Category Archives: National Credit Union Administration

Chairman Joins Roundtable on Building Sustainable Local Economies GLENN DALE, Md. (Nov. 8, 2019) – Credit unions should be allowed to make the most of their resources to help small businesses and local economies grow and thrive, National Credit Union Administration Chairman Rodney E. Hood said today. “Financial institutions like credit unions provide the oxygen […]

Agency Chairman Speaks to NAFCU Congressional Conference WASHINGTON, D.C. (Sept. 10, 2019) – The success of the credit union system rests on credit unions and the National Credit Union Administration working together, NCUA Chairman Rodney E. Hood said today. “The industrialist Henry Ford once observed that, ‘coming together is a beginning; keeping together is progress; […]

ALEXANDRIA, Va. (May 29, 2019) – Online registration (opens new window) is open for a June 18 webinar discussing updates to the flood insurance rule (opens new window). The webinar, hosted by the National Credit Union Administration and four other federal financial regulatory agencies, is scheduled to begin at 2 p.m. Eastern and run approximately […]

ALEXANDRIA, Va. (Feb. 28, 2019) – The National Credit Union Administration issued one prohibition order in February. This individual is prohibited from participating in the affairs of any federally insured financial institution. Deborah N. Peters, a former institution-affiliated party of Wilkes-Barre City Employees Federal Credit Union in Wilkes-Barre, Pennsylvania, agreed and consented to the issuance […]

McWatters—Investing in Fundamentals: Cybersecurity, Access, Human Capital ALEXANDRIA, Va. (Oct. 31, 2018) – The National Credit Union Administration has awarded $2 million in grants to help 203 low-income credit unions improve digital services and security, increase outreach to underserved communities, and train employees. “These are investments in fundamentals: protecting credit unions and their members, expanding […]

ALEXANDRIA, Va. (Aug. 17, 2018) – The National Credit Union Administration has selected Matthew J. Biliouris as the Director of the Office of Consumer Financial Protection in the NCUA Headquarters. Matt has been serving as the Acting Director of the Office of Consumer Financial Protection and previously served as the office’s Deputy Director. The Office […]

The Federal Financial Institutions Examination Council (FFIEC) members today issued a joint statement to describe matters that financial institutions should consider if they are determining whether to use cyber insurance as a component of their risk management programs. The FFIEC members do not require financial institutions to maintain cyber insurance. The evolving cyber insurance market […]

ALEXANDRIA, Va. (Dec. 22, 2017) – Thirty-nine federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the second quarter of 2017 have agreed to  penalties totaling $10,150, the National Credit Union Administration announced today. A list of credit unions filing late in the second quarter of 2017 and agreeing […]

Board Action Bulletin Estimated Distribution $600 Million to $800 Million; Share Insurance Fund Normal Operating Level Set at 1.39 Percent ALEXANDRIA, Va. (Sept. 28, 2017) – The National Credit Union Administration Board held its seventh open meeting of 2017 at the agency’s headquarters here today and unanimously approved three items: A plan to close the […]

ALEXANDRIA, Va. (June 27, 2017) – President Donald J. Trump has designated Acting National Credit Union Administration Board Chairman J. Mark McWatters as the tenth Chairman of the NCUA Board, effective June 23. “I thank President Trump for this honor and the trust he has placed in me,” McWatters said. “As Chairman of the NCUA, […]