Category Archives: National Credit Union Administration

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Jan. 24, 2014) – The Administrator of the Kansas Department of Credit Unions today placed Parsons Pittsburg Credit Union into conservatorship and named the National Credit Union Administration as agent to handle the credit union’s day-to-day operations.  Parsons Pittsburg is a Kansas-chartered, federally insured […]

Board Action Bulletin Assets of CAMEL Code 3, 4 and 5 Credit Unions Fall for 10th Straight Quarter ALEXANDRIA, Va. (April 18, 2013) –  The National Credit Union Administration (NCUA) Board convened its fourth scheduled open meeting of 2013 at the agency’s headquarters here today. The Board received updates on the performance of the National […]

Board Action Bulletin The NCUA Board voted unanimously to uphold the decision of the Asset Management and Assistance Center and deny a creditor claim appeal arising from the liquidation of Hmong American Federal Credit Union. The NCUA Board voted unanimously to uphold the decision of the Asset Management and Assistance Center and deny a creditor […]

Board Action Bulletin The NCUA Board unanimously approved a Request for Consent under Section 205(d) of the Federal Credit Union Act. The NCUA Board unanimously approved upholding Region II’s denial of Scranton Times Downtown Federal Credit Union’s request for a waiver of the loans to one borrower limit in Section 723.8 of NCUA’s Rules and […]

Credit Union Stays Open and Operating with Normal Member Services; Member Deposits Also Remain Federally Insured up to $250,000 Alexandria, Va. (May 4, 2011) – The National Credit Union Administration (NCUA) today placed Valued Members Federal Credit Union of Jackson, Mississippi, into conservatorship.  Valued Members Federal Credit Union remains open and operating. While continuing normal […]

Board Action Bulletin NCUA Guaranteed Notes classify as low-risk assets The NCUA Board approved an interim final rule amending the definition of low-risk assets to add “debt instruments unconditionally guaranteed by the National Credit Union Administration” under Section 702.104(d) of NCUA Rules & Regulations. The revision will ensure NCUA Guaranteed Notes (NGNs) receive a zero […]

Board Action Bulletin National Credit Union Share Insurance Fund report   NCUA’s Chief Financial Officer reported the Fund’s reserve balance totaled $726.1 million February 28, 2010, with $1.5 million charged to insurance loss expense thus far in 2010.   February 2010 ended with an NCUSIF equity ratio of 1.23 percent based on the amount of […]

Board Action Bulletin NCUA Developing Multi-Year Plan to Combat Cyberthreats ALEXANDRIA, Va. (Oct. 24, 2019) – The National Credit Union Administration Board held its ninth open meeting of 2019 at the agency’s headquarters today and unanimously approved two items: A proposed rule amending the agency’s chartering and field-of-membership regulations in accordance with an August 2019 […]

$4 Million in Loans and $800,000 in Grants Available to Support Members, Communities ALEXANDRIA, Va. (March 31, 2020) – Federally insured, low-income-designated credit unions can request grants and loans from the National Credit Union Administration to assist members, businesses, and communities experiencing economic hardships due to the COVID-19 pandemic. “The COVID-19 pandemic will affect federally […]

ALEXANDRIA, Va. (May 26, 2020) – During an on-demand webinar released today by the National Credit Union Administration, credit unions will get valuable information on the regulatory and legislative enhancements made to the Central Liquidity Facility. This approximately 40-minute webinar is available on the agency’s website (opens new window). Participants should allow pop-ups from this […]