ALEXANDRIA, Va. (July 2, 2014) – The National Credit Union Administration announced today that it has terminated its Published Letter of Understanding and Agreement, dated June 11, 2013, with Valley Pride Federal Credit Union of Plains, Pennsylvania.
NCUA’s Published Letters of Understanding and Agreement are available online at http://www.ncua.gov/Legal/Pages/LUA.aspx and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Eastern, Monday through Friday. Copies are also available by writing to the National Credit Union Administration, 1775 Duke St., Alexandria, VA 22314-3428.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.