Monthly Archives: January 1970

ALEXANDRIA, Va. (Feb. 13, 2018) – The video recording of the Jan. 25, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s website. Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year. At the January open meeting, […]

Reports Cover Share Insurance Fund, Operating Fund, CLF and CDRLF ALEXANDRIA, Va. (Feb. 15, 2018) – The National Credit Union Administration’s four permanent funds have again earned unmodified, or “clean,” audit opinions for 2017, according to audited financial statements released today by the agency’s Office of the Inspector General. “Prudent financial management and transparency go […]

Board Action Bulletin Share Insurance Fund Maintains Provisions for Potential Losses ALEXANDRIA, Va. (Feb. 15, 2018) – The National Credit Union Administration Board held its second open meeting of 2018 at the agency’s headquarters here today and unanimously approved two items: A Share Insurance distribution of $736 million to eligible, federally insured credit unions in […]

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and […]

New Resource Outlines the Benefits of Saving at an Early Age ALEXANDRIA, Va. (Feb. 22, 2018) – Young people can get valuable information about starting good personal finance habits and building long-term wealth from a new infographic released today by the National Credit Union Administration. The NCUA’s new infographic, “Empowering Youth to Save (opens new […]

Member Deposits Remain Protected to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Feb. 23, 2018) – The Director of the Michigan Department of Insurance and Financial Services today placed Ukrainian Future Credit Union, of Warren, Michigan, into conservatorship and appointed the National Credit Union Administration as conservator. Ukrainian Future Credit Union’s members should experience no interruption […]

NCUA Board Chairman Cites Accomplishments, Promises Future Cooperation WASHINGTON, D.C. (Feb. 26, 2018) – Promising continued inclusion, accountability, and transparency in the National Credit Union Administration’s decision-making, NCUA Board Chairman J. Mark McWatters today urged credit unions to “reason together” to accomplish common goals. “When people trust you with authority, particularly the authority to govern […]

NCUA Board Member Calls Stabilization Fund Closure “the Key Driver” of Historic Share Insurance Distribution Coming This Year WASHINGTON, D.C. (Feb. 27, 2018) – Bipartisan cooperation on the National Credit Union Administration Board has led to policies that will help credit unions position themselves to serve members however the economy might change, Board Member Rick […]

Member Services Continue; Deposits Remain Protected by Share Insurance Fund ALEXANDRIA, Va. (Feb. 28, 2018) – Members of First Jersey Credit Union are now members of USALLIANCE Federal Credit Union following today’s liquidation by the New Jersey Department of Banking and Insurance. The Department liquidated First Jersey, of Wayne, New Jersey, and appointed the National […]

Read the latest issue of The NCUA Report online ALEXANDRIA, Va. (March 1, 2018) – The National Credit Union Administration released today the first quarter edition of its online newsletter. The latest issue of The NCUA Report features a column from NCUA Board Chairman J. Mark McWatters as well as articles from several NCUA offices […]