MEMORANDUM OF UNDERSTANDING BETWEEN BUREAU OF FEDERAL CREDIT UNIONS, CENTRAL INTELLIGENCE AGENCY, AND NORTHWEST FEDERAL CREDIT UNION (CHARTER NO. 5603)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00357R000700130016-8
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 9, 2016
• Document Release Date: July 10, 2000
• Sequence Number: 16
• Publication Date: February 1, 1965
• Content Type: MEMO

Approved For Release 20QW08116 : CIA-RDP82-00357R00070013QQ,16-8
'.,s_T MORANDU i ~~Nt3 l : ''ANDING
i33UREAU O ; EDL' RAI. C 1JIT UNIONS, CUNT A4L
INTEI,LIGENC1 AGEN`Y, AND INORTIIWE 'T z E;DERAL
1- 14 1. 4
Because e;f t e su h: tantial iuvolveaxent of many members of Northwest
ti ederal Cre it Unionn in matte~~s having significant effect t':pod thenational
security, informal understanding: iu.4L been in effect for a nu.nthrer of year:. by
which the Bureau of Federal Credit Unions, in the interest of su;.;porting the.
Central Intelligence A. ;envy's need to shield such ifformation., has subordinated:
some of its nort7'al Prerogatives and statutory responsibilities as the Supervising
authority of Federal credit unions with respect to the Northwest Federal Credit
Union.
it ap,i.; fors t iat the trite '#: tf> of CL?isy B CU, and the member., of the
Northwest Federal Credit Union now re quire a delineation of the areas of
respor s u)iiity to be a.s :un ed by i ?e three organizations as they relate both to
the credit union and to each other.
The major limitation im c sc d u; on the Bureau of e.a'ra ic:'.s that verifications have ;seen
ii.ade are dcc'eme sec scary by the I lircas of F?ederal ~i re {it Jnion i,
c.ertificacion to this effect will be provided by eithe the credit union
: ui`tCI vi Or ' t.c ,o7 ttee or the Agency.
Approved For Release 2000/08/16 : CIA-RDP82-00357R000700130016-8
 Approved For Release 20008/16 : CIA-RDP82-00357R000700130 -8
N
?. la or,! r tint c aa. inatio.is or other Contacts with the
credit unit ie by rh'-' Burecu of 'eti'eral Unions shall be on a
~r ;,riUe hry is, and without "ior notice'. to the dredit union operating
stall, the Eurea.: ~--taff ti,lill be itoii-,ediately escorted to the credit
Lmion by a ii; rn of the Agency's security st