In the Matter of     
      
                       ROBERT C. PADDOCK,

NCUA Docket No. 99-1102-I         

        FINAL ORDER OF PROHIBITION

        WHEREAS respondent Robert C. Paddock ("Respondent"),  former manager of  St.

Elizabeth's Hospital Federal Credit Union, charter no. 15316, formerly located in Utica, New

York ("the Credit Union"), was an "institution-affiliated party" of that credit union, as defined by

12 U.S.C. §1786(r);

        WHEREAS on July 21, 1997, Respondent pled guilty to a single felony count of theft of

money from a credit union, 18 U.S.C. §2113(b), as charged in a criminal information stating

that he "reduced the amount of certain indebtedness on the books of the Credit Union without

having received the corresponding payments, and increased the amount of indebtedness on certain

delinquent loan balances I order to obtain cash from the Credit Union, [and] then took away the

cash, rather than providing it to the individuals whose indebtedness has been increased on the

records of the Credit Union."     See Plea Agreement filed Aug. 19, 1997, at §3.4;

        WHEREAS a violation of 18 U.S.C. §2113(b) is a crime involving dishonesty or beach of

trust which is punishable by imprisonment for a term exceeding one year under federal law;

        WHEREAS on February 24, 1998, Respondent was convicted of a single felony count of

theft of money from a credit union, 18 U.S.C. §2113(b), and was sentenced for that offense to a

term of six (6) months in prison, followed by supervised release for a period of three (3) years;

150 hours of community service; ordered to pay restitution in the amount of $10,000.00.  See

"Judgment In A Criminal Case," United States v. Paddock, Criminal Action No. 97-CR-279

 (N.D.N.Y.);

        WHEREAS the NCUA Board finds that Respondent's service to or participation in the

conduct of the affairs of a federally-insured credit union may pose a threat to the interests of the

members of such credit union or may threaten to impair public confidence in such credit union;

and

        WHEREAS the NCUA Board has delegated authority to Regional Directors of the NCUA

to issue an Order on its behalf when such Order is based upon a criminal conviction.

        NOW, THEREFORE, IT IS HEREBY ORDERED that:

        1.       Robert C. Paddock is prohibited from participating in any manner in the conduct

of the affairs of any federally-insured credit union, and from continuing or commencing to hold

any office, or participate in any manner, in the conduct of the affairs of any insured depository

 institution; any institution treated as an insured bank under 12 U.S.C. §1818(b)(3) or (4), or as

a savings association under 12 U.S.C. §1818(b)(8); any insured institution chartered under 12

U.S.C. §2001 et seq.; any appropriate Federal depository institution regulatory agency; the

Federal Housing Finance Board and any Federal home loan bank; and the Resolution Trust

Corporation.  See 12 U.S.C. §1786(g)(7)(A);

        2.      The "Judgment In A Criminal Case" against Robert C. Paddock in United States v.

 Paddock, Criminal Action No. 97-CR-279 (N.D.N.Y.), is made a part hereof and is incorporated

 herein by reference; and

        3.      This Final Order of Prohibition shall be effective and enforceable on the date of set forth

below.

Opportunity for Hearing

        Pursuant to 12 U.S.C. §1786(i)(3), you may request in writing, within 30 days of service

 of this Order, a hearing to present evidence and argument that your 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 such credit union's members or threaten to impair public confidence in such credit

 union.  See 12 C.F.R. §747.306 et seq.  The NCUA Board will consider the criteria set forth at 12

C.F.R. §747.311.

        A request for a hearing must state with particularity the relief desired, the grounds

therefor, and must include, when available, supporting evidence.  The request must be sent to:

Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria,

Virginia 22314-3428.

        IT IS SO ORDERED this 15 day of November 1999.

                                                  NATIONAL CREDIT UNION
                                                  ADMINISTRATION BOARD


                                                  By:____________________________
                                                             ANTHONY LACRETA
                                                             Acting Regional Director
                                                             NCUA Region I 

     

CERTIFICATE OF SERVICE

I hereby certify that on this 17th day of November 1999, I caused one copy of the
foregoing "Final Order of Prohibition" and attached "Judgment In A Criminal Case" to be
served by U.S. Mail, certified return receipt requested, upon:

                                        George Aney, Esq.
                                        Dolgeville Road
                                        Little Falls, NY 13365
 
 

                                                                        ___________S__________________
                                                                        Steven W. Widerman
                                                                        Trial Attorney
                                                                        Office of General Counsel