Administrative Order: In the Matter of Teresa Boulware Hyler

NOTICE OF PROHIBITION

WHEREAS on or about August 31, 2020, Teresa Boulware Hyler (“Hyler”) was sentenced on the charge of Embezzlement, VA Code Ann. § 18.2-111, a charge to which she previously pleaded guilty, in the Danville Circuit Court of Virginia, in connection with her employment at Beacon Credit Union, Inc.;

WHEREAS a violation of VA Code Ann. § 18.2-111 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), Hyler 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 Hyler 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. A copy of the case disposition document, Case No. CR20000697-00, is made a part hereof and is incorporated herein by reference; and

ISSUED this 17^th day of November, 2020.

NATIONAL CREDIT UNION ADMINISTRATION