)
IN THE MATTER OF                              )
                                              )
LINDA M. SANDERS                              )
                                              )    No. 96-08-01-II
An Institution Affiliated Party and           ) 
Person Participating in the Affairs           )
of the Ethicon Employees Federal Credit Union )
                                              )

Pursuant to Section 206(i)(1) of the Federal Credit Union Act, 12 U.S.C. §1786(i)(1), you are hereby notified that you are prohibited from participating in any manner in the affairs of any federally insured credit union. This prohibition results from activities you engaged in during your affiliation with Ethicon Employees Federal Credit Union. This prohibition is effective immediately upon service. In accordance with Section 206(g)(7)(A) of the Federal Credit Union Act, 12 U.S.C. §1786(g)(7)(A), this Order shall constitute a prohibition from further participation in any manner in the affairs of any federally insured financial institution, or other entity identified therein, without the written permission of the appropriate federal regulatory agency. This Order has been issued based upon the following information.

You were convicted of bank fraud in connection with your employment at a federally insured financial institution. You were sentenced on May 6, 1996 in Federal District Court for the District of New Jersey, to 12 months imprisonment and 3 years probation. You were ordered to pay restitution in the amount of $50,000. A copy of the Judgment in your case is attached and incorporated by reference herein.

The offense of which you were convicted, was committed while you were employed as a branch manager by Ethicon Employees Federal Credit Union of Somerville, New Jersey. At the time of your criminal actions, Ethicon Employees Federal Credit Union was a federally chartered credit union.

This offense involves personal dishonesty and breach of trust. Your continued participation in the affairs of any federally insured credit union may pose a threat to the interests of credit union members and may threaten to impair public confidence in the credit union involved.

Pursuant to Section 206(i)(3), of the Federal Credit Union Act, 12 U.S.C. §1786(i)(3), you may request in writing, within thirty days of service of this Order, an opportunity for a hearing at which you may present evidence and argument that your continued participation in the affairs of any federally insured credit union would not, or would not be likely to, pose a threat to the interests of that credit union's members or threaten to impair public confidence in the credit union. Any such request should be sent to: Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428. This hearing will be held in the Washington, D.C. metropolitan area, or such other place as designated by the Board, in accordance with Subpart D of Part 747 of NCUA's Rules and Regulations, 12 C.F.R. §747.301 et. seq.

Pursuant to Section 206(k)(2) of the Federal Credit Union Act, 12 U.S.C. §1786(k)(2), any violation of this Order may subject you to a Civil Money Penalty of up to $1,000,000.00 a day for each day said violation continues. In addition, pursuant to Section 206(l) of the Federal Credit Union Act, 12 U.S.C. §1786(l), any violation of this Order is a felony offense that is punishable by imprisonment of up to five years and a fine of up to $1,000,000.00.

This is to certify that I have served the foregoing Order of Prohibition in the Matter of Linda M. Sanders, by depositing the same with the U.S. Postal Service, certified mail, return receipt requested, addressed to Linda M. Sanders, 33 Schuyler Terrace, East Orange, New Jersey 07017.