Skip to main content
United States flag An official website of the United States government
Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
Show

Administrative Order: In the Matter of Shannon N. Smith

19-0152-SR
Administrative Order: In the Matter of Shannon N. Smith
First Name
Shannon
Last Name
Smith
Relationship
Former employee
Institution
Appalachian Community Federal Credit Union
City
Gray
State
Tennessee
Year
2019
Docket Number
19-0152-SR

NOTICE OF PROHIBITION

WHEREAS on or about October 20, 2017, Shannon N. Smith, (“Smith”) was sentenced on the charge of Theft of Property Over $10,000, Tenn. Code Ann. § 39-14-103, in the Criminal Circuit Court for Hawkins County, for the Third Judicial District of Tennessee, in connection with her employment at Appalachian Community Federal Credit Union;

WHEREAS a violation of Tenn. Code Ann. § 39-14-103 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), Smith 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 Smith 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 the Criminal Circuit Court For Hawkins County, Tennessee” document, Case No. CC17CR24, is made a part hereof and is incorporated herein by reference; and

ISSUED this 11th day of July, 2019.

NATIONAL CREDIT UNION ADMINISTRATION

/S/


Rob F. Robine
Trial Attorney
NCUA Office of General Counsel

Last modified on