Monthly Archives: January 1970

The Federal Financial Institutions Examination Council (FFIEC) today issued new examination procedures on the final rule, “Customer Due Diligence Requirements for Financial Institutions,” issued by the Financial Crimes Enforcement Network (FinCEN) on May 11, 2016. These examination procedures apply to banks, savings and loan associations, savings associations, credit unions, and branches, agencies, and representative offices […]

ALEXANDRIA, Va. (May 14, 2018) – The video recording of the April 19, 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 April open meeting, […]

ALEXANDRIA, Va. (May 23, 2018) – Low-income federally insured credit unions interested in becoming certified community development financial institutions can apply to use the National Credit Union Administration’s streamlined application process beginning June 4. During the streamlined application period, which runs until June 22, credit unions submit loan origination data to the NCUA’s Office of […]

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 […]

ALEXANDRIA, Va. (May 24, 2018) – Federal credit union members could have more options for short-term, small-dollar borrowing under a rule proposed today by the National Credit Union Administration Board. The proposed rule (opens new window) would create one new product in addition to the current payday loan alternative (opens new window) that has been […]

Board Action Bulletin Share Insurance Fund Posts $33.1 Million Net Income in First Quarter ALEXANDRIA, Va. (May 24, 2018) – The National Credit Union Administration Board held its fifth open meeting of 2018 at the agency’s headquarters today and unanimously approved two items: A notice of proposed rulemaking seeking comment on the agency’s proposal to […]

ALEXANDRIA, Va. (May 30, 2018) – Low-income credit unions interested in applying for Community Development Revolving Loan Fund grants this year can obtain valuable information on an upcoming webinar hosted by the National Credit Union Administration. Staff from the NCUA’s Office of Credit Union Resources and Expansion and the Office of the Chief Financial Officer will […]

Read the latest issue of The NCUA Report online ALEXANDRIA, Va. (May 31, 2018) – The National Credit Union Administration released today the second quarter edition of its online newsletter. The latest issue of The NCUA Report features a joint column from NCUA Board Chairman J. Mark McWatters and Board Member Rick Metsger as well […]

Removal of Occupancy Requirement for 1-to-4-Unit Dwellings Takes Loans Out from Under Lending Cap ALEXANDRIA, Va. (June 1, 2018) – Federally insured credit unions will no longer have to count loans made on any 1-to-4-unit family dwellings as member business loans after a vote by the National Credit Union Administration Board. As such, these loans […]

ALEXANDRIA, Va. (June 6, 2018) – Data on the financial performance of federally insured credit unions in the quarter ending March 31, 2018, are now available from the National Credit Union Administration. NCUA makes detailed credit union system performance data available on its Credit Union and Call Report Data webpage, including Call Report quarterly summaries […]