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 Inland 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 pleaded guilty to one count of Title 18, United States Code, Section 215 (a)(2), corruptly giving an employee of a financial institution in excess of $200 to influence a transaction of that institution. You were sentenced on November 12, 1997, by the U.S. District Court for the Northern District of Indiana, Hammond Division, to probation for three years and ordered to pay restitution in the amount of $1,500 to Inland Employees Federal Credit Union. A copy of the Judgment in a Criminal Case, dated November 13, 1997, is attached to this Order as Attachment 1 and is incorporated by reference herein.

The offense of which you were convicted, bank bribery, was committed while you were an affiliated party with Inland Employees Federal Credit Union located in East Chicago, Indiana. At the time of your criminal actions, Inland Employees Federal Credit Union was a federally-chartered credit union.

The offense to which you pleaded guilty involved personal dishonesty and breach of trust. Your continued participation in any manner in the conduct of 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 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, Virginia 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 National Credit Union Administration'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(I) of the Federal Credit Union Act, 12 U.S.C. §1786(I), 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.

Dated this ________________ day of October, 1998

National Credit Union Administration
                       by
 
 

_____________________________________
Nicholas Veghts
Regional Director, Region IV
National Credit Union Administration