Category Archives: National Credit Union Administration

Credit Union Stays Open and Operating with Normal Member Services; Member Deposits Also Remain Federally Insured up to $250,000 ALEXANDRIA, Va. (April 15, 2011) — The National Credit Union Administration (NCUA) today placed Texans Credit Union of Richardson, Texas, into conservatorship. Texans Credit Union remains open and operating. While continuing normal member services, NCUA will […]

Member Service Continues Uninterrupted; Deposits Federally Insured to $250,000 ALEXANDRIA, Va. (September 1, 2010) — The National Credit Union Administration (NCUA) was appointed liquidating agent of First American Credit Union of Beloit, Wisconsin, by the Wisconsin Office of Credit Unions on August 31, 2010.   NCUA immediately signed an agreement with First Community Federal Credit […]

Board Action Bulletin The NCUA Board appointed Elizabeth Whitehead Region V Director. The NCUA Board considered one supervisory matter that remains confidential at this time. 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 access […]

ALEXANDRIA, Va. (Feb. 19, 2020) – The National Credit Union Administration today announced the sale of the majority of its taxi-medallion loan portfolio to Marblegate Asset Management LLC. After thorough research and careful consideration, the NCUA determined this sale was the most appropriate action to meet its statutory obligation under the Federal Credit Union Act […]

Board Action Bulletin ALEXANDRIA, Va. (April 16, 2020) – The National Credit Union Administration Board held its third open meeting of 2020 today using a live audio webcast and approved three items: A temporary final rule granting measures of regulatory relief to help ensure that federally insured credit unions remain operational and liquid during the […]

ALEXANDRIA, Va. (June 18, 2020) – During the Illinois Credit Union League’s Virtual Town Hall Meeting on June 11, National Credit Union Administration Board Member Todd M. Harper called on the NCUA and the credit union industry to take action to advance economic equality and justice. “Civil rights and human rights are core American values, […]

Board Action Bulletin Proposed Rule to Minimize Potential Effects of CECL Methodology ALEXANDRIA, Va. (July 30, 2020) – Using a live audio webcast, the National Credit Union Administration Board held its sixth open meeting of 2020 and approved four items: A final rule amending the chartering and field-of-membership rules for credit unions applying for a […]

ALEXANDRIA, Va. (Nov. 10, 2020) – On the eve of Veterans Day, National Credit Union Administration Chairman Rodney E. Hood encouraged federally insured credit unions to help our nation’s military, veterans, and their families gain greater access to affordable credit and financial services. “I want to express my deep gratitude and sincere appreciation to our […]

ALEXANDRIA, Va. (Dec. 21, 2020) – Credit unions can learn more about the issue of human trafficking and how to spot the warning signs during a webinar hosted by the National Credit Union Administration on Thursday, January 7, at 2 p.m. Eastern. This webinar is presented in partnership with the U.S. Immigration and Customs Enforcement’s […]

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 […]