Administrative Order: In the Matter of Jennifer A. Furlong

NOTICE OF PROHIBITION

WHEREAS on or about May 22, 2019, Jennifer A. Furlong (“Furlong”) entered into entered into a pretrial diversion or similar program with respect to the charge of Third Degree Larceny, Conn. Gen. Stat. § 53a-124, in the State of Connecticut Superior Court, in connection with her employment at Groton Municipal Employees Federal Credit Union;

WHEREAS a violation of Conn. Gen. Stat. § 53a-124, 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), Furlong 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 Furlong 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 attached documents pertaining to the State of Connecticut Superior Court Case No. CA20191420241 are made a part hereof and are incorporated herein by reference; and

ISSUED this 10^th day of November, 2020.

NATIONAL CREDIT UNION ADMINISTRATION