NCUA Terminates Letter of Understanding and Agreement with Valley Pride

July 2014

ALEXANDRIA, Va. (July 2, 2014) – The National Credit Union Administration announced today that it has terminated its Published Letter of Understanding and Agreement, dated June 11, 2013, with Valley Pride Federal Credit Union of Plains, Pennsylvania.

NCUA’s Published Letters of Understanding and Agreement are available online and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Eastern, Monday through Friday. Copies are also available by writing to the National Credit Union Administration, 1775 Duke St., Alexandria, VA 22314-3428.

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."