Category Archives: National Credit Union Administration

Board Action Bulletin Board extends 18-percent loan interest rate ceiling The NCUA Board voted to extend the 18-percent interest rate ceiling on loans made by federal credit unions (FCUs) through September 10, 2012. The ceiling applies to all FCU lending except originations under the short-term small-dollar program, where payday alternative loans can be made under […]

Board Action Bulletin The NCUA Board considered a supervisory matter that remains confidential at this time. The 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. The NCUA also live streams, archives and posts videos of open Board meetings […]

Kaiser Lakeside Credit Union Placed into Liquidation; SafeAmerica Credit Union ALEXANDRIA, Va. (August 31, 2009) – The National Credit Union Administration (NCUA) today was appointed liquidating agent of Kaiser Lakeside Credit Union (Kaiser Lakeside) of Oakland, California by the California Department of Financial Institutions (DFI). Immediately following appointment as liquidating agent of Kaiser Lakeside, NCUA […]

Federal financial institution regulators and state regulators today encouraged financial institutions to meet the financial needs of customers and members affected by the coronavirus.  The agencies recognize the potential impact of the coronavirus on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their […]

$125,000 in Grants Available; Applications Due Between May 1 and June 30 ALEXANDRIA, Va. (April 27, 2020) – Small, low-income credit unions designated as minority depository institutions may apply for mentoring grants from May 1 through June 30, the National Credit Union Administration announced today. “Rural and underserved communities will be especially hard hit by […]

(June 26, 2020) WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance (opens new window). The Interagency Questions and Answers, which provide information addressing technical flood insurance-related compliance issues, were last updated in 2011. The agencies are proposing new questions and answers for inclusion in […]

Credit Union Will Work to Promote Financial Inclusion and Independence ALEXANDRIA, Va. (Aug. 18, 2020) – The National Credit Union Administration announced today that it granted a federal charter and National Credit Union Share Insurance Fund coverage to Growing Oaks Federal Credit Union in Goldsby, Oklahoma. “It is always inspiring to see people in a […]

Agency Now Accepting Comments and Budget Briefing Presentation Requests ALEXANDRIA, Va. (Nov. 13, 2020) – The National Credit Union Administration’s draft staff budget for 2021–2022 is now available on the agency’s website for review and comment and has been submitted for publication in the Federal Register (opens new window). The public comment period is open […]

Board Action Bulletin NCUA Board Adopts Changes Reflected in Industry Recommendations ALEXANDRIA, Va. (June 20, 2013) – The National Credit Union Administration (NCUA) Board convened its sixth scheduled open meeting of 2013 at the agency’s headquarters here today. The Board unanimously approved: A final rule updating the regulation of loan participations for all federally insured […]

ALEXANDRIA, Va. (March 25, 2021) – Federally insured credit unions can get valuable information on Bank Secrecy Act and anti-money laundering compliance during a National Credit Union Administration webinar scheduled for April 14. Online registration for the webinar, “Bank Secrecy Act Update,” is now open (opens new window). The webinar is scheduled to begin at […]