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UNITED STATES OF AMERICA IN THE MATTER OF ) ORDER OF PROHIBITION WHEREAS, John Long 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, John Long 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. John Long is an institution-affiliated party in that he was the Chairman of the Board of Directors of the Georgia Pacific Credit Union, located in Canton, Ohio. 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. John Long 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 __19th__ day of April, 2002 NATIONAL CREDIT UNION ADMINISTRATION BOARD _____________/s/_______________________ UNITED STATES OF AMERICA IN THE MATTER OF ) STIPULATION AND CONSENT TO ISSUANCE OF The National Credit Union Administration Board, by and through its undersigned counsel, and John Long, the former Chairman of the Board of Directors of the Georgia Pacific Credit Union, located in Canton, Ohio, 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 John Long pursuant to Section 206 of the Federal Credit Union Act, 12 U.S.C. §1786. John Long denies the existence of such grounds and further denies any wrongdoing or that he engaged in any violation of any law or regulation or that he failed to comply with any lending institution’s policies or procedures. Without any admission against his interest, John Long 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 with respect to his activities as an institution-affiliated party of the Georgia Pacific Credit Union, including, but not limited to, the waiving of the right to assess, receive, or collect any penalty or restitution pursuant to the provisions of 12 U.S.C. §§ 1786(e)(3) or 1786(k)(2); provided however, that the National Credit Union Administration Board expressly reserves the right to pursue any action necessary to enforce compliance with the terms of the Order. 2. Jurisdiction. (a) John Long 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, John Long is subject to the authority of the National Credit Union Administration to initiate and maintain prohibition proceedings against him. 3. Consent. John Long 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. John Long 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 John Long, execute this Stipulation and Consent to Issuance of Order of Prohibition. NATIONAL CREDIT UNION ADMINISTRATION By: _____/s/_________________
_____4-16-02________ _______/s/_____________________ ____4-4-02_______________ (Notary Seal) __________/s/__________________Attorney
at law My Commission expires: _my commission has no expiration . date
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