Closed Board Meeting - May 4, 2011

May 2011
Closed Board Meeting - May 4, 2011

Board Action Bulletin

The NCUA Board unanimously approved placing Valued Members Federal Credit Union of Jackson, Mississippi into conservatorship under Section 206(h)(1) of the Federal Credit Union Act.

The NCUA Board unanimously approved placing Hmong American Federal Credit Union of St. Paul, Minnesota into conservatorship under Section 206(h)(1) of the Federal Credit Union Act.

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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, 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."

Last modified on
05/13/19