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Closed Board Meeting April 21, 2009

Board Action Bulletin

​The Board voted unanimously to uphold the decision of the Asset Management and Assistance Center denying an insurance claim arising from the liquidation of Cambria Federal Credit Union.

The Board voted unanimously to uphold the decision of the Asset Management and Assistance Center denying a creditor claim arising from the liquidation of Norlarco Credit Union.

The Board voted unanimously to uphold the decision of the Asset Management and Assistance Center denying five dividend claims arising from the liquidation of N&W Poca Division Federal Credit Union.

The NCUA Board unanimously approved modifying and extending the Temporary Corporate Credit Union Share Guarantee Program.

The NCUA Board unanimously approved an Order permitting waivers for corporate credit unions capital requirements under Part 704 subject to the terms and conditions set forth in the Order.

The NCUA Board considered four supervisory matters that remain confidential at this time.


Prepared by the Office of Public and Congressional Affairs