UNITED STATES OF AMERICA
NATIONAL CREDIT UNION ADMINISTRATION Alexandria, Virginia |
In the Matter of ROBERT C. PADDOCK,Respondent. |
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