Scheme: 
NCUABDAP0001
Case Type Number: 
4
Statute (Common Name): 
Federal Credit Union Act
Program Area: 
Banking/Financial Services
Legal Authorities (Statute/Exec. Order): 
12 USC 1766(b)(1)
Regulatory Authorities (CFR): 
12 CFR 747 Subpart E, 741.213
Filed By: 
Federal Agency
Brief Description of Case Type: 
The NCUA may initiate proceedings to revoke the charter of a solvent Federal credit union and place it into involuntary liquidation if the credit union has violated its charter, bylaws, the Federal Credit Union Act, or regulations.
Relief Available in Actions Filed by Agency: 
Deregistration/Delisting
Verified by Agency: 
Not verified