Category Archives: National Credit Union Administration

Median Asset and Deposits Growth Up, Median Delinquency Rates Down ALEXANDRIA, Va. (Sept. 10, 2015) – Median loan growth in federally insured credit unions was 4 percent during the year ending June 30, 2015, according to state-level data compiled by the National Credit Union Administration. Nationally, four-quarter median growth in assets and in shares and […]

Member Deposits Protected up to $250,000 by Share Insurance Fund ALEXANDRIA, Va. (Dec. 3, 2014) – The Michigan Department of Insurance and Financial Services today liquidated the Metropolitan Church of God Credit Union of Detroit and appointed the National Credit Union Administration as liquidating agent. Member deposits are federally insured by the National Credit Union […]

Board Action Bulletin The NCUA Board considered two supervisory matters that remain confidential at this time. The NCUA Board considered a personnel and agency practices matter that remains confidential at this time. NCUA tweets all open Board meetings live. Follow @TheNCUA (opens new window) on Twitter, and access Board Action Memorandums and NCUA rule changes […]

Member Deposits Protected up to $250,000; Consumer Service Hotline Open ALEXANDRIA, Va. (April 12, 2013) – The National Credit Union Administration (NCUA) today liquidated Shiloh of Alexandria Federal Credit Union of Alexandria, Va. NCUA made the decision to liquidate Shiloh of Alexandria Federal Credit Union and discontinue operations after determining the credit union was insolvent […]

Member Deposits Protected up to $250,000; Consumer Service Hotline Open ALEXANDRIA, Va. (Aug. 9, 2012) – The Michigan Office of Financial Insurance Regulation (OFIR) today closed United Catholic Credit Union (UCCU) of Temperance, Mich., and appointed the National Credit Union Administration (NCUA) as liquidating agent.   UCCU member deposits are federally insured by the National […]

Member Deposits Protected up to $250,000; Member Service Continues Uninterrupted ALEXANDRIA, Va. (Dec. 2, 2011) – The National Credit Union Administration (NCUA) liquidated O.U.R. Federal Credit Union of Eugene, Ore., today. Northwest Community Credit Union of Springfield, Ore., immediately purchased and assumed certain O.U.R. Federal Credit Union assets and member shares. The accounts of the […]

Board Action Bulletin The NCUA Board unanimously approved placing Valued Members Federal Credit Union of Jackson, Mississippi into conservatorship under Section 206(h)(1) of the Federal Credit Union Act. The NCUA Board unanimously approved placing Hmong American Federal Credit Union of St. Paul, Minnesota into conservatorship under Section 206(h)(1) of the Federal Credit Union Act. The […]

Board Action Bulletin The NCUA Board unanimously approved placing Members United Corporate Federal Credit Union, Southwest Corporate Federal Credit Union and Constitution Corporate Federal Credit Union into conservatorship. The NCUA Board considered four supervisory matters that remain confidential at this time. The NCUA tweets all open Board meetings live. Follow @TheNCUA (opens new window) on […]

Members Now Served by First Choice Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (March 5, 2010) – The National Credit Union Administration (NCUA) today liquidated Lawrence County School Employees Federal Credit Union (Lawrence FCU) of New Castle, Pennsylvania, and accepted New Castle, Pennsylvania, based First Choice Federal Credit Union’s offer […]

Agency Now Accepting Comments and Budget Briefing Presentation Requests ALEXANDRIA, Va. (Oct. 29, 2019) – The National Credit Union Administration’s proposed 2020–2021 budget is now available for review and comment. “Careful stewardship of the resources credit unions make available to us includes being transparent and accountable,” NCUA Board Chairman Rodney E. Hood said. “We strive […]