Administrative Order: In the Matter of Jorge Navarro

NOTICE OF PROHIBITION

WHEREAS on September 15, 2022, Jorge Navarro (“Navarro”) was sentenced in United States District Court, Middle District of North Carolina in Case No. 1:21-CR-446-1, on one count of Misapplication and Embezzlement from a Credit Union, 18 U.S.C. § 657, and one count of Uttering Counterfeit United States Currency, 18 U.S.C. § 472, in connection with his employment at URW Community Federal Credit Union.

WHEREAS the Court sentenced Navarro to a total of 87 months imprisonment (87 months on Count One and 87 months on Count Two to run concurrently), five years supervised release, and ordered $628,600.43 in restitution.

WHEREAS violations of 18 U.S.C. §§ 657 and 472 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), Navarro 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 Navarro 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 Jorge Navarro, Case No. 1:21-CR-446-1, issued September 15, 2022, is made a part hereof and incorporated by reference.

ISSUED this 15^th day of December, 2022.

NATIONAL CREDIT UNION ADMINISTRATION