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ALEXANDRIA, Va. (Sept. 25, 2019) – Credit unions interested in learning more about Small Business Administration loan programs can get valuable information from an October 16 webinar hosted by the National Credit Union Administration and the SBA.

Registration for the webinar, “The Big Picture of SBA Lending for Credit Unions—Part 1,” is now open (opens new window). The webinar is scheduled to begin at 2 p.m. Eastern and run approximately one hour. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow pop-ups from this website.

This will be the first of two webinars hosted by the agencies.

William Briggs, Senior Advisor in the SBA’s Office of Capital Access, and Dianna L. Seaborn, Director, SBA Office of Financial Assistance, will discuss:

• A brief history of the SBA;
• SBA benefits to the borrower and to the credit union;
• An overview of SBA programs; and
• How offering small business loans may align with your credit union’s mission.

The NCUA will provide live Twitter updates on @TheNCUA. Participants can submit questions over Twitter anytime during the presentation and in advance by emailing [email protected]. The email’s subject line should read, “SBA Lending for Credit Unions – Part 1.” Please email technical questions about accessing the webinar to [email protected]. This webinar will be closed captioned and archived online approximately three weeks following the live event.

In April, the NCUA and the U.S. Small Business Administration announced a three-year collaborative effort to bring small businesses and credit unions together and expand awareness about SBA programs.

NCUA’s Office of Credit Union Resources and Expansion supports low-income-designated credit unions and credit unions interested in a low-income designation; minority credit unions; credit unions seeking changes in their charters, bylaws, or fields of membership; and groups organizing to start new credit unions.

ALEXANDRIA, Va. (Sept. 30, 2019) – The National Credit Union Administration issued five prohibition notices and two prohibition orders in September. These seven individuals are prohibited from participating in the affairs of any federally insured financial institution.

• Richard Fortney, a former institution-affiliated party of Mid East Tennessee Community Credit Union in Decatur, Tennessee, agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against him.
• Connie Marie Kent, a former employee of Topeka Post Office Credit Union (now 1^st Kansas Credit Union) in Topeka, Kansas, pleaded guilty to the charge of embezzlement.
• Jamelah Y. Martinez, a former employee of Suncoast Credit Union in Tampa, Florida, pleaded guilty to the charge of conspiracy to commit bank fraud.
• Jenifer M. Nelson, a former employee of Baker’s Federal Credit Union in Omaha, Nebraska, pleaded guilty to the charge of attempted theft.
• Teresa Ann Perkins, a former employee of Community United Federal Credit Union in Waycross, Georgia, pleaded guilty to the charge of theft, embezzlement or misapplication of funds.
• Jasmine Marie Santos, a former institution-affiliated party of People’s Alliance Federal Credit Union in Hauppauge, New York, agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against her.
• Devin S. Williams, a former employee of Suncoast Credit Union in Tampa, Florida, pleaded guilty to the charge of conspiracy to commit bank fraud.

Prohibition and administrative orders are searchable by name, institution, city, state, and year at the NCUA’s Administrative Orders webpage. The webpage also provides links to the enforcement actions of federal banking agencies against other institutions or their affiliated parties.

You may view NCUA enforcement orders online or inspect them at the NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Eastern, Monday through Friday. You also may order copies by mail from the NCUA at 1775 Duke St., Alexandria, VA 22314-3428.

ALEXANDRIA, Va. (Oct. 1, 2019) – Financial losses due to cybercrime reached $2.7 billion in 2018 (opens new window), and during National Cybersecurity Awareness Month, the National Credit Union Administration is reminding credit union industry stakeholders to remain vigilant.

“In this day and age, cybersecurity is everyone’s business,” NCUA Chairman Rodney E. Hood said. “Hackers and thieves do not rest, and the NCUA is committed to leadership in detection and response to cyber threats. We expect credit unions to take appropriate measures to protect themselves and their members, and we provide numerous information resources to help them do that job. Earlier this year, I named a special advisor, who reports directly to me, to coordinate our efforts. I hope everyone in our industry will continue working to keep our financial system, and the millions of Americans who entrust their assets to us, safe.”

Cybersecurity remains a supervisory priority for the NCUA, and the agency puts special emphasis on:

• Advancing consistency, transparency and accountability within the cybersecurity examination program;
• Encouraging due diligence for supply chain and third-party service provider management at credit unions;
• Assisting institutions with resources to improve operational hygiene and resilience; and
• Ensuring NCUA’s systems and collected controlled unclassified information is secure.

The agency maintains a cybersecurity resources webpage to provide credit unions with important information, including regulations and guidance, about protecting themselves and their members from cyber threats.

During Cybersecurity Awareness Month, the NCUA will share tips on its Facebook page (opens new window) and on Twitter (opens new window) about online security, recognizing and preventing identity theft, and what consumers can do if they fall victim to a cybercrime. The NCUA provides consumers with information on staying safe in the Be Smart Online (opens new window) section of MyCreditUnion.gov (opens new window).

National Cyber Security Awareness Month is a collaborative effort by government, non-profit, and industry stakeholders to ensure Americans have the necessary information to help them stay more secure online. The NCUA has joined the U.S. Department of Homeland Security’s efforts with the National Cyber Security Alliance’s Stay Safe Online initiative (opens new window) to raise awareness and encourage vigilance.