Closed Board Meeting - April 29, 2015 | National Credit Union Administration

April 2015

Closed Board Meeting - April 29, 2015

Board Action Bulletin

The NCUA Board approved the liquidation of TLC Federal Credit Union, Tillamook, Oregon and its purchase and assumption by Fibre Federal Credit Union, Longview, Washington.

The NCUA Board approved the conservatorship of New Bethel Federal Credit Union, Portsmouth, Virginia.

The NCUA Board considered a creditor claim appeal, which 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.