The NCUA on Wednesday afternoon scheduled a last-minute closed board meeting for Thursday at 6 p.m. Eastern time to consider a supervisory matter, according to a release.
The meeting is closed pursuant to open meetings law exemptions that state the NCUA is not required to disclose the information contained in or related to an examination. Other exemptions cited by the agency include premature disclosure of information that would be likely to lead to significant financial speculation and information that would significantly endanger the stability of a financial insitution.
The NCUA board considered four supervisory actions during a closed board meeting Sept. 16. On Sept. 18, the regulator seized two New York City credit unions: The $178 million Montauk Credit Union and the $13 million Bethex FCU.
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