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Administrative Order: In the Matter of Far Rockaway Postal Federal Credit Union

19-0171-ER
Administrative Order: In the Matter of Far Rockaway Postal Federal Credit Union
First Name
Far Rockaway Postal Federal Credit Union
Last Name
N/A
Relationship
Far Rockaway Postal Federal Credit Union
Institution
Far Rockaway Postal Federal Credit Union
City
Far Rockaway
State
New York
Year
2019
Docket Number
19-0171-ER

ORDER OF ASSESSMENT OF CIVIL MONEY PENALTY

WHEREAS, Far Rockaway Postal Federal Credit Union, Far Rockaway, NY, executed a Stipulation and Consent to Issuance of an Order of Assessment of Civil Money Penalty (“Stipulation”), and agreed and consented to the issuance of this Order of Assessment of Civil Money Penalty (“Order”), pursuant to Section 202(a)(3) of the Federal Credit Union Act (“FCUA”), 12 U.S.C. § 1782(a)(3); and

WHEREAS, pursuant to the FCUA, the National Credit Union Administration Board (“NCUA”) has authority to issue a final Order where the Respondent consents to the issuance of such an Order.

NOW THEREFORE, IT IS ORDERED that within ten (10) calendar days of receipt of this Order, Far Rockaway Postal Federal Credit Union shall pay the sum of $304.00 by making payment to the NCUA via the www.Pay.Gov (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) website.

FURTHERMORE, all technical words or terms used in this Order have meanings defined in the FCUA, the NCUA’s Rules and Regulations, Title 12 of the United States Code, and any such words or terms undefined in the foregoing have meanings that accord with the best customs and usage in the credit union industry.

FURTHERMORE, this Order against Far Rockaway Postal Federal Credit Union incorporates the referenced Stipulation, and the Order is effective upon its issuance.

 

NATIONAL CREDIT UNION ADMINISTRATION BOARD

 

/S/


Larry Fazio
Director, Office of Examination and Insurance

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