Monthly Archives: January 1970

Hood Attends Ceremonial Swearing-In Administered by Vice President Pence WASHINGTON, D.C. (June 27, 2019) – National Credit Union Administration Chairman Rodney E. Hood today recounted how values of humility, integrity, hard work, compassion, and service to others have shaped his outlook and his career. “I did not set out to dedicate my work life to […]

ALEXANDRIA, Va. (July 12, 2019) – Catherine Galicia has been named senior policy counsel to National Credit Union Administration Board Member Todd M. Harper. Galicia joins the NCUA from the Consumer Financial Protection Bureau, where she directed legislative affairs. She assumed her duties July 8. “For more than two decades, Catherine has deeply impressed me […]

ALEXANDRIA, Va. (July 12, 2019) – Credit unions in the path of Tropical Storm Barry are advised to take precautions as it approaches the Gulf Coast, the National Credit Union Administration said today. “We are urging credit unions in the path of the storm to take steps to protect their staff and secure their operations,” […]

Board Action Bulletin ALEXANDRIA, Va. (July 18, 2019) – The National Credit Union Administration Board held its seventh open meeting of 2019 at the agency’s headquarters today and approved three items: A final rule amending the agency’s regulation requiring real estate appraisals for certain transactions to provide greater clarity and a measure of regulatory relief. […]

NCUA Board Chairman Hood Talks about Financial Literacy, Community Service at Destinations Credit Union Event PARKVILLE, Md. (July 18, 2019) – Destinations Credit Union, a federally insured, state-chartered credit union headquartered in Baltimore, has been designated a low-income credit union by the National Credit Union Administration and the Maryland Commissioner of Financial Regulation. “This means […]

WASHINGTON – As a result of a working group established by the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence, the federal bank regulatory agencies and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a joint statement as part of continuing efforts to improve transparency into their […]

ALEXANDRIA, Va. (July 30, 2019) – Credit unions can get valuable information about how the National Credit Union Administration examines for liquidity and interest-rate risks on an Aug. 14 webinar hosted by the agency. Registration for the webinar, “Liquidity and Interest-Rate Risk Management,” is now open (opens new window). The webinar is scheduled to begin […]

ALEXANDRIA, Va. (July 31, 2019) – The National Credit Union Administration is offering grants of up to $25,000 for a new pilot mentoring program for small low-income credit unions that are also designated as minority depository institutions. The new program (opens new window) will make three to five targeted technical assistance grants to help these […]

ALEXANDRIA, Va. (July 31, 2019) – The National Credit Union Administration issued two prohibition orders and five prohibition notices in July. These individuals are prohibited from participating in the affairs of any federally insured financial institution. Joey E. Camp, a former employee of Peoria Fire Fighters Credit Union in Peoria, Illinois, was sentenced on one […]

ALEXANDRIA, Va. (Aug. 8, 2019) – The National Credit Union Administration is encouraging groups seeking to organize credit unions to take advantage of the agency’s new digital tool to help them with the charter application process. The Chartering Proof of Concept tool is an automated system that will help credit union organizers better understand the […]