WASHINGTON – Five Federal financial regulatory agencies today issued a joint statement on the use of alternative data in underwriting by banks, credit unions, and non-bank financial firms. The statement from the Federal Reserve Board (Federal Reserve), the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of […]
Category Archives: National Credit Union Administration
NCUA’s Hood: Federal-State Chartering and Supervision System Working Well
NCUA and NASCUS Chairmen Sign New Document of Cooperation SAN FRANCISCO (Aug. 14, 2019) – The National Credit Union Administration and state regulators are working well together to modernize the dual chartering and supervision system and reduce regulatory burdens for credit unions, NCUA Chairman Rodney E. Hood said today. “The system of regulation and supervision […]
Harper Sworn in as NCUA Board Member
ALEXANDRIA, Va. (April 8, 2019) – The Honorable Todd M. Harper took the oath of office today and joined the National Credit Union Administration as its 23rd Board member. “My priorities will be to safeguard the safety and soundness of federally insured credit unions, preserve the integrity of the credit union industry in a continually […]
Intake Period to Qualify for Streamlined CDFI Application Runs Jan. 13 to Feb. 9
ALEXANDRIA, Va. (Jan. 3, 2019) – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification from Jan. 13 through Feb. 9. The agency’s Office of Credit Union Resources and Expansion hosts a resource page with […]
McWatters: Congress Should Improve Credit Union Consumer Access, Cybersecurity
Chairman Urges Field-of-Membership Changes, Third-Party Vendor Authority ALEXANDRIA, Va. (Oct. 2, 2018) – Congress could bolster consumer access and better protect credit unions and members by making legislative changes proposed today by NCUA Board Chairman J. Mark McWatters. McWatters testified before the Senate Committee on Banking, Housing, and Urban Affairs. His oral (opens new window) […]
Field-of-Membership Rule Changes Provide More Flexibility and Consumer Choice
ALEXANDRIA, Va. (June 21, 2018) – The National Credit Union Administration Board held its sixth open meeting of 2018 at the agency’s headquarters today and unanimously approved two items: A final rule amending the agency’s regulations governing its chartering and field-of-membership rules with respect to applicants for a community charter approval, expansion, or conversion. A […]
NCUA Board Re-Schedules March Closed Meeting
ALEXANDRIA, Va. (March 7, 2018) – The National Credit Union Administration Board has re-scheduled its March closed meeting. The March closed meeting will be held Wednesday, March 14, beginning at 1:30 p.m. Eastern. The March open meeting will still be held Thursday, March 15, beginning at 10 a.m. Eastern. Both meetings were originally scheduled for […]
NCUA Awards $536,000 in Grants to Help Credit Unions Reach Underserved Members
ALEXANDRIA, Va. (Nov. 29, 2017) – Twenty-three federally insured, low-income credit unions in 17 states have been awarded $536,000 in grants to support outreach to underserved members, the National Credit Union Administration announced today. The grants, funded by the Community Development Revolving Loan Fund, will help these credit unions provide financial literacy coaching for members in […]
NCUA Awards More Than $1.8 Million in Grants
251 Low-Income Credit Unions Will Expand Services, Train Staff, Improve Security ALEXANDRIA, Va. (Sept. 5, 2017) – More than $1.8 million in grants will help 251 low-income credit unions expand digital services to underserved communities, provide leadership training, and improve cybersecurity, the National Credit Union Administration announced today. A list of grantees is available on […]
June 7 NCUA Twitter Chat Will Cover New Learning Management Service
Follow the Conversation at @TheNCUA ALEXANDRIA, Va. (June 1, 2017) – Credit unions can share their experiences using the National Credit Union Administration’s new online Learning Management Service during an #NCUAChat scheduled for Wednesday, June 7, beginning at 2 p.m. Eastern. During the chat, staff from NCUA’s Office of Small Credit Union Initiatives will be […]