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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.

The NCUA tweets all open Board meetings live. Follow @TheNCUA on Twitter, and access Board Action Memorandums and NCUA rule changes at The NCUA also live streams, archives and posts videos of open Board meetings online.

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 account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At, NCUA also educates the public on consumer protection and financial literacy issues.


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9/25/2018 11:22 AM