Closed Board Meeting May 24, 2012 | National Credit Union Administration

May 2012

Closed Board Meeting May 24, 2012

Board Action Bulletin

The NCUA Board voted unanimously to uphold the decision of the Region V Director and deny an appeal of the Director’s disapproval under Section 701.14 of NCUA’s Rules and Regulations.

The NCUA Board considered four supervisory matters that remain confidential at this time.

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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), NCUA also educates the public on consumer protection and financial literacy issues.

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