WHEREAS, Coleen Szymczak has executed a Stipulation and Consent to

Issuance of Order of Prohibition, which is accepted and approved by the National

Credit Union Administration Board; and

WHEREAS, Coleen Szymczak, 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. Coleen Szymczak is an institution-affiliated party in that she is the former

manager of the Fourth Supervisory District Employees Federal Credit Union, Westfield,

New York.

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. Coleen Szymczak is prohibited from participating in any manner in the

conduct of the affairs of any federally insured credit union and any other institution

defined in 12 U.S.C. §1786(g)(7).

4. This Order of Prohibition shall be effective on the date it is issued.

By Delegated Authority

_______________________________________

Rick L. Ravine

Acting Regional Director, Region I

DATE ISSUED: November 16, 1998

IN THE MATTER OF

COLEEN SZYMCZAK,

Former manager of No. 98-1101-I

FOURTH SUPERVISORY DISTRICT EMPLOYEES

FEDERAL CREDIT UNION

Westfield, NY

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

counsel, and Coleen Szymczak, the former manager of Fourth Supervisory School

District Federal Credit Union, Westfield, NY, 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 Coleen Szymczak

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

Szymczak 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 her.

2. Jurisdiction.

(a) Coleen Szymczak 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 institution-affiliated party. Therefore, Coleen Szymczak is subject to

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

prohibition proceedings against her.

3. Consent. Coleen Szymczak, without making any admission of fault, consents

to the issuance by the National Credit Union Administration Board of the accompanying

Order of Prohibition. She further agrees to comply with its terms upon issuance and

stipulates that the Order complies with all requirements of the law. Execution of this

Stipulation and Consent by Coleen Szymczak does not constitute an admission of any

violation of the Federal Credit Union Act, or any other statute regulation, right, duty or

obligation for any purpose whatsoever.

4. Waivers. Coleen Szymczak waives her 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). She further waives her 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 Coleen Szymczak, execute this

Stipulation and Consent to Issuance of Order of Prohibition.

NATIONAL CREDIT UNION ADMINISTRATION

By: _______________________ _______________

Paul T. Sosnowski Date

Trial Attorney

Office of General Counsel

_________________________ _______________

Coleen Szymczak, former manager Date

Fourth Supervisory School District

Federal Credit Union

(Notary Seal) ____________________

Notary Public

My Commission expires _________________