Closed Board Meeting July 21, 2016 | National Credit Union Administration

July 2016

Closed Board Meeting July 21, 2016

Board Action Bulletin

The NCUA Board approved the merger of First Carolina Corporate Credit Union and Mid-Atlantic Corporate Federal Credit Union.

The NCUA Board also considered a supervisory matter, 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, 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."