Closed Board Meeting - January 25, 2018 | National Credit Union Administration

January 2018

Closed Board Meeting - January 25, 2018

The NCUA Board accepted the appointment as liquidating agent of First Jersey Credit Union, and approved the purchase and assumption of the credit union’s assets and liabilities by USALLIANCE Federal Credit Union.

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."