Closed Board Meeting - September 16, 2015 | National Credit Union Administration

September 2015

Closed Board Meeting - September 16, 2015

Board Action Bulletin

The NCUA Board approved the conservatorship of Bethex Federal Credit Union, Bronx, New York.

The NCUA Board approved acceptance of the appointment as conservator of Montauk Credit Union, located in New York, New York.

The NCUA Board considered a two other supervisory matters that remain 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, 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."