Category Archives: National Credit Union Administration

Member Deposits Protected to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Oct. 1, 2018) – The National Credit Union Administration on Sept. 30 liquidated LOMTO Federal Credit Union of Woodside, New York. Teachers Federal Credit Union, of Hauppauge, New York, assumed LOMTO’s members and most shares as well as some loans and other assets. Teachers Federal […]

ALEXANDRIA, Va. (June 19, 2018) – The video recording of the May 24, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s website. Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year. At the May open meeting, […]

ALEXANDRIA, Va. (March 5, 2018) – Data on the financial performance of federally insured credit unions in the quarter ending Dec. 31, 2017, are now available from the National Credit Union Administration. NCUA makes detailed credit union system performance data available on its Credit Union and Call Report Data webpage, including Call Report quarterly summaries […]

Board Action Bulletin New, Simpler Methodology Yields 61.5 Percent Overhead Transfer Rate ALEXANDRIA, Va. (Nov. 16, 2017) – The National Credit Union Administration Board held its tenth open meeting of 2017 at the agency’s headquarters here today and unanimously approved three items: Operating, capital, and Share Insurance Fund budgets for 2018 and 2019 to fund […]

ALEXANDRIA, Va. (Sept. 5, 2017) – Credit unions in the path of Hurricane Irma are being advised to take precautions as the storm bears down on the Virgin Islands, Puerto Rico, and the U.S. mainland, the National Credit Union Administration said today. Hurricane Irma is currently a Category 5 storm, with sustained winds of 180 […]

Joint Release: Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For Immediate Release: May 31, 2017 WASHINGTON—Responding to concerns over the limited availability of state-certified and -licensed appraisers, particularly in rural areas, the Board of Governors of the Federal Reserve […]

Agency Receives Awards for Innovation and Website in Annual Charity Campaign ALEXANDRIA, Va. (March 6, 2017) – JeanMarie Komyathy, Deputy Director of the National Credit Union Administration’s Office of Small Credit Union Initiatives, was honored for the second time as a Hero of the Year by the Combined Federal Campaign of the National Capital Area. […]

ALEXANDRIA, Va. (Dec. 21, 2016) – Twenty-four federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the second quarter of 2016 have consented to penalties totaling $9,364, the National Credit Union Administration announced today. In the second quarter of 2015, 14 credit unions consented to penalties. Individual penalties ranged […]

Features Include Improved Format, Searchable Content and Updated Guidance ALEXANDRIA, Va. (Oct. 21, 2016) – The National Credit Union Administration today launched the online Examiner’s Guide (opens new window), a new, interactive tool on www.ncua.gov for examiners that provides up-to-date, comprehensive supervisory guidance on key regulatory and supervisory issues affecting the credit union system. “Providing […]

Learn How to Identify and Cultivate Partnerships to Help Your Credit Union Grow ALEXANDRIA, Va. (Aug. 29, 2016) – Credit unions seeking to build community partnerships to offer more products and services can get valuable information in an upcoming webinar hosted by the National Credit Union Administration. The 90-minute webinar, “High-Impact Community Partnerships,” will be […]