Category Archives: National Credit Union Administration

Board Action Bulletin The NCUA Board unanimously approved the creation of a Loss Share Pilot Program as a potential option for resolving large, complex problem credit unions at the lowest cost to the National Credit Union Share Insurance Fund. The NCUA Board voted unanimously to uphold the decisions of the Asset Management and Assistance Center […]

Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (April 27, 2010) – The National Credit Union Administration (NCUA) today liquidated Tracy Federal Credit Union (Tracy FCU) of Tracy, California, and accepted Modesto, California, based Valley First Credit Union’s offer to purchase and assume the credit union. Valley First Credit Union purchased and assumed Tracy […]

ALEXANDRIA, Va. (Oct. 11, 2019) – National Credit Union Administration Chairman Rodney E. Hood today welcomed the Consumer Financial Protection Bureau’s final rule providing regulatory relief to smaller financial institutions under the Home Mortgage Disclosure Act. “This is positive news for small credit unions,” Hood said. “Regulators need to stay mindful of the reporting burdens […]

(March 25, 2020) – The Federal Financial Institutions Examination Council continues to monitor and respond to the COVID-19 pandemic to promote the ongoing ability of the nation’s financial institutions to support the households and businesses that depend on them. FFIEC members, who met as a group yesterday, are actively discussing and identifying appropriate measures, both […]

(May 20, 2020) – The federal financial institution regulatory agencies today issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers’ short-term credit needs. The Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency recognize the important […]

ALEXANDRIA, Va. (July 1, 2020) – Data on the financial performance of federally insured credit unions for the quarter ending March 31, 2020, are now available (opens new window) from the National Credit Union Administration. The NCUA’s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing […]

ALEXANDRIA, Va. (Sept. 14, 2020) – Credit unions in the path of Tropical Storm Sally are advised to take precautions as the storm intensifies in the Gulf of Mexico, the National Credit Union Administration said today. “Credit unions in the path of Tropical Storm Sally should to take measures to protect their staff and secure […]

ALEXANDRIA, Va. (Dec. 4, 2020) – Data on the financial performance of federally insured credit unions for the quarter ending September 30, 2020, are now available (opens new window) from the National Credit Union Administration. The NCUA’s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing […]

WASHINGTON (Feb. 25, 2021) – The Federal Financial Institutions Examination Council (FFIEC) today released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual). Today’s updates affect the following Manual sections: Introduction – Assessing Compliance with Bank Secrecy Act Regulatory Requirements Customer Identification Program Currency Transaction Reporting Transactions of Exempt Persons The updates should […]

NCUA Releases Credit Union System Performance Data ALEXANDRIA, Va. (June 4, 2021) – According to the latest financial performance data released today by the National Credit Union Administration, federally insured credit unions reported net income growth of $11.3 billion, or 134.9 percent, over the year ending in the first quarter of 2021. The increase in […]