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CORPORATE AUTHORIZATION RESOLUTION Saco Form

CORPORATE AUTHORIZATION RESOLUTION Saco Form

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NCUA SEGMENT ONE >>>DEBBIE MATZ: I'm Debbie Matz, Chairman of the Board of the National Credit Union Administration. Thank you for viewing this, the first in a series of DVDs created by NCUA. These videos are intended to explain, in simple terms, the evolution and the eventual resolution of the crisis that has recently enveloped the corporate credit union system. At NCUA, we recognize that the complexities of this situation have often been difficult to grasp, even for many of you who are familiar with the internal workings of the corporate system. So we've designed this series of videos to help you understand the history of the corporates, their impact, and most importantly, how we plan to resolve their issues. At NCUA, we have taken pragmatic steps to stabilize the corporate system. The important services that corporate credit unions provide have continued without disruption for consumer credit unions and their 90 million members. Maintaining the c

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