Category Archives: National Credit Union Administration

$125,000 in Grants Available; Applications Due Between May 1 and June 30 ALEXANDRIA, Va. (April 27, 2020) – Small, low-income credit unions designated as minority depository institutions may apply for mentoring grants from May 1 through June 30, the National Credit Union Administration announced today. “Rural and underserved communities will be especially hard hit by […]

(June 26, 2020) WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance (opens new window). The Interagency Questions and Answers, which provide information addressing technical flood insurance-related compliance issues, were last updated in 2011. The agencies are proposing new questions and answers for inclusion in […]

Credit Union Will Work to Promote Financial Inclusion and Independence ALEXANDRIA, Va. (Aug. 18, 2020) – The National Credit Union Administration announced today that it granted a federal charter and National Credit Union Share Insurance Fund coverage to Growing Oaks Federal Credit Union in Goldsby, Oklahoma. “It is always inspiring to see people in a […]

Agency Now Accepting Comments and Budget Briefing Presentation Requests ALEXANDRIA, Va. (Nov. 13, 2020) – The National Credit Union Administration’s draft staff budget for 2021–2022 is now available on the agency’s website for review and comment and has been submitted for publication in the Federal Register (opens new window). The public comment period is open […]

Board Action Bulletin NCUA Board Adopts Changes Reflected in Industry Recommendations ALEXANDRIA, Va. (June 20, 2013) – The National Credit Union Administration (NCUA) Board convened its sixth scheduled open meeting of 2013 at the agency’s headquarters here today. The Board unanimously approved: A final rule updating the regulation of loan participations for all federally insured […]

ALEXANDRIA, Va. (March 25, 2021) – Federally insured credit unions can get valuable information on Bank Secrecy Act and anti-money laundering compliance during a National Credit Union Administration webinar scheduled for April 14. Online registration for the webinar, “Bank Secrecy Act Update,” is now open (opens new window). The webinar is scheduled to begin at […]

New Credit Union Will Focus on Wealth-Building Opportunities for the Underserved ALEXANDRIA, Va. (July 6, 2021) – The National Credit Union Administration has granted a federal charter and National Credit Union Share Insurance Fund coverage to Community First Fund Federal Credit Union in Lancaster, Pennsylvania. “Supporting underserved communities and providing capital for community development is at the […]

Credit Unions Provide Education Services to More than 104 Million Members WASHINGTON, D.C. (Nov. 6, 2019) – Credit unions can play an important role in helping more Americans save and build stronger financial futures by providing financial education and expanding access, National Credit Union Administration Chairman Rodney E. Hood said today. “If we are to […]

Board Action Bulletin ALEXANDRIA, Va. (Sept. 19, 2019) – The National Credit Union Administration Board held its eighth open meeting of 2019 at the agency’s headquarters today and approved three items: A final rule allowing federal credit unions to offer an additional payday alternative loan option to members. A final rule to clarify the agency’s […]

Board Action Bulletin ALEXANDRIA, Va. (June 20, 2019) – The National Credit Union Administration Board held its sixth open meeting of 2019 at the agency’s headquarters today and approved one item: A proposed rule delaying the effective date of the agency’s risk-based capital rule to Jan. 1, 2022. RBC Delay Would Give More Time for […]