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BRICKS (NC) COMMUNITY FED. CREDIT v. NAT. CREDIT UNION ADMINISTRATION

No. 4:99-CV-18-H-3.

50 F.Supp.2d 509 (1999)

IN THE MATTER OF THE BRICKS (NC) COMMUNITY FEDERAL CREDIT UNION CHARTER # 01540, Plaintiff, v. NATIONAL CREDIT UNION ADMINISTRATION, Defendant.

United States District Court, E.D. North Carolina, Eastern Division.

March 16, 1999.

Attorney(s) appearing for the Case

Teresa L. Smallwood Windsor, NC, for Bricks (NC) Community Federal Credit Union Charter # 01540, Involuntary Liquidation and Merger, plaintiff.

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...

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