Monthly Archives: January 1970

Share Insurance Fund Protects Member Deposits to $250,000 ALEXANDRIA, Va. (July 31, 2018) – The Michigan Department of Insurance and Financial Services today liquidated the Greater Christ Baptist Church Credit Union of Detroit and appointed the National Credit Union Administration as liquidating agent. Member deposits are federally insured by the National Credit Union Share Insurance […]

The NCUA Board issued a Notice of Charges against Alan S. Kaufman, former CEO of Melrose Credit Union. The NCUA Board approved the merger of Preferred Community Bank into Achieva Credit Union. The NCUA Board approved the merger of Bay Ridge Federal Credit Union into Island Federal Credit Union. Related posts: FFIEC Issues New Customer […]

Board Action Bulletin Budget Review Projects Nearly $8.5 Million Operating Budget Net Savings ALEXANDRIA, Va. (Aug. 2, 2018) – The National Credit Union Administration Board held its seventh open meeting of 2018 at the agency’s headquarters today and unanimously approved five items: A proposed supplemental rule amending the agency’s prompt corrective action regulations to delay […]

NCUA Seeking Millions from the Melrose CEO for Breach of Duties ALEXANDRIA, Va. (Aug. 7, 2018) – The National Credit Union Administration Board, under an infrequently used authority, has filed administrative charges against Alan S. Kaufman, former chief executive officer, treasurer, and board member of Melrose Credit Union. The NCUA is seeking a prohibition order […]

ALEXANDRIA, Va. (Aug. 9, 2018) – Minority credit unions play a vital role in providing affordable financial services in the nation’s most underserved communities and the agency is looking at new ways to support them, NCUA Board Chairman J. Mark McWatters said today. “Unfortunately, minority credit unions are too often the only federally insured financial […]

ALEXANDRIA, Va. (Aug. 13, 2018) – Financial regulatory agencies, non-profits, schools financial institutions, and the military must work together to improve the personal finance knowledge of service members and their families to prevent them from being financially exploited, NCUA Board Chairman J. Mark McWatters said today. McWatters was the keynote speaker today at the Defense […]

ALEXANDRIA, Va. (Aug. 17, 2018) – The National Credit Union Administration has selected Matthew J. Biliouris as the Director of the Office of Consumer Financial Protection in the NCUA Headquarters. Matt has been serving as the Acting Director of the Office of Consumer Financial Protection and previously served as the office’s Deputy Director. The Office […]

Member Deposits Remain Protected to $250,000, Member Services Uninterrupted ALEXANDRIA, Va. (Aug. 17, 2018) – Ukrainian Future Credit Union, of Warren, Michigan, has merged into Selfreliance Ukrainian American Federal Credit Union, of Chicago, Illinois, effective today, the National Credit Union Administration announced. The new Selfreliance Ukrainian American Federal Credit Union members should experience no interruption […]

Read the latest issue of The NCUA Report online ALEXANDRIA, Va. (Aug. 23, 2018) – The National Credit Union Administration released today the third 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 […]

Credit Union Will Bring Much-Needed Services to the Nepali-American community ALEXANDRIA, Va. (Aug. 28, 2018) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Everest Federal Credit Union in Jackson Heights, New York. “The first credit union to serve the Nepalese diaspora, Everest Federal Credit Union is […]