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Closed Board Meeting July 16, 2009

Board Action Bulletin

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

The NCUA Board unanimously approved modifications to Chevron Federal Credit Union’s Part 703 Investment Pilot Program.

The Board unanimously approved the merger of E1 Financial Credit union into NuVision Federal Credit Union.

The Board unanimously approved placing New Hope Community Development Federal Credit Union into conservatorship.

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

Prepared by the Office of Public and Congressional Affairs