Category Archives: National Credit Union Administration

For Immediate Release: March 22, 2018 The members of the Federal Financial Institutions Examination Council (FFIEC) today announced an update on its Examination Modernization Project that was undertaken as a follow-up to the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). The objective of the project is to identify and […]

For Immediate Release: September 28, 2017 The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data cover 2016 lending activity and […]

March 19, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today placed into conservatorship Tracy Federal Credit Union of Tracy, California. The action was taken to preserve member assets and ensure uninterrupted credit union service. Member funds are federally insured by the National Credit Union Share Insur ance Fund up to at least […]

Members Now Served by Western Federal Credit Union ALEXANDRIA, Va. (February 4, 2011) — The National Credit Union Administration (NCUA) today was appointed liquidating agent of Oakland Municipal Credit Union of Oakland, by the California Department of Financial Institutions (DFI); and Western Federal Credit Union of Manhattan Beach, California, immediately purchased and assumed Oakland Municipal’s assets, […]

Board Action Bulletin Stabilization Fund Assessment Set The NCUA Board approved a 13.4 basis point assessment on federally insured credit unions to repay the $1.5 billion in outstanding borrowed funds in the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) on September 30, 2010.     The Stabilization Fund legislation established a process for attaining funds […]

Members Now Served by America First FCU Members Accounts are Safe and Federally Insured; Members Accounts are Safe and Federally Insured ALEXANDRIA, Va. (August 12, 2009)  — The National Credit Union Administration (NCUA) yesterday closed Community One Federal Credit Union of Las Vegas, Nevada, and authorized the purchase and assumption (P&A) of its assets and […]

(March 12, 2020) –The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Tennessee Department of Financial Institutions, collectively the agencies, recognize the serious impact of tornadoes in Tennessee on the customers and operations of many […]

ALEXANDRIA, Va. (April 30, 2020) – In a letter, National Credit Union Administration Chairman Rodney E. Hood today urged the Financial Accounting Standards Board to exempt credit unions from complying with the current expected credit losses methodology, or CECL. “I believe the compliance costs associated with implementing CECL overwhelmingly exceed the benefits,” Chairman Hood wrote. “Even before […]

(June 24, 2020) – The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2019 mortgage lending transactions at 5,508 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive publicly available information […]

Register Now to Learn About Opportunities in Community Development ALEXANDRIA, Va. (Aug. 25, 2020) – Credit unions can learn more about potential collaborations with NeighborWorks America during an upcoming webinar hosted by the National Credit Union Administration. Online registration is now open (opens new window) for the webinar, “Partnering with NeighborWorks.” The webinar is scheduled […]