Bricks (NC) Community Federal Credit Union Charter 01540 v. National Credit Union Administration

ORDER

MALCOLM J. HOWARD, District Judge.

This matter is before the court on the motion by National Credit Union (“NCUA”) to dismiss this action. The court conducted a “show cause” hearing on February 25, 1999, in which the NCUA was required to show cause why Bricks Community Federal Credit Union (“Bricks”) should be liquidated. After reviewing the documents of record and considering to the testimony of Alonzo Swann, regional director of NCUA, Terry Babb, principal North Carolina examiner for NCUA, Carol Aranjo, chief executive officer of a Massachusetts credit union and chairperson of the…