ALEXANDRIA, Va. (12/17/14)--Sperry Associates FCU, Garden City Park, N.Y., has successfully corrected operational deficiencies cited by the National Credit Union Administration in a 2010 Letter of Understanding and Agreement (LUA).
The NCUA announced Tuesday that it has terminated its LUA with $263 million-asset Sperry, and confirmed that the action indicates the credit unions has corrected all the issues named.
Those corrections addressed:
The NCUA's published LUAs are available online. They also are available for inspection at NCUA's Office of General Counsel between 9 a.m. and 4 p.m. (ET) Monday through Friday or by writing to the NCUA at 1775 Duke St., Alexandria, VA 22314-3428.