Administrative Order: In the Matter of Kyle T. Erisman

NOTICE OF PROHIBITION

WHEREAS on or about September 20, 2020, Kyle T. Erisman (“Erisman”) was sentenced on the charge of Embezzlement from a Credit Union, 18 U.S.C. § 657, a charge to which he pleaded guilty, in the United States District Court, District of Alaska, in connection with his employment at True North Federal Credit Union;

WHEREAS a violation of 18 U.S.C. § 657 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), Erisman 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 Erisman 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” document, Docket No. 1:19-CR-00003-01, is made a part hereof and is incorporated herein by reference; and

ISSUED this 22nd day of January, 2021.

NATIONAL CREDIT UNION ADMINISTRATION