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 […]
Category Archives: National Credit Union Administration
Metsger: “We Will Carefully Weigh All Points of View” on Stabilization Fund
Board Member Addresses NASCUS on Closure, Mergers Rule, Reorganization SAN DIEGO, Ca. (Aug. 31, 2017) – National Credit Union Administration Board Member Rick Metsger today reminded credit unions of the Sept. 5 deadline for submitting comments on the proposed plan to close the Temporary Corporate Credit Union Stabilization Fund and make a Share Insurance distribution […]
Closed Board Meeting – May 25, 2017
Board Action Bulletin The NCUA Board considered a Supervisory Review Committee Appeal, and two Supervisory Actions. All three items remain confidential at this time. NCUA tweets all open Board meetings live. Follow @TheNCUA (opens new window) on Twitter, and access Board Action Memorandums and NCUA rule changes at www.ncua.gov. NCUA also live streams, archives and […]
NCUA: Q4 2016 Credit Union System Financial Performance Data Now Available
ALEXANDRIA, Va. (March 6, 2017) – The National Credit Union Administration today released the new credit union system financial performance figures based on Call Report data submitted to and compiled by the agency for the quarter ending Dec. 31, 2016. NCUA makes detailed credit union system performance data available on its Credit Union and Call […]
NCUA’s Employee Satisfaction Rating Improves in “Best Places to Work” Report
Strong Ratings for Teamwork, Effective Supervisor Leadership, Skills Matching ALEXANDRIA, Va. (Dec. 19, 2016) – The National Credit Union Administration showed improvement in several important areas of employee satisfaction in the Partnership for Public Service’s 2016 “Best Places to Work” report (opens new window). “People do their best work when they like their work and […]
NCUA Posts Detailed Information on Securities Litigation and Recoveries
ALEXANDRIA, Va. (Oct. 20, 2016) – The National Credit Union Administration today posted a new webpage with detailed information about recoveries from the NCUA Board’s lawsuits against the banks and securities firms that sold faulty securities to five corporate credit unions, which later failed. The new webpage, available here, includes a summary of the litigation […]
NCUA: Credit Unions Have Flexibility to Assist Louisiana Flood Victims
Agency Working to Ensure Access to Services; Deposits Remain Insured ALEXANDRIA, Va. (Aug. 25, 2016) – After the worst U.S. natural disaster since Super Storm Sandy in 2012, the National Credit Union Administration is continuing to work with federally insured credit unions in Louisiana to help them better serve flood victims and ensure continuity of […]
NCUA Encourages Comments on Exam, Supervision Changes by Aug. 1
ALEXANDRIA, Va. (June 14, 2016) – Credit union stakeholders interested in the National Credit Union Administration’s efforts to modify supervision and examination procedures should submit comments by Aug. 1, the agency announced today. “NCUA is on a fast track to update its examination and supervision procedures, and we want the input from as many people […]
Metsger Appointed NCUA Chairman
ALEXANDRIA, Va. (May 2, 2016) – President Barack Obama has appointed National Credit Union Administration Board Vice Chairman Rick Metsger to be the ninth Chairman of the NCUA Board. Metsger succeeds Board Chairman Debbie Matz, whose tenure ended April 30. “I deeply appreciate the trust President Obama has placed in me,” Metsger said, “and I […]
NCUA Board Provides Credit Unions More Flexibility in Bank Note Investments
Board Action Bulletin 2015 Stabilization Fund Performance Positive as Treasury Borrowings Shrink ALEXANDRIA, Va. (March 24, 2016) – The National Credit Union Administration Board held its third open meeting of 2016 at the agency’s headquarters here today and unanimously approved two items: A final rule to provide greater flexibility and regulatory relief for federal credit […]