01-0739 / August 2001
Officials Conflict of Interest
Frankovitch, Anetakis, Colantonio & Simon
337 Penco Road
Weirton, West Virginia 26062-3828
Re: Officials Conflict of Interest.
Dear Mr Anetakis:
You have asked if a realtor who, from time to time, performs loan appraisals on federal credit union loans with the fee paid by the borrower, is prohibited from serving as a member of the federal credit union’s education committee. The answer is yes. Enclosed is a June 17, 1999, letter from Sheila Albin (opens new window), Associate General Counsel to Mike Davis, Chairman of UAARK Federal Credit Union that provides further information regarding this issue.
Sheila A. Albin
Associate General Counsel