Category Archives: National Credit Union Administration

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 […]

The members of the Federal Financial Institutions Examination Council (FFIEC) today emphasized that examiners understand how management of banks and other regulated entities, including depository financial institutions, nonbank financial institutions, bank holding companies, and third-party service providers, have prepared their operations to avoid disruptions and to recover services. The updated Business Continuity Management booklet focuses […]

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 5,683 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. Released today are loan-level HMDA data covering 2018 lending activity that were submitted on […]

Accounts Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (May 17, 2019) – The New York State Department of Financial Services today took possession of Municipal Credit Union, located in New York City, and appointed the National Credit Union Administration as conservator. Member deposits at Municipal Credit Union remain protected by the National […]

WASHINGTON—Five federal regulatory agencies issued a joint final rule (opens new window) to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 requiring regulated institutions to accept certain private flood insurance policies in addition to National Flood Insurance Program policies. The rule, which takes effect July 1, 2019: Implements the Biggert-Waters Act requirement […]

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 […]

The NCUA Board issued a Notice of Charges against Alan S. Kaufman, former CEO of Melrose Credit Union. The NCUA Board approved the merger of Preferred Community Bank into Achieva Credit Union. The NCUA Board approved the merger of Bay Ridge Federal Credit Union into Island Federal Credit Union. Related posts: FFIEC Issues New Customer […]

ALEXANDRIA, Va. (March 20, 2018) – The National Credit Union Administration today released its 2017 Annual Report (opens new window), highlighting the agency’s activities, policy initiatives and accomplishments for 2017. “In 2017, we took a number of significant steps to strengthen the credit union system and to improve the NCUA’s efficiency, effectiveness, transparency, and accountability,” […]

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Dec. 15, 2017) – The National Credit Union Administration today placed Louisville Metro Police Officers Credit Union, in Louisville, Kentucky, into conservatorship. Member deposits at Louisville Metro Police Officers Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the […]

ALEXANDRIA, Va. (Sept. 20, 2017) – The National Credit Union Administration Board has re-scheduled its September closed meeting. The September closed meeting will be held Wednesday, Sept. 27, beginning at 4 p.m. Eastern. The September open meeting will still be held Thursday, Sept. 28, beginning at 10 a.m. Eastern. Both meetings were originally scheduled for […]