Closed Board Meeting - August 2, 2018
The NCUA Board issued a Notice of Charges against Alan S. Kaufman, former CEO of Melrose Credit Union.
The NCUA Board also considered two other supervisory matters, which remain confidential at this time.
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.
Office of Public & Congressional Affairs
Ben C. Hardaway
"Protecting credit unions and the consumers who own them
through effective regulation"