Category Archives: National Credit Union Administration

Member Deposits Insured up to $250,000, Member Services Uninterrupted ALEXANDRIA, Va. (Nov. 1, 2013) – The National Credit Union Administration today assumed control of service and operations at Mayfair Federal Credit Union in Philadelphia. Normal member services at the main office at 2844 St. Vincent St. in Philadelphia will continue uninterrupted. The credit union’s branch […]

Member Deposits Protected up to $250,000; Consumer Service Hotline Open  ALEXANDRIA, Va. (Feb. 19, 2013) – The Michigan Office of Financial and Insurance Regulation (OFIR) today liquidated Amez United Credit Union of Detroit, Mich., and appointed the National Credit Union Administration (NCUA) as liquidating agent. Amez United Credit Union members’ deposits are federally insured by […]

Member Deposits Protected up to $250,000; Member Service Continues Uninterrupted ALEXANDRIA, Va. (June 1, 2012) – The California Department of Financial Institutions placed Telesis Community Credit Union of Chatsworth, Calif., into liquidation today and appointed the National Credit Union Administration (NCUA) as liquidating agent. Premier America Credit Union of Chatsworth, Calif., immediately purchased and assumed […]

Board Action Bulletin The NCUA Board considered an appeal under Section 701.14 of NCUA’s Rules and Regulations that remain confidential at this time. The NCUA Board unanimously approved the charter for Alloya Corporate Federal Credit Union. In addition, the Board approved the merger of Members United Bridge Corporate Federal Credit Union into the newly chartered […]

Board Action Bulletin The NCUA Board unanimously approved placing Texans Credit Union of Richardson, Texas into conservatorship under Section 206(h)(1) of the Federal Credit Union Act. The NCUA Board considered two personnel matters that remain confidential at this time. The NCUA tweets all open Board meetings live. Follow @TheNCUA (opens new window) on Twitter, and […]

Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (August 3, 2010) – The National Credit Union Administration (NCUA) today placed Kappa Alpha Psi Federal Credit Union, located in Addison, Texas, into liquidation. NCUA made the decision to close Kappa Alpha Psi Federal Credit Union and discontinue its operation after determining the credit union is […]

HeritageWest Federal Credit Union Members Now Served by Chartway Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (December 31, 2009) – The National Credit Union Administration (NCUA) today liquidated HeritageWest Federal Credit Union of Tooele, Utah, and accepted Chartway Federal Credit Union’s offer to purchase and assume the credit union.   […]

Chairman Addresses CUNA Governmental Affairs Conference WASHINGTON, D.C. (Feb. 25, 2020) — In his speech today before members of CUNA, NCUA Chairman Rodney E. Hood shared his vision for financial inclusion in rural America and elaborated on the agency’s decision to sell the majority of its taxi medallion portfolio. “I understand this decision may not […]

(April 16, 2020) – The Federal Financial Institutions Examination Council (FFIEC), on behalf of its member agencies, today announced the availability of FFIEC Federal Disclosure Computational Tools, including the Annual Percentage Rate (APR) Computational Tool and the Annual Percentage Yield (APY) Computational Tool. The FFIEC member agencies collaborated to develop the Federal Disclosure Computational Tools, […]

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (June 11, 2020) – The National Credit Union Administration today placed Southern Pine Credit Union in Valdosta, Georgia, into conservatorship. This action was taken in consultation with the Georgia Department of Banking and Finance. Member deposits at Southern Pine Credit Union remain protected […]