Category Archives: National Credit Union Administration

Member Deposits Protected up to $250,000; Member Service Continues Uninterrupted ALEXANDRIA, Va. (May 18, 2012) – The Wisconsin Office of Credit Unions liquidated Wausau Postal Employees Credit Union of Wausau, Wis., today and appointed the National Credit Union Administration (NCUA) as liquidating agent. NCUA immediately signed an agreement with CoVantage Credit Union of Antigo, Wis., […]

Board Action Bulletin NCUA Guaranteed Notes Oversight Plan Established; Proposed Corporate Rule to Relieve Regulatory Burden ALEXANDRIA, Va. (Aug. 29, 2011) – The National Credit Union Administration (NCUA) Board convened a special open meeting at the agency’s headquarters here today and unanimously approved three items: The 2011 Temporary Corporate Credit Union Stabilization Fund Assessment to […]

Member accounts remain federally insured, member service continues uninterrupted ALEXANDRIA, Va. (March 7, 2011) – The National Credit Union Administration (NCUA) today placed Land of Enchantment Federal Credit Union of Santa Fe, New Mexico, into liquidation; and Guadalupe Credit Union of Santa Fe, New Mexico, purchased and assumed Land of Enchantment’s assets, liabilities and members. Members […]

Board Action Bulletin The NCUA Board voted unanimously to uphold the decision of the Asset Management and Assistance Center denying a creditor claim appeal arising from the conservatorship of U.S. Central Federal Credit Union. The NCUA Board considered a supervisory matter that remains confidential at this time. The NCUA tweets all open Board meetings live. […]

Second Baptist Church Credit Union Members Now Served by Prosperity Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (October 29, 2009) – The National Credit Union Administration (NCUA) was appointed liquidating agent of the Second Baptist Church Credit Union (Second Baptist) of Los Angeles by the California Department of Financial Institutions (DFI) on […]

ALEXANDRIA, Va. (Feb. 25, 2020) – Credit unions can get valuable insights into serving low-income and underserved communities on a March 11 webinar hosted by the National Credit Union Administration’s Office of Credit Union Resources and Expansion. “Expanding access and bringing affordable financial services to more people are embedded in the credit union ethos of […]

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and […]

ALEXANDRIA, Va. (June 18, 2020) – During the Illinois Credit Union League’s Virtual Town Hall Meeting on June 11, National Credit Union Administration Board Member Todd M. Harper called on the NCUA and the credit union industry to take action to advance economic equality and justice. “Civil rights and human rights are core American values, […]

ALEXANDRIA, Va. (Sept. 15, 2020) – Federally insured credit unions saw strong asset and share-and-deposit growth over the year ending in the second 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 second quarter of 2020 was 10.0 percent, […]

ALEXANDRIA, Va. (Nov. 2, 2020) – National Credit Union Administration Chairman Rodney E. Hood announced that the NCUA Board unanimously approved the selection of Myra Toeppe as the agency’s next Director of the Office of Examination and Insurance, effectively immediately. In this role, Toeppe oversees the NCUA’s supervision and examination program that ensures the safety […]