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Closed Board Meeting - February 16, 2012

Board Action Bulletin

The NCUA Board unanimously approved placing A M Community Credit Union of Kenosha, WI into conservatorship under Sections 206(h)(1)(A) and (F) of the Federal Credit Union Act.

The NCUA Board unanimously approved placing People for People Community Development Credit Union of Philadelphia, PA into liquidation under Section 207(a)(3)(A)(ii) of the Federal Credit Union Act.

The NCUA Board unanimously approved the merger of Southeast Corporate Federal Credit Union into Corporate One Federal Credit Union.

The NCUA Board considered two supervisory matters that remain 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 www.ncua.gov. 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 MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.

--NCUA--

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
Mobile: 571.438.0801
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223
bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"

9/25/2018 10:37 AM