Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (May 24, 2018) – Federal credit union members could have more options for short-term, small-dollar borrowing under a rule proposed today by the National Credit Union Administration Board. The proposed rule (opens new window) would create one new product in addition to the current payday loan alternative (opens new window) that has been […]

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 […]

Annual Diversity Self-Assessment Survey Now Under Way ALEXANDRIA, Va. (Oct. 24, 2017) – Credit unions can learn about the many benefits of promoting diversity in their workforces and their membership on an upcoming webinar hosted by the National Credit Union Administration. The webinar, “What, Why and How: Credit Union Diversity,” is scheduled for Thursday, Nov. […]

Streamlined Application Process Can Help Eligible Credit Unions ALEXANDRIA, Va. (Aug. 3, 2017) – The National Credit Union Administration is hosting its third and final round for credit unions to qualify to use the streamlined application for certification as community development financial institutions. In the streamlined application process, developed by the NCUA and the Community […]

ALEXANDRIA, Va. (May 3, 2017) – Qualified credit unions interested in applying for consulting assistance from the National Credit Union Administration have until May 31 to submit nominations, the agency announced today. Eligible credit unions should complete the agency’s online application form [link no longer available]. Credit unions can nominate themselves or be nominated by […]

Board Action Bulletin Share Insurance Fund Remains in Stable Position ALEXANDRIA, Va. (Feb. 23, 2017) – The National Credit Union Administration Board held its second open meeting of 2017 at the agency’s headquarters here today and unanimously approved one item: A staff recommendation to maintain until Sept. 10, 2018, the current 18-percent maximum loan interest […]

Policy Change Allows Access to One Additional Authorized Official ALEXANDRIA, Va. (Dec. 6, 2016) – Credit unions will have more flexibility to use the National Credit Union Administration’s Consumer Assistance Complaint portal, the agency announced today.  NCUA has improved its consumer complaint process to allow for expanded portal access by additional authorized credit union staff. […]

The Federal Financial Institutions Examination Council (FFIEC) will host two webinars for financial institutions in October in recognition of National Cybersecurity Awareness Month. Mobile Financial Services — Appendix E of the Retail Payment System Booklet, October 13, 2016, at 3 p.m. Eastern. The FFIEC members updated the Information Technology examination handbook on April 29 to […]

More than 300 Grants Will Support Growth, Training, Security and Internships ALEXANDRIA, Va. (July 26, 2016) – Grants totaling nearly $2.5 million will help 309 low-income credit unions expand services to underserved communities, train staff, improve cybersecurity and provide students with work experience, the National Credit Union Administration announced today. “This grant round was the […]

PURPOSE The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members1, is issuing this statement, in light of recent cyber attacks, to remind financial institutions of the need to actively manage the risks associated with interbank messaging and wholesale payment networks. Financial institutions should review their risk management practices and controls over information technology […]