Administrative Order: In the Matter of Doretha Denise Steward

NOTICE OF PROHIBITION

WHEREAS on or about February 5, 2018, Doretha Denise Steward (“Steward”) was sentenced to two counts on the charge of Embezzlement, N.C. Gen. St. § 14-90, a charge to which she previously pleaded guilty, in the State of North Carolina’s Cumberland County General Court of Justice in the 12^th Prosecutorial District, in connection with her employment at Fayetteville Postal Credit Union;

WHEREAS a violations of N.C. Gen. St. § 14-90 is a criminal offense involving dishonesty and breach of trust;

NOW, THEREFORE, YOU ARE HEREBY NOTIFIED THAT:

1. Pursuant to 12 U.S.C. § 1785(d)(1)(A) and 12 U.S.C.  § 1829(a)(1)(A), Steward is prohibited from becoming an “institution affiliated party” of any insured depository institution, as defined in 12 U.S.C. § 1786(r); otherwise participating, directly or indirectly, in the conduct of the affairs of any insured depository institution; and owning or controlling, directly or indirectly, any insured depository institution;
2. Pursuant to 12 U.S.C. § 1785(d)(1)(B) and 12 U.S.C. § 1829(a)(1)(B), no insured depository institution may permit Steward to engage in any conduct or continue in any relationship prohibited in paragraph 1 above;
3. Pursuant to 12 U.S.C. § 1785(d)(3) and 12 U.S.C. § 1829(b), whoever knowingly violates paragraph 1 or 2 above is subject to a fine of not more than $1 million for each day such prohibition is violated, or imprisonment for not more than five (5) years, or both;
4. The “Judicial Findings” document, Case No. 17CRS001697, is made a part hereof and is incorporated herein by reference; and

ISSUED this 6^th day of August, 2019.

NATIONAL CREDIT UNION ADMINISTRATION