Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (March 16, 2016) – Photos, charts, information graphics and other imagery from the National Credit Union Administration are now available on the agency’s official Flickr account, launched today. NCUA’s Flickr page is available online [link no longer available]. Users can browse more than 150 images highlighting the agency’s leadership, history, cybersecurity products, charitable […]

ALEXANDRIA, Va. (Jan. 29, 2016) – The National Credit Union Administration has issued six orders in January prohibiting the following individuals from participating in the affairs of any federally insured financial institution: Tara Chambers, a former employee of Sears Spokane Employees Federal Credit Union in Spokane, Washington, pleaded guilty to the charges of theft and […]

NCUA Risk-Based Capital Rule Report Includes Legislative Recommendations ALEXANDRIA, Va. (Nov. 23, 2015) – With the National Credit Union Administration’s risk-based capital rule now finalized, credit unions would benefit from changes Congress could make in the Federal Credit Union Act, the agency said. NCUA today delivered a report (opens new window) to the House Financial […]

Member Deposits Protected up to $250,000 by Share Insurance Fund ALEXANDRIA, Va. (Sept. 24, 2015) – The National Credit Union Administration today liquidated SWC Credit Union of Tampa, Florida. Member deposits are federally insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, […]

Member Deposits Protected up to $250,000 by the Share Insurance Fund ALEXANDRIA, Va. (April 30, 2015) – The National Credit Union Administration today liquidated TLC Federal Credit Union of Tillamook, Oregon. Fibre Federal Credit Union of Longview, Washington, immediately assumed TLC Federal Credit Union’s members, shares, loans and certain other assets and liabilities. Fibre is […]

Board Action Bulletin The NCUA Board unanimously denied a share insurance appeal arising out of the liquidation of Taupa Lithuanian Credit Union. 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. NCUA also live streams, archives and posts videos […]

Member Deposits Protected up to $250,000 by the Share Insurance Fund ALEXANDRIA, Va. (June 28, 2013) – The National Credit Union Administration (NCUA) today liquidated Ochsner Clinic Federal Credit Union of New Orleans, La. ASI Federal Credit Union of Harahan, La., immediately assumed Ochsner Clinic Federal Credit Union’s members, deposits and loans. The new ASI Federal […]

Member Deposits Protected up to $250,000 and Consumer Service Hotline Open ALEXANDRIA, Va. (Nov. 30, 2012) – The Vermont Department of Financial Regulation today closed the Border Lodge Credit Union of Derby Line, Vt., and appointed the National Credit Union Administration (NCUA) as liquidating agent.   Border Lodge Credit Union member deposits are federally insured […]

Board Action Bulletin Equity Transfer to Corporate Stabilization Fund Will Reduce Future Assessments   ALEXANDRIA, Va. (March 15, 2012) – The National Credit Union Administration (NCUA) Board convened its second open meeting of 2012 at the agency’s headquarters here today and received an update on the performance of the National Credit Union Share Insurance Fund […]

Member Deposits Insured up to $250,000, Member Services Uninterrupted ALEXANDRIA, Va. (June 24, 2011) – The National Credit Union Administration (NCUA) today assumed control of service and operations at O.U.R. Federal Credit Union of Eugene, Ore.  While continuing normal member services, NCUA will work to resolve issues affecting the institution’s safety and soundness. Deposits at […]