Administrative Order: In the Matter of Samuel Davalos, Jr.
MyPoint Credit Union
NOTICE OF PROHIBITION
WHEREAS on or about November 12, 2019, Samuel Davalos, Jr. (“Davalos”) was sentenced on the charge of Bank Fraud, 18 U.S.C. § 1344, a charge to which he previously pleaded guilty in connection with his employment at MyPoint Credit Union;
WHEREAS a violation of 18 U.S.C. § 1344 is a criminal offense involving dishonesty and breach of trust;
NOW, THEREFORE, YOU ARE HEREBY NOTIFIED THAT:
- Pursuant to 12 U.S.C. § 1785(d)(1)(A) and 12 U.S.C. § 1829(a)(1)(A), Davalos 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;
- 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 Davalos to engage in any conduct or continue in any relationship prohibited in paragraph 1 above;
- 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;
- The “Judgment in a Criminal Case” document, Case No. 3:19-CR-02267-LAB, is made a part hereof and is incorporated herein by reference; and
ISSUED this 21st day of January, 2020.
NATIONAL CREDIT UNION ADMINISTRATION
Rob F. Robine
NCUA Office of General Counsel