Closed Board Meeting - November 16, 2011

Board Action Bulletin

The NCUA Board voted unanimously to grant, in part, Ohio Catholic Federal Credit Union’s appeal of Region III’s denial of its waiver request concerning regulatory limits on aggregate member business loans to associated borrowers. The Board’s decision to partially grant the waiver request was made subject to several specific conditions regarding underwriting of the loans.

The NCUA Board considered two supervisory matters that remain confidential at this time.

The NCUA tweets all open Board meetings live. Follow @TheNCUA on Twitter, and access Board Action Memorandums and NCUA rule changes at www.ncua.gov. The NCUA also live streams, archives and posts videos of open Board meetings online.