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Administrative Order: In the Matter of Alan S. Kaufman

18-0074-ER (CBM)
Administrative Order: In the Matter of Alan S. Kaufman
First Name
Last Name
Former Institution Affiliated Party
Melrose Credit Union
New York
Docket Number
18-0074-ER (CBM)


WHEREAS, Respondent Alan S. Kaufman (“Respondent” or “Kaufman”) was an employee of Melrose Credit Union, an “insured credit union” as that term is defined in the Federal Credit Union Act (the “Act”), 12 U.S.C. § 1786(r);

WHEREAS, on or about July 10, 2019, Kaufman was charged with the commission of several crimes in the United States District Court for the Southern District of New York, in Case No. 19-CR-504 (LAK);

WHEREAS, a true and correct copy of the “Sealed Indictment” document (which has been unsealed), in Case No. 19-CR-504 (LAK), is attached hereto as Exhibit “A” and is incorporated herein by reference for all purposes;

WHEREAS, the crimes charged against Kaufman (and his co-defendant) relate to Kaufman’s activities while Kaufman was the Chief Executive Officer, Treasurer, and a Board Member of Melrose Credit Union, and include inter alia Conspiracy to Commit Bribery, 18 U.S.C. § 371, and Bribery, 18 U.S.C. §§ 215(a)(1) & 215(a)(2), in relation to a financial institution;

WHEREAS, the crimes of , 18 U.S.C. § 371, and Bribery, 18 U.S.C. §§ 215(a)(1) & 215(a)(2), in relation to a financial institution are crimes involving dishonesty and breach of trust, each of which is punishable by imprisonment for a term exceeding one year;

WHEREAS, the National Credit Union Administration Board (“NCUAB”) through its Regional Director has determined that participation by Kaufman may threaten to impair public confidence in any credit union; and

WHEREAS, pursuant to 12 U.S.C. § 1786(i), the NCUAB has authority to issue a Notice of Prohibition where these conditions exist.

NOW THEREFORE, pursuant to 12 U.S.C. § 1786(i)(1)(A), the NCUAB issues this Notice prohibiting Kaufman from further participation in the affairs of any credit union without the prior written consent of the NCUAB, and Kaufman is prohibited from otherwise participating, directly or indirectly, in any manner in the conduct of the affairs of any credit union.



Jane A. Walters
Regional Director
Eastern Region

Dated: August 7, 2019

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