NCUA Offers Information, Assistance to Credit Unions Affected by Puerto Rico Earthquakes

ALEXANDRIA, Va. (Jan. 10, 2020) – In the wake of the recent earthquakes in Puerto Rico, the National Credit Union Administration will be ready to assist the seven federally insured credit unions there with maintaining or restoring operations, if necessary. “We are closely monitoring the aftermath of the recent earthquakes affecting Puerto Rico,” NCUA Chairman […]

NCUA’s 2020 Supervisory Priorities Include BSA Compliance, Consumer Protection, Cybersecurity

ALEXANDRIA, Va. (Jan. 7, 2020) – The National Credit Union Administration today issued its annual letter to credit unions listing its 2020 supervisory priorities as well as updates on regulations and the agency’s modernization programs. The full letter is available in the Letters to Credit Unions and Other Guidance section of “This is going […]

NCUA: Q3 2019 State Credit Union Data Report Now Available

ALEXANDRIA, Va. (Dec. 17, 2019) – Federally insured credit unions generally saw continued positive trends in the third quarter of 2019, according to the latest NCUA Quarterly U.S. Map Review (opens new window). Growth trends in the credit union system continued in the third quarter of 2019, though loan growth slowed from a year earlier. […]

Board Approves 2020–2021 Budgets

Board Action Bulletin Risk-Based Capital Rule Delayed; Normal Operating Level Stays at 1.38 Percent ALEXANDRIA, Va. (Dec. 12, 2019) – The National Credit Union Administration Board held its eleventh open meeting of 2019 at the agency’s headquarters today and approved two items: Operating, capital, and National Credit Union Share Insurance Fund budgets for 2020 and […]

NCUA Releases Q3 2019 Credit Union System Performance Data

ALEXANDRIA, Va. (Dec. 6, 2019) – Data on the financial performance of federally insured credit unions for the quarter ending Sept. 30, 2019, are now available (opens new window) from the National Credit Union Administration. Beginning with the third-quarter data report, the NCUA has added a new feature: a spreadsheet listing all federally insured credit […]

Federal Regulators Issue Joint Statement on the Use of Alternative Data in Credit Underwriting

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 […]

Board Approves Second-Chance Policy Changes

Board Action Bulletin NCUA Seeks Comment on Higher Real Estate Appraisal Threshold ALEXANDRIA, Va. (Nov. 21, 2019) – The National Credit Union Administration Board held its tenth open meeting of 2019 at the agency’s headquarters today and unanimously approved two items: A final interpretive ruling and policy statement to expand career opportunities for individuals convicted […]

Kressman Named Acting General Counsel, McKenna Retires

ALEXANDRIA, Va. (Nov. 20, 2019) – National Credit Union Administration Chairman Rodney E. Hood today announced that Frank Kressman will serve as the agency’s Acting General Counsel. “Yesterday morning, Mike McKenna shared his decision to retire after over 30 years of service to the NCUA,” said Chairman Hood. “During this initial transition, Frank Kressman will […]

Eastern Financial Florida Credit Union Placed In Conservatorship

Eastern Financial Florida Credit Union is Open and Operating; Member Accounts are Safe and Federally Insured  April 24, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of the operations of Eastern Financial Florida Credit Union, a state-chartered, federally insured credit union headquartered in Miramar, Florida. The Florida Office of Financial Regulations, […]

First Delta Federal Credit Union Placed Into Conservatorship

The credit union is open, operating and serving its members Alexandria, VA, October 23, 2009 – The National Credit Union Administration (NCUA) today assumed control of operations at First Delta Federal Credit Union of Marks, Mississippi.  NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations. Service to […]