IRS provides tax relief for victims of Hurricane Sally; Oct. 15 deadline, other dates extended to Jan. 15

WASHINGTON — Victims of Hurricane Sally that began on September 14 now have until January 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for […]

Board Approves Changes to Real Estate Appraisals Rule

Board Action Bulletin Share Insurance Fund Reports $17.7 Billion in Assets; NCUA Monitoring Equity Ratio ALEXANDRIA, Va. (Sept. 17, 2020) – Using a live audio webcast, the National Credit Union Administration Board held its seventh open meeting of 2020 and unanimously approved two items: A final rule that temporarily amends the NCUA’s regulations requiring all […]

NCUA Provides $3.7 Million in Grants and Loans to Help Credit Unions Meet COVID-19 Needs

ALEXANDRIA, Va. (Sept. 15, 2020) – The National Credit Union Administration awarded $3.7 million in grants and no-interest loans to 162 low-income credit unions, helping them provide affordable financial services to their members and communities during the COVID-19 pandemic. In April, the agency committed the majority of its 2020 Community Development Revolving Loan Fund allocation […]

NCUA: Second Streamlined CDFI Round Now Open

ALEXANDRIA, Va. (Sept. 14, 2020) – The National Credit Union Administration opened its second application round for eligible credit unions that want to qualify to use the agency’s streamlined process for Community Development Financial Institution certification. Federally insured, low-income-designated credit unions can find all the necessary information about CDFI qualification in the NCUA’s online program […]

NCUA Warns Credit Unions in the Path of Tropical Storm Sally to Prepare

ALEXANDRIA, Va. (Sept. 14, 2020) – Credit unions in the path of Tropical Storm Sally are advised to take precautions as the storm intensifies in the Gulf of Mexico, the National Credit Union Administration said today. “Credit unions in the path of Tropical Storm Sally should to take measures to protect their staff and secure […]

NCUA: Q2 2020 State Credit Union Data Report Now Available

ALEXANDRIA, Va. (Sept. 15, 2020) – Federally insured credit unions saw strong asset and share-and-deposit growth over the year ending in the second quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review (opens new window). Nationally, median asset growth over the year ending in the second quarter of 2020 was 10.0 percent, […]

NCUA: Q2 2020 State Credit Union Data Report Now Available

ALEXANDRIA, Va. (Sept. 15, 2020) – Federally insured credit unions saw strong asset and share-and-deposit growth over the year ending in the second quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review (opens new window). Nationally, median asset growth over the year ending in the second quarter of 2020 was 10.0 percent, […]

NCUA Monitoring Wildfires in the Western States

ALEXANDRIA, Va. (Sept. 11, 2020) – The National Credit Union Administration is monitoring a series of wildfires across the Western portion of the United States and stands ready to provide assistance to federally insured credit unions in the affected areas, the agency announced today. The National Interagency Fire Center is tracking more than 100 fires […]

NCUA Awards Mentoring Grants to Three MDI Credit Unions

ALEXANDRIA, Va. (Sept. 9, 2020) – The National Credit Union Administration awarded $75,000 in grants to three low-income, minority depository institution credit unions to support mentoring programs with larger credit unions. “Mentoring relationships can help MDI credit unions, particularly those in rural and underserved communities, grow stronger and support their members and communities better,” NCUA […]

NCUA Releases Q2 2020 Credit Union System Performance Data

ALEXANDRIA, Va. (Sept. 3, 2020) – Data on the financial performance of federally insured credit unions for the quarter ending June 30, 2020, are now available (opens new window) from the National Credit Union Administration. The NCUA’s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing […]