Hood Speaks to AACUC on Inclusion, Innovation, and Modern Regulation CHARLOTTE, NC (Aug. 9, 2019) – America is going through an unprecedented demographic transition, NCUA Board Chairman Rodney E. Hood said today, and credit unions have a chance to show leadership as the financial industry responds to that transition. “This is a time of seismic […]
Monthly Archives: January 1970
NCUA’s Hood: Federal-State Chartering and Supervision System Working Well
NCUA and NASCUS Chairmen Sign New Document of Cooperation SAN FRANCISCO (Aug. 14, 2019) – The National Credit Union Administration and state regulators are working well together to modernize the dual chartering and supervision system and reduce regulatory burdens for credit unions, NCUA Chairman Rodney E. Hood said today. “The system of regulation and supervision […]
NCUA Releases Interim Guidance on Serving Hemp Businesses
ALEXANDRIA, Va. (Aug. 19, 2019) – Federally insured credit unions may provide certain financial services to legally operating hemp businesses under new guidance published today by the National Credit Union Administration. The guidance will be revised and updated once the United States Department of Agriculture finalizes forthcoming regulations and guidelines. Credit unions will be able […]
NCUA Chairman Hood Statement on the Appeals Court Decision Regarding Field-of-Membership Rule
ALEXANDRIA, Va. (Aug. 20, 2019) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement in response to today’s D.C. Circuit Court of Appeals decision in American Bankers Association v. National Credit Union Administration: “The NCUA is pleased with today’s Court of Appeals decision. The agency is still reviewing that decision. In […]
NCUA Chairman: Defense Credit Unions “Positioned to Lead the Way” on Financial Inclusion
CHICAGO (Aug. 20, 2019) – Defense credit unions are well-positioned to lead the way on improving access to affordable financial services in underserved communities, National Credit Union Administration Board Chairman Rodney E. Hood said today. “There are a lot of innovations that defense credit unions have pioneered to better serve members in far-flung postings around […]
NCUA Charters Maine Harvest Federal Credit Union
Credit Union Will Offer Affordable Financial Services to Farm and Food Production Community ALEXANDRIA, Va. (Aug. 23, 2019) – The state of Maine has a new credit union, Maine Harvest Federal Credit Union, headquartered in Unity. The National Credit Union Administration on August 14 granted a federal charter and Share Insurance Fund coverage to Maine […]
NCUA Urges Credit Unions to Prepare for Tropical Storm Dorian
ALEXANDRIA, Va. (Aug. 27, 2019) – The National Credit Union Administration is advising credit unions in the path of Tropical Storm Dorian to take precautions as the storm enters the eastern Caribbean. “Credit unions in Dorian’s path should to take measures to protect their staff and secure their operations,” NCUA Board Chairman Rodney E. Hood […]
FFIEC Encourages Standardized Approach to Assessing Cybersecurity Preparedness
The Federal Financial Institutions Examination Council (FFIEC) members today emphasized the benefits of using a standardized approach to assess and improve cybersecurity preparedness. The members note that firms adopting a standardized approach are better able to track their progress over time, and share information and best practices with other financial institutions and with regulators. […]
Williams Chosen as Confidential Assistant to NCUA Chairman Hood
ALEXANDRIA, Va. (Aug. 28, 2019) – The National Credit Union Administration today announced the selection of Hallie Williams as confidential assistant to NCUA Chairman Rodney E. Hood. Williams began her duties August 26. “I’m pleased to welcome Hallie to NCUA, and I look forward to the contributions she will make to the management team,” Hood […]
FFIEC Announces Availability of 2018 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 5,683 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. Released today are loan-level HMDA data covering 2018 lending activity that were submitted on […]