Private NCUA Board meeting hints at conservatorship

Yesterday, the NCUA Board announced that it will meet today in a closed-door session that will probably give approval for a conservatorship action, according to the Credit Union Times.

The agenda said the board will discuss “supervisory activities” at the meeting, but it didn’t provide any more details.

At the end of December, the NCUA announced that it would liquidate the $259 million Chetco FCU in Oregon. Click here to read more.