
to Section 206 of the Federal Credit Union Act, 12 U.S.C. §§1786(g)
and (i). Lorianne K. Hellman, without admitting or denying that said
grounds exist (except those set forth as to Jurisdiction in paragraph
2), desires to avoid the time, cost and expense of administrative litigation.
Accordingly, Lorianne K. Hellman consents to the issuance by the NCUA
Board of an Order of Prohibition (“Order”) and hereby stipulates and
agrees to the following terms in consideration of the settlement, compromise
and resolution of all potential administrative claims and charges that
have been or might be asserted by the NCUA Board against Lorianne K.
Hellman arising out of her positions as both manager and treasurer of
the EMICO Employees Federal Credit Union.
2. Jurisdiction.
(a) Lorianne K. Hellman 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 NCUA Board under Section 206(g) of the Federal Credit
Union Act, 12 U.S.C. §§1786(g) and (i), and Part 747 of the National
Credit Union Administration Rules and Regulations, it is an appropriate
Federal agency to maintain enforcement proceedings against an institution-affiliated
party. Therefore, Lorianne K. Hellman is subject to the authority of
the National Credit Union Administration to initiate and maintain prohibition
proceedings against her.
3. Consent. Lorianne K. Hellman consents to the
issuance by the NCUA 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 Federal Credit
Union Act.
4. Waivers. Lorianne K. Hellman waives her right
to the administrative hearing provided for in Section 206(g) 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. Other Actions. Pursuant to this Stipulation,
the Order settles and resolves any NCUA Board claims, known and unknown,
against Lorianne K. Hellman as provided by paragraph 1 of this Stipulation.
The Stipulation, however, does not release, discharge, compromise, settle,
resolve, or in any way effect the actions, claims, charges against,
or liabilities that arise and that may be or may have been brought by
EMICO Employees Federal Credit Union, or any federal or state government
agency or entity other than the NCUA Board.
6. Finality. The Order of Prohibition is issued
pursuant to Section 206(g) of the Federal Credit Union Act, 12 U.S.C.
§§1786(g) and (i). Upon its issuance by the NCUA 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 Lorianne K. Hellman execute this Stipulation and consent
to Issuance of Order of Prohibition.
By: /s/
February 24, 2000
Dana Brewington
Date
Trial Attorney
Office of General Counsel
/s/
February 1, 2000
Lorianne K. Hellman
Date
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