Administrative Order: In the Matter of Joan P. Brown

NOTICE OF PROHIBITION

WHEREAS on or about May 20, 2021, Joan P. Brown (“Brown”) was sentenced on the charges of: Theft, Embezzlement, Abstraction of Funds by Credit Union Agent, 18 U.S.C. § 657, and False Credit Entries in Credit Union Records, 18 U.S.C. § 1006 in United States District Court, Eastern District of Pennsylvania, in connection with her employment at Service Center for Credit Unions, Inc.

WHEREAS 18 U.S.C. § 657 and 18 U.S.C. § 1006 are criminal offenses 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), Brown 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 Brown 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 “Judgment in a Criminal Case” United States of America v. Joan P. Brown, Case No: 2:19CR000501-001 (May 20, 2021), is made a part hereof and is incorporated by reference.

ISSUED this 23rd day of July, 2021.

NATIONAL CREDIT UNION ADMINISTRATION