Flood v. Veghts

MEMORANDUM OPINION AND ORDER

ALESIA, District Judge.

Plaintiffs, the subscribers and sponsor of a proposed credit union, applied for federal share insurance from the National Credit Union Administration (“NCUA”). The application before the NCUA was first considered and rejected by the NCUA’s Regional Director, Nicholas Veghts. Plaintiffs then sought reconsideration. The Regional Director did reconsider and again denied the application. Thereupon, the plaintiffs appealed to the NCUA Board. This time the Board issued a final denial. Plaintiffs now seek judicial review of the agency’s action.

In an…