NCUA News Release

FOR IMMEDIATE RELEASE

National Credit Union Administration Issues Prohibition Order Against Massachusetts Credit Union Official

July 18, 2003, Alexandria, Va. – The National Credit Union Administration (NCUA) has issued an Order of Prohibition against Sean Lyonnais, former teller at Leominster Credit Union in Leominster, Mass.

Lyonnais pleaded guilty to one count of larceny of property over $250 and restitution in the amount of $19,499.75.

The NCUA order prohibits Lyonnais from further participation in any manner in the affairs of any federally insured financial institution. Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

NCUA enforcement orders can be found online at www.ncua.gov/ref/administrative_orders/administrative.html, may be inspected at NCUA’s Office of General Counsel from 9 a.m. to 4 p.m. Monday through Friday, and copies may be ordered by mail from NCUA at 1775 Duke St., Alexandria, Va. 22314-3428.

The National Credit Union Administration, governed by a three-member board appointed by the President and confirmed by the Senate, is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of more than 80 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.