Monthly Archives: January 1970

Member Deposits Protected to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Aug. 31, 2018) – The National Credit Union Administration today liquidated Melrose Credit Union of Briarwood, New York. Teachers Federal Credit Union, of Hauppauge, New York, immediately assumed all of Melrose’s members and shares as well as some loans and other assets. Teachers Federal Credit […]

ALEXANDRIA, Va. (Sept. 4, 2018) – The National Credit Union Administration has selected Robert Foster as its Chief Information Officer, effective October 14. “Rob’s long experience in information technology and cybersecurity make him an ideal fit for such an essential role in the agency,” NCUA Board Chairman J. Mark McWatters said. Foster has served as […]

ALEXANDRIA, Va. (Sept. 5, 2018) – The video recording of the Aug. 2, 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 August open meeting, […]

ALEXANDRIA, Va. (Sept. 6, 2018) – The National Credit Union Administration has selected Towanda Brooks as its new Director of the Office of Human Resources. “The work of the Office of Human Resources affects every agency employee, and Towanda’s depth of experience and accomplishments make her an excellent choice as director,” NCUA Board Chairman J. […]

ALEXANDRIA, Va. (Sept. 6, 2018) – Data on the financial performance of federally insured credit unions for the quarter ending June 30, 2018, are now available from the National Credit Union Administration. The Quarterly Credit Union Data Summary (opens new window) features an updated design that includes an overview of the quarterly Call Report data […]

WASHINGTON—Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency—confirms that supervisory guidance does not […]

ALEXANDRIA, Va. (Sept. 11, 2018) – The National Credit Union Administration has selected NancyRae Kjelgaard as Associate Regional Director of Programs in the agency’s Region V office in Tempe, Arizona. Kjelgaard comes to the NCUA from the Federal Housing Finance Agency, where she served in several roles, most recently as supervisory examiner of credit risk […]

ALEXANDRIA, Va. (Sept. 12, 2018) – The National Credit Union Administration is closely monitoring Hurricane Florence, and the agency has a hurricane information webpage with material on preparedness and recovery available for credit unions and members in the storm’s path. The NCUA will be ready to assist credit unions with maintaining or restoring operations, if […]

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators recognize the serious impact of Hurricane Florence on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to […]

ALEXANDRIA, Va. (Sept. 14, 2018) – Federally insured credit unions generally saw continued positive trends in the second quarter of 2018, according to the latest NCUA Quarterly U.S. Map Review. The review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information on two important […]