Closed Board Meeting – March 27, 2019 | National Credit Union Administration

March 2019

Closed Board Meeting – March 27, 2019

The NCUA Board approved the involuntary liquidation of CBS Employees Federal Credit Union and its purchase and assumption by University 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."