Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (June 17, 2016) – The National Credit Union Administration (NCUA) yesterday returned control of the Arrowhead Central Credit Union to its members. The largest credit union in California’s Inland Empire became the first credit union since 2007 to emerge from NCUA conservatorship. “This is an extraordinary success story resulting from an extraordinary effort,” said […]

Board Action Bulletin   Board Also Proposes Extending Low-Income Designation Deadline to 90 Days ALEXANDRIA, Va. (Oct. 18, 2012) – The National Credit Union Administration (NCUA) Board convened its sixth open meeting in 2012 at the agency’s headquarters here today and unanimously approved two items: A proposed rule to extend the deadline for credit unions […]

Board Action Bulletin Board also Finalizes Interest Rate Risk Rule, Proposes Derivatives for Credit Unions to Hedge Interest Rate Risk ALEXANDRIA, Va. (Jan. 26, 2012) – The National Credit Union Administration (NCUA) Board convened its first open meeting of 2012 at the agency’s headquarters here today and unanimously approved three items:  A proposed rule and […]

Board Action Bulletin The NCUA Board unanimously approved placing BCT Federal Credit Union of Binghamton, New York into conservatorship under Section 206(h)(1) of the Federal Credit Union Act. The NCUA tweets all open Board meetings live. Follow @TheNCUA (opens new window) on Twitter, and access Board Action Memorandums and NCUA rule changes at www.ncua.gov. The […]

NCUA Liquidates Constitution Corporate Federal Credit Union  ALEXANDRIA, Va. (November 19, 2010) — NCUA has announced that on November 30, 2010, Constitution Corporate Federal Credit Union (Constitution) will be liquidated. Constitution was placed into conservatorship by the NCUA Board on September 24, 2010, as part of the agency’s overall corporate resolution efforts. Liquidation is the next […]

Board Action Bulletin National Credit Union Share Insurance Fund report   NCUA’s Chief Financial Officer reported the Fund’s reserve balance totaled $726.7 million March 31, 2010, with $7.1 million charged to insurance loss expense thus far in 2010.   March 2010 ended with an NCUSIF equity ratio of 1.26 percent based on the amount of […]

Agency Reminds Credit Unions to be Aware of Changes to Certification Rules ALEXANDRIA, Va. (Oct. 7, 2019) – The National Credit Union Administration has extended the deadline for federally insured, low-income credit unions that want to become certified Community Development Financial Institutions to apply for qualification to use the agency’s streamlined CDFI certification process. The […]

ALEXANDRIA, Va. (March 26, 2020) – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification beginning March 29. The intake period closes May 31. The NCUA’s online program guide (opens new window) has all the […]

ALEXANDRIA, Va. (May 19, 2020) – The National Credit Union Administration took a significant step in making the agency a more inclusive organization with the launch of its new Culture, Diversity, and Inclusion Council. “For the NCUA to carry out its mission effectively, every staff member should be respected, and diversity and inclusion should be […]

(July 1, 2020) – The members of the Federal Financial Institutions Examination Council (FFIEC) today highlighted the risks that will result from the transition away from LIBOR, and encouraged supervised institutions to continue their efforts to transition to alternative reference rates in order to mitigate financial, legal, operational, and consumer protection risks. The financial services […]