Pursuant to Section 206(i)(1) of the Federal Credit Union Act, 12 U.S.C. §1786(i)(1), the National Credit Union Administration ("NCUA"), acting through its Regional Director hereby removes you from your position as a member of the Board of Piscataway Township Employees Federal Credit Union (Credit Union) and prohibits you from further participation in any manner in the affairs of any federally insured credit union. This prohibition results from activities in which you engaged during your affiliation with the Credit Union. This removal and 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. The NCUA issued this Order based upon the following information:

1. On August 6, 1998, you entered a guilty plea to one count of Third Degree Theft by Deception, (N.J.S.A. 2C:20-4). On October 19, 1998, it was ordered that you be sentenced to 18 months of probation and ordered to make restitution in the amount of $10,000.00. A copy of the Judgment of Conviction, dated October 19, 1998, is attached to this Order as Attachment 1 and is incorporated by reference herein.

2. You committed the offense which forms the basis for your conviction while you were serving as Treasurer of the Piscataway Township Employees Federal Credit Union. At the time of your criminal action, Piscataway Township Employees Federal Credit Union was a federally-chartered credit union.

3. The offense to which you plead guilty involved 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, 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(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.

Dated this 2nd day of April, 1999

National Credit Union Administration

by

Tawana Y. James

Regional Director, Region II

National Credit Union Administration