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Closed Board Meeting December 14, 2011

Board Action Bulletin

The NCUA Board unanimously approved a Request for Consent under Section 205(d) of the Federal Credit Union Act.

The NCUA Board unanimously approved upholding Region II’s denial of Scranton Times Downtown Federal Credit Union’s request for a waiver of the loans to one borrower limit in Section 723.8 of NCUA’s Rules and Regulations.
The NCUA Board unanimously approved the merger of Treasure State Corporate Credit Union into Kansas Corporate Credit Union. 
The NCUA Board unanimously approved awarding Catalyst Corporate Federal Credit Union (Catalyst) of Plano, Texas, the exclusive right to acquire Western Bridge Corporate Federal Credit Union (Western Bridge) of San Dimas, Calif.
The NCUA Board considered five supervisory matters that remain confidential at this time.
The NCUA Board considered one personnel matter that remains confidential at this time

Prepared by the Office of Public and Congressional Affairs