Closed Board Meeting - December 17, 2010 | National Credit Union Administration

December 2010

Closed Board Meeting - December 17, 2010

Board Action Bulletin

The NCUA Board unanimously approved placing AEA Federal Credit Union into conservatorship.

The NCUA Board considered two supervisory matters and one personnel matter that remain confidential at this time.

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The 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 (opens new window), the NCUA also educates the public on consumer protection and financial literacy issues.

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