Category Archives: National Credit Union Administration

Board Action Bulletin The NCUA Board voted unanimously to amend Supervision Delegations of Authority, SUP 21 and SUP 42. The NCUA Board considered one supervisory matter that remains confidential at this time. The NCUA Board considered two Delegations of Authority that remain confidential at this time. The NCUA tweets all open Board meetings live. Follow […]

Members Now Served by Shreveport Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (February 25, 2010) – The National Credit Union Administration (NCUA) today liquidated Friendship Community Federal Credit Union of Clarksdale, Mississippi, and accepted Shreveport Federal Credit Union’s offer to purchase and assume the credit union. Shreveport Federal Credit Union purchased […]

ALEXANDRIA, Va. (Oct. 30, 2019) – Credit unions can get valuable information about a range of consumer protection topics on a Nov. 19 webinar hosted by the National Credit Union Administration. Registration for the webinar, “Fair Lending and Consumer Compliance Regulatory Update,” is now open (opens new window). The webinar is scheduled to begin at […]

(April 7, 2020) – The federal financial institution regulatory agencies (the agencies), in consultation with state financial regulators, issued a revised interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications. The revised statement also provides the agencies’ views on consumer protection considerations. The revised […]

ALEXANDRIA, Va. (May 28, 2020) – Credit unions can significantly bolster the entire system’s access to emergency liquidity by joining the Central Liquidity Facility, National Credit Union Administration Board Member Todd M. Harper said. “Through my experiences in working on Capitol Hill during the last financial crisis, I knew disruption in the financial markets could […]

ALEXANDRIA, Va. (July 17, 2020) – Federally insured credit unions can join a meaningful conversation on the importance of financial inclusion for persons with disabilities and the 30th Anniversary of the Americans with Disabilities Act during a webinar hosted by the National Credit Union Administration on Thursday, July 23, beginning at 2 p.m. Eastern. “As […]

Board Action Bulletin ALEXANDRIA, Va. (Oct. 15, 2020) – Using a live audio webcast, the National Credit Union Administration Board held its eighth open meeting of 2020 and unanimously approved two items: A proposed rule that would modernize the NCUA’s derivatives rule and make it more principles-based. A final rule that updates and clarifies several […]

ALEXANDRIA, Va. (Dec. 16, 2020) – Federally insured credit unions experienced double-digit asset and share-and-deposit growth over the year ending in the third quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review (opens new window). Nationally, median asset growth over the year ending in the third quarter of 2020 was 12.0 percent […]

ALEXANDRIA, Va. (Feb. 16, 2021) – The National Credit Union Administration’s four funds again earned unmodified, or “clean,” audit opinions for 2020, according to audited financial statements released today by the agency’s Office of the Inspector General. The complete 2020 financial statement (opens new window) audits are available on NCUA.gov. The financial statements, audited by […]

(May 17, 2021) – Five federal financial regulatory agencies announced today they will extend the comment period on the request for information on financial institutions’ use of artificial intelligence (AI) until July 1, 2021. The agencies are seeking information from the public on how financial institutions use AI in their activities, including fraud prevention, personalization […]