Administrative Orders

Administrative Orders are formal enforcement orders issued by the NCUA pursuant to Section 206 of the Federal Credit Union Act (FCUA) (12 U.S.C. § 1786). Generally, the NCUA issues Administrative Orders when it finds that a credit union or persons affiliated with a credit union have violated a law, rule or regulation, breached a fiduciary duty, or engaged in an unsafe or unsound practice.

The three most common orders issued by the NCUA include:

• An Order to Cease and Desist, which requires a party to take action (or refrain from taking action), including making restitution; 
• An Order or Notice of Prohibition, which prohibits a party from ever working for a federally insured financial institution; and 
• An Order Assessing Civil Money Penalties.

Prior to the issuance of an Administrative Order, the Federal Credit Union Act provides due process rights, which include the ability to have an administrative hearing before the Office of Financial Institution Adjudication, and to appeal the agency's decision to issue an order to the U.S. Circuit Court of Appeals.

Enforcement actions against other institutions or their affiliated parties can be found at the website of the institution's primary federal regulator:

• FDIC:  https://orders.fdic.gov/s/searchform (opens new window)
• OCC:  http://apps.occ.gov/EnforcementActions/ (opens new window)
• Federal Reserve Board:  http://www.federalreserve.gov/apps/enforcementactions/search.aspx (opens new window)