ORDER OF ASSESSMENT OF CIVIL MONEY PENALTY
WHEREAS, CHEROKEE STRIP CREDIT UNION, PONCA CITY, OK, executed a Stipulation and Consent to Issuance of an Order of Assessment of Civil Money Penalty (“Stipulation”), and agreed and consented to the issuance of this Order of Assessment of Civil Money Penalty (“Order”), pursuant to Sections 202(a)(3) and 206(k)(2) of the Federal Credit Union Act (“FCUA”), 12 U.S.C. §§ 1782(a)(3) and 1786(k)(2); and
WHEREAS, pursuant to the FCUA, the National Credit Union Administration Board (“NCUA”) has authority to issue a final Order where the Respondent consents to the issuance of such an Order.
NOW THEREFORE, IT IS ORDERED that within ten (10) calendar days of the date of this Order, CHEROKEE STRIP CREDIT UNION shall pay the sum of $1,298.00 by making payment to the Department of Treasury through This is an external link to a website belonging to another federal agency, private organization, or commercial entity. www.Pay.Gov (Opens new window) .
FURTHERMORE, all technical words or terms used in this Order have meanings defined in the FCUA, Title 12 of the United States Code, and the NCUA’s Rules and Regulations, Title 12 of the United States Code of Federal Regulations, and any such words or terms undefined in the foregoing have meanings that accord with the best customs and usage in the credit union industry.
FURTHERMORE, this Order against CHEROKEE STRIP CREDIT UNION incorporates the referenced Stipulation, and the Order is effective upon its issuance.
NATIONAL CREDIT UNION ADMINISTRATION BOARD
By:
/s/
Kelly Lay
Director, Office of Examination and Insurance
Dated: 11/12/2024