Administrative Order: In the Matter of Ryan L. Baum

NOTICE OF PROHIBITION

WHEREAS on or about July 16, 2019, Ryan L. Baum (“Baum”) was sentenced on the charge of Petit Larceny, P.L. § 155.25, a charge to which he plead guilty, in the New York City Criminal Court for Queens County, in connection with his employment at Northeastern Operating Engineers Federal Credit Union;

WHEREAS a violation of P.L. § 155.25 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), Baum 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 Baum 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 “Certificate of Disposition” document, Docket No. CR-014299-19QN, is made a part hereof and is incorporated herein by reference; and

ISSUED this 30^th day of April, 2020.

NATIONAL CREDIT UNION ADMINISTRATION BOARD