IN THE MATTER OF RANDY WAYNE BELL An Institution Affiliated Party and Person Participating in the Affairs of the SELCO CREDIT UNION, Eugene, Oregon

No. 99-0801-VI

WHEREAS, Randy Wayne Bell 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, Randy Wayne Bell, 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. Randy Wayne Bell is an institution­affiliated party in that he was a loan officer

of the SELCO Credit Union, located in Eugene, Oregon.

                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.  Randy Wayne Bell 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.
 
 

 
 

IN THE MATTER OF RANDY WAYNE BELL  Institution Affiliated Party and Person Participating in the Affairs of the SELCO CREDIT UNION, Eugene, Oregon

No. 99-0801 VI

 
 

The National Credit Union Administration Board, by and through its undersigned

counsel, and Randy Wayne Bell, the former loan officer of the SELCO Credit Union,

located in Eugene, Oregon, 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 Randy Wayne Bell

pursuant to Section 206 of the Federal Credit Union Act, 12 U.S.C. §1786. Randy

Wayne Bell 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.

                2. Jurisdiction.

                        (a) Randy Wayne Bell 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 institution­affiliated party. Therefore, Randy Wayne Bell is subject to the

authority of the National Credit Union Administration to initiate and maintain prohibition

proceedings against him.

                3.  Consent. Randy Wayne Bell 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. Randy Wayne Bell 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 Randy Wayne Bell, execute this Stipulation

and Consent to Issuance of Order of Prohibition.

 NATIONAL CREDIT UNION ADMINISTRATION
 
 
 

By:    __________________________                _____8/3/99________
        Allan H. Meltzer                                                               Date
        Associate General Counsel
 
 

_____________________________                    _____7/12/99______
Randy Wayne Bell                                                                    Date
 
 
 
 

(Notary Seal)                         ________________________
                                                                Notary Public
 
 

My Commission expires: ________________________