Administrative Order: In the Matter of Joan P. Brown
Service Center for Credit Unions, Inc.
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:
- 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;
- 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;
- 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” 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