WASHINGTON- Treasury's Office of Foreign Asset Control recently cited Bank Fund Staff Federal Credit Union in Washington, D.C. under its Iran sanctions program. The violation, involving the "operation of Iranian accounts" from 1998-2000, resulted in a $14,000 settlement with OFAC for the $1.9 billion credit union. According to Bank Fund Staff FCU Director of Member Relations and Marketing Mary Lee Kingsley, "it was the result of a highly technical issue which we brought to the attention of the government ourselves." She added, "We do pride ourselves in following the rules of the government," and she was surprised that something so minor was picked up on. Kingsley said the transaction actually never was completed. However, "we've redoubled our already expansive efforts," she said, to prevent future issues. Because of the nature of Bank Fund Staff's field of membership, she said the credit union is probably more prepared than most.