Closed Board Meeting - June 21, 2017

June 2017
Closed Board Meeting - June 21, 2017

The NCUA Board placed three credit unions into conservatorship: LOMTO Federal Credit Union (Woodside, NY); Riverdale Credit Union (Selma, AL); and Citizens Community Credit Union (Devils Lake, ND).

The NCUA Board also considered an appeal of denial of official, which remains confidential at this time.

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, 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."

Last modified on
05/13/19