IN THE MATTER OF
Leanne Martin,
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No. 99-0901-V |
ORDER OF PROHIBITION
notified that you are prohibited from participating in any manner in the affairs of any federally insured
credit union. This prohibition results from activities you engaged in during your affiliation with Ryder
Co-Op Credit Union. This 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. This Order has been issued based upon the following
information.
You pled guilty to one count of Title 18, United States Code, Section 657, embezzlement by a
credit union employee. You were sentenced on June 10, 1999, by the U.S. District Court for
the District of North Dakota, to twelve months and 1 day of prison followed by three years
of probation and ordered to pay restitution in the amount of $101,782.62 to CUNA Mutual
Group and $13,478.46 to Ryder Co-Op Credit Union jointly with Jack Martin, your husband.
With further restitution of $23,986.76 to CUNA Mutual Group for survivor benefits provided
to account holders. A copy of the Judgment in a Criminal Case, signed June 10, 1999, is
attached to this Order as Attachment 1 and is incorporated by reference
herein.
You committed the offense which forms the basis for your conviction while you were manager
of Ryder Co-Op Credit Union, Ryder, North Dakota. At the time of your criminal actions,
Ryder Co-Op Credit Union was a federally-insured credit union.
The offense to which you pled guilty involves 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.
NOTICE OF HEARING
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 the National Credit Union
Administration's Rules and Regulations, 12 C.F.R. §747.301 et.
seq.
PENALTY FOR VIOLATION OF ORDER OF PROHIBITION
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(I) of the
Federal Credit Union Act, 12 U.S.C. §1786(I), 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 8th day of September, 1999.
National Credit Union Administration
by
/s/
J. Leonard Skiles
Regional Director, Region V
National Credit Union Administration