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IN THE MATTER OF        )
Scott D. Halverson      ) Docket # 96-1101V
Universal Campus        )
Credit Union            )

Pursuant to Section 206(i)(1)(C) of the Federal Credit Union Act, 12 U.S.C. §1786(i)(1)(C), you are hereby prohibited from participating in any manner in the affairs of any federally insured credit union. The prohibition results from your activities as an employee of Universal Campus Credit Union and your recent guilty plea and conviction for Misapplication of Credit Union Funds, 18 U.S.C. § 657. This prohibition is effective immediately upon service. The NCUA believes that your continued service or participation may pose a threat to the interests of credit union members or may threaten public confidence in the credit union.

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 entered a plea of guilty to Misapplication of Credit Union Funds in violation of 18 U.S.C. § 657. On July 29, 1996 you were sentenced to 24 months probation and $16,000 restitution.

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 that credit union. You should make any such request to:

This hearing will be held in Alexandria, Virginia 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 million 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 up to five years imprisonment and a fine of $1 million.

This is certify that I have served the foregoing Order of Prohibition in the Matter of Scott D. Halverson by ______________________________.

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