NOTICE OF PROHIBITION
WHEREAS on or about January 24, 2020, Schantol Martenque Collins (“Collins) was convicted of the charge of Embezzlement*, Miss. Code Ann. § 97-23-19, a charge to which she previously pleaded guilty, in the Circuit Court of Rankin County, Mississippi, in connection with her employment at Members Exchange Credit Union;
WHEREAS a violation of Miss. Code Ann. § 97-23-19 is a criminal offense involving dishonesty and breach of trust;
NOW, THEREFORE, YOU ARE HEREBY NOTIFIED THAT:
- Pursuant to 12 U.S.C. § 1785(d)(1)(A) and 12 U.S.C. § 1829(a)(1)(A), Collins 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;
- 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 Collins to engage in any conduct or continue in any relationship prohibited in paragraph 1 above;
- 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;
- The “Judgment of Conviction” document, Case No. 30697, is made a part hereof and is incorporated herein by reference; and
ISSUED this 10th day of October, 2020.
NATIONAL CREDIT UNION ADMINISTRATION
Rob F. Robine
NCUA Office of General Counsel
* Corrected for accuracy.