NCUA, Federal Banking Agencies, FinCEN Issue FAQs on SAR and Other AML Requirements

ALEXANDRIA, Va. (Jan. 21, 2021) – The National Credit Union Administration, along with the Financial Crimes Enforcement Network, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, and in consultation with staff from other federal agencies, have issued responses to frequently […]

NCUA Board Approves Final Rule on the Role of Supervisory Guidance

ALEXANDRIA, Va. (Jan. 19, 2021) – The National Credit Union Administration Board unanimously approved today by notation vote a final rule (opens new window) that outlines and confirms the agency’s use of supervisory guidance. The proposed rule was issued on November 5, 2020, as a joint interagency rulemaking among the NCUA, the Board of Governors […]

Chairman Hood’s Statement on Deputy Chief of Staff Gisele Roget

Hood Thanks Roget for Her Leadership During His Tenure ALEXANDRIA, Va. (Jan. 19, 2021) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement thanking Gisele Roget, the NCUA’s Deputy Chief of Staff, for her leadership during his tenure. Roget has served in her Deputy Chief of Staff role since joining the […]

NCUA’s Accomplishments Marked by Regulatory Relief, Financial Inclusion, Response to COVID-19

Chairman Hood Releases Select Accomplishments from April 2019 to January 2021 ALEXANDRIA, Va. (Jan. 19, 2021) – National Credit Union Administration Chairman Rodney E. Hood released today selected accomplishments since he was sworn in as the eleventh Chairman of the NCUA in April 2019. Throughout Chairman Hood’s historic tenure as the first Black American to […]

NCUA Chairman Hood’s Statement on Former Acting Comptroller of the Currency Brian Brooks

ALEXANDRIA, Va. (Jan. 15, 2021) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement today on Brian Brooks, who served as Acting Comptroller of the Currency. “During his tenure, Acting Comptroller Brooks had a significant impact on the OCC, providing strong, thoughtful, and steady leadership. I appreciate his public service to […]

NCUA and CFPB Sign Memorandum of Understanding

MOU Underscores NCUA and CFPB Commitment to Consumer Protection ALEXANDRIA, Va. (Jan. 14, 2021) – The National Credit Union Administration and the Consumer Financial Protection Bureau announced a memorandum of understanding agreement to improve coordination between the agencies related to the consumer protection supervision of credit unions over $10 billion dollars in assets. “This agreement […]

Board Approves Proposals on Risk-Based Capital, CAMEL System, and CUSO Lending

Board Action Bulletin ALEXANDRIA, Va. (Jan. 14, 2021) – Through a live audio webcast, the National Credit Union Administration Board held its first open meeting of 2021 and approved six items: A proposed rule that would raise the asset threshold for defining a credit union as “complex” for purposes of being subject to any risk-based […]

Indianapolis’ Newspaper Federal Credit Union Conserved

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (Jan. 14, 2021) – The National Credit Union Administration today placed Indianapolis’ Newspaper Federal Credit Union in Indianapolis, Indiana, into conservatorship. Member deposits at Indianapolis’ Newspaper Federal Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, […]

NCUA Names Frank Kressman General Counsel, Melane Conyers-Ausbrooks Board Secretary

ALEXANDRIA, Va. (Jan. 15, 2021) – The National Credit Union Administration today announced the selection of Frank Kressman as General Counsel and Melane Conyers-Ausbrooks as Board Secretary. “Frank has an extensive career in law and a deep knowledge of financial regulation and credit unions,” said NCUA Chairman Rodney E. Hood. “This, together with his more […]

Lowden Named Deputy Chief Financial Officer

ALEXANDRIA, Va. (Jan. 12, 2021) – The National Credit Union Administration today announced the selection of Melissa M. Lowden as the agency’s next Deputy Chief Financial Officer, effective January 17, 2021. Lowden will help lead a team of more than 50 employees who perform essential functions, including accounting and financial reporting, enterprise risk management, strategic […]