Hastily Called Closed-Door NCUA Board Meeting Signals Conservatorship
The NCUA Board announced Thursday it will meet Friday in a closed-door session that will presumably give the green light to a conservatorship action.
The agenda for the noon meeting, posted online, said the board will consider “supervisory activities” at the meeting at its Alexandria, Va., headquarters but provided no details.
The NCUA has not yet seized a credit union in 2013. On Dec. 28, 2012, the NCUA announced it would liquidate the $259 million Chetco FCU of Harbor, Ore., effective Dec. 31.