Conservatorship: When NCUA Removes the Board & What You Need to Know

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NCUA has the authority to take what is called a conservatorship action, resulting in the credit union board of directors being removed. NCUA then wears 3 hats: insurer, regulator, and credit union operator - representing the interest of the members.

These are complicated and rare, but one happened last week, and a few happen every year. Steve, Todd, and I discuss everything you need to know about conservatorship.

https://www.linkedin.com/in/mark-treichel/