UNITED STATES OF AMERICA
NATIONAL CREDIT UNION ADMINISTRATION
NATIONAL CREDIT UNION ADMINISTRATION BOARD
__________________________________________
IN THE MATTER OF
Manolo C. Patolot former Accounting
Supervisor and person participating in
the affairs of MWD Federal Credit Union
Los Angeles, CA
Docket No. 98-01-01-VI
__________________________________________
STIPULATION AND CONSENT TO ISSUANCE OF
ORDER OF PROHIBITION
The National Credit Union Administration ("NCUA"), by and through its undersigned counsel, and
Manolo C. Patolot, hereby stipulate and agree as follows:
1. Consideration. The NCUA, based upon information reported to it, is of the opinion that grounds
exist to initiate an administrative prohibition / civil money penalty proceeding against Manolo C. Patolot
pursuant to Sections 206(g) and 206(k)(2) of the Federal Credit Union Act, 12 U.S.C. §1786(g),
(k)(2). Manolo C. Patolot denies that such grounds exist, but desires to avoid the time, cost and
expense of such administrative litigation and, without admitting that such grounds exist, hereby stipulates
and agrees to the following terms in consideration of the forbearance of the NCUA from initiating such
administrative litigation against him.
2. Jurisdiction.
(a) MWD Federal Credit Union, (Credit Union) was at all relevant times a federally insured credit
union as that term is defined in Section 101(7) of the Federal Credit Union Act, 12 U.S.C.§1752(7).
(b) Manolo C. Patolot, as Accounting Supervisor of Credit Union, was an institution-affiliated party as
defined in Section 206(r) of the Federal Credit Union Act, 12 U.S.C. §1786(r).
(c) Pursuant to Sections 206(g), (k)(1) of the Federal Credit Union Act, 12 U.S.C. §1786(g), (k)(1)
and Part 747 of the National Credit Union Administration's Rules and Regulations, 12 C.F.R. Part
747, the NCUA is empowered to maintain enforcement proceedings against federally insured credit
unions and institution-affiliated parties. Manolo C. Patolot is subject to the authority of NCUA to
initiate and maintain an administrative action against him.
3. Consent. Manolo C. Patolot consents to the issuance by the Board of the NCUA 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 law.
4. Cooperation. Manolo C. Patolot agrees to cooperate fully with any NCUA investigation into
activities at Credit Union, including but not limited to, providing full and complete answers to questions
by NCUA in connection therewith.
5. Waivers. Manolo C. Patolot waives his right to a Notice of Prohibition and administrative hearing as
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 to otherwise challenge the validity
or legality of the Order.
6. 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, immediately effective and fully enforceable by the National Credit Union
Administration.
7. Other federally insured financial institutions. In accordance with Section 206(g)(7)(A) of the Federal
Credit Union Act, 12 U.S.C. §1786(g)(7)(A), the Order of Prohibition 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 NCUA Board and the appropriate
federal financial institutions regulatory agency.
WHEREFORE, in consideration of the foregoing, the undersigned counsel, on behalf of the National
Credit Union Administration, and Manolo C. Patolot execute this Stipulation and Consent to Issuance
of Order of Prohibition.
By: ______________________ _______________________
NATIONAL CREDIT UNION MANOLO C. PATOLOT
ADMINISTRATION
Date: ______________________ Date: __________________
UNITED STATES OF AMERICA
NATIONAL CREDIT UNION ADMINISTRATION
NATIONAL CREDIT UNION ADMINISTRATION BOARD
__________________________________________
IN THE MATTER OF
Manolo C. Patolot former Accounting
Supervisor and person participating in
the affairs of MWD Federal Credit Union
Los Angeles, CA
Docket No. 98-01-01-VI
__________________________________________
ORDER OF PROHIBITION
WHEREAS, Manolo C. Patolot, former Accounting Supervisor of MWD Federal Credit Union
(Credit Union), was a institution-affiliated party participating in the affairs of said credit union; and
WHEREAS, Manolo C. Patolot has executed a Stipulation and Consent to Issuance of Order of
Prohibition dated January 6, 1998, which is accepted and approved by the National Credit Union
Administration acting through its counsel; and
WHEREAS, Manolo C. Patolot 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's Rules and Regulations, 12 C.F.R. §747;
NOW, THEREFORE, IT IS ORDERED THAT:
1. Manolo C. Patolot is prohibited from further participation, in any manner, in the conduct of the
affairs of any federally insured credit union.
2. Without the prior written approval of the National Credit Union Administration Board and, if
applicable, the appropriate federal financial institutions regulatory agency, Manolo C. Patolot may not
participate in any manner in the affairs of any institution(s) or other entity set forth in Section
206(g)(7)(A) of the Federal Credit Union Act, 12 U.S.C. §1786(g)(7)(A).
3. The Stipulation and Consent to Issuance of this Order of Prohibition, dated January 7, 1998, is
made a part hereof and is incorporated herein by this reference.
4. This Order of Prohibition shall become effective on the date it is issued.
DATE:
NATIONAL CREDIT UNION ADMINISTRATION BOARD
BY: ______________________________________
Rick Ravine
Acting Regional Director, Region VI, Pacific
National Credit Union Administration