Closed Board Meeting - October 23, 2014 | National Credit Union Administration

October 2014

Closed Board Meeting - October 23, 2014

Board Action Bulletin

The NCUA Board approved the issuance of a Final Agency Decision, an Order of Prohibition, and an Order Assessing a Civil Money Penalty of $15,000 against Reginald Clark.

The NCUA Board considered an appeal under Section 701.14 of NCUA’s Rules and Regulations that remains 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, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.