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Closed Board Meeting October 27, 2011

Board Action Bulletin
The NCUA Board unanimously approved placing Birmingham Financial Federal Credit Union of Birmingham, Alabama into conservatorship under Section 206(h)(1) of the Federal Credit Union Act.
 

The NCUA Board unanimously approved the merger of VACORP Federal Credit Union into Mid-Atlantic Corporate Federal Credit Union.  The approval is contingent upon the vote of the membership of VACORP.  

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

All open NCUA Board meetings are tweeted live. Follow @TheNCUA on Twitter. Board Action Memorandums are available online at www.ncua.gov under About NCUA/NCUA Board Actions/Draft Board Actions. NCUA rule changes are posted online at www.ncua.gov under Regulatory, Publications, and Reports/NCUA Regulations/Recent Final Rules.

Prepared by the Office of Public and Congressional Affairs