The federal credit union regulator’s board – which consists solely of its chairman, Kyle Hauptman – held a closed meeting Tuesday on what was listed as a board appeal, according to information on the agency’s website.
The National Credit Union Administration (NCUA), in the listing of its closed board meeting for 10 a.m. Tuesday, cited “exemption 8” in keeping the particulars of the meeting nonpublic. NCUA’s rules of board procedure show exemption 8 pertains to “information contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of Federal agencies responsible for the regulation or supervision of financial institutions.”
Individual credit unions may appeal a number of matters, including examinations, to the agency’s board for a final determination.
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