Agencies Issue Joint Statement to Encourage Innovative Approaches to BSA/AML Compliance

ALEXANDRIA, Va. (Dec. 3, 2018) – The National Credit Union Administration, the Financial Crimes Enforcement Network and three other federal depository institutions regulators issued today a joint statement encouraging depository institutions to explore innovative approaches to meet their Bank Secrecy Act and anti-money laundering compliance obligations and to further strengthen the financial system against illicit […]

NCUA Releases Q3 2018 Credit Union System Performance Data

ALEXANDRIA, Va. (Dec. 6, 2018) – Data on the financial performance of federally insured credit unions for the quarter ending Sept. 30, 2018, are now available from the National Credit Union Administration. The NCUA’s Quarterly Credit Union Data Summary reports include an overview of the quarterly Call Report data as well as tables showing the […]

NCUA, State Regulators Launching Alternating Examination Pilot Program Jan. 1

ALEXANDRIA, Va. (Dec. 12, 2018) – On Jan. 1, 2019, the National Credit Union Administration and six state credit union regulators will launch an alternating examination pilot program for a select group of federally insured, state-chartered credit unions. The NCUA has posted frequently asked questions (opens new window) about the pilot program on its website. […]

NCUA: Q3 2018 State Credit Union Data Report Now Available

ALEXANDRIA, Va. (Dec. 12, 2018) – Federally insured credit unions generally saw continued positive trends in the third 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 […]

Board Lowers Share Insurance Fund Normal Operating Level to 1.38 Percent

Board Action Bulletin Agency Will Return to Three-Year Rolling Regulation Reviews in 2019 ALEXANDRIA, Va. (Dec. 13, 2018) – The National Credit Union Administration Board held its eleventh open meeting of 2018 at the agency’s headquarters today and unanimously approved three items: Lowering the normal operating level of the National Credit Union Share Insurance Fund […]

November 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. (Dec. 14, 2018) – The video recording of the Nov. 15, 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 November open meeting, […]

NCUA to Remain Open, Credit Union Members’ Shares Insured, While Federal Government Closed

ALEXANDRIA, Va. (Dec. 21, 2018) – The National Credit Union Administration will remain open and individual accounts will remain federally insured during the federal government shutdown. The NCUA is an independent agency of the federal government, and its operating budget comes from fees charged to federal credit unions and transfers from the National Credit Union […]

Intake Period to Qualify for Streamlined CDFI Application Runs Jan. 13 to Feb. 9

ALEXANDRIA, Va. (Jan. 3, 2019) – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification from Jan. 13 through Feb. 9. The agency’s Office of Credit Union Resources and Expansion hosts a resource page with […]

New Year, New Look for NCUA Regions

ALEXANDRIA, Va. (Jan. 7, 2019) – The National Credit Union Administration begins 2019 with a new regional structure, part of an agency-wide reorganization that began in 2017. The agency completed the headquarters reorganization in 2018, while the consolidation from five to three regional offices is effective January 7, 2019. The three realigned regions are: Eastern […]

NCUA’s Redesigned Websites Offer Users Easier Access, More Information

ALEXANDRIA, Va. (Jan. 8, 2019) – The public and other stakeholders will now be able to find the information they need more easily with the launch of redesigned versions of NCUA.gov and MyCreditUnion.gov (opens new window), the National Credit Union Administration announced today. “The launch of our redesigned websites is part of the NCUA’s on-going […]