Monthly Archives: January 1970

ALEXANDRIA, Va. (Aug. 30, 2019) – The National Credit Union Administration issued five prohibition notices and one prohibition order in August. These six individuals are prohibited from participating in the affairs of any federally insured financial institution. Karen S. Buxton, a former employee of ADM Credit Union in Decatur, Illinois, was sentenced on two counts […]

ALEXANDRIA, Va. (Sept. 4, 2019) – National Credit Union Administration Chairman Rodney E. Hood issued the following detailed statement in response to the Aug. 20, 2019, D.C. Circuit Court of Appeals decision in American Bankers Association v. National Credit Union Administration: “In response to the D.C. Circuit’s ruling, which largely upholds the NCUA’s field-of-membership rules, […]

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and […]

NCUA Board Member Discusses Risk, Innovation, Inclusion, and Consumer Financial Protection WASHINGTON, D.C. (Sept. 10, 2019) – Learning from the past but focusing on the future is essential to meeting a period of significant change with warning signs dotting the landscape, National Credit Union Administration Board Member Todd M. Harper said today. Speaking to a […]

Agency Chairman Speaks to NAFCU Congressional Conference WASHINGTON, D.C. (Sept. 10, 2019) – The success of the credit union system rests on credit unions and the National Credit Union Administration working together, NCUA Chairman Rodney E. Hood said today. “The industrialist Henry Ford once observed that, ‘coming together is a beginning; keeping together is progress; […]

ALEXANDRIA, Va. (Sept. 11, 2019) – National Credit Union Administration Chairman Rodney E. Hood today announced he has appointed Michael J. Sinacore to serve as Deputy Director for External Affairs and Communications. Sinacore joins the NCUA from the Office of Sen. Deb Fischer (R-Neb.), where he served as a legislative assistant, focusing on economic policy. […]

ALEXANDRIA, Va. (Sept. 11, 2019) – Federally insured credit unions generally saw continued positive trends in the second quarter of 2019, according to the latest NCUA Quarterly U.S. Map Review (opens new window). The review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information […]

ALEXANDRIA, Va. (Sept. 13, 2019) – The National Credit Union Administration has awarded $1.9 million in grants (opens new window) to help 155 low-income credit unions increase outreach to underserved communities, improve digital services and security, and train employees. The NCUA awarded grants ranging from $1,900 to $100,000 to credit unions in 40 states and […]

Credit Unions Should be Aware of Changes to CDFI Certification Rules ALEXANDRIA, Va. (Sept. 16, 2019) – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions have until Oct. 5 to apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification. This will be the final […]

ALEXANDRIA, Va. (Sept. 18, 2019) – The National Credit Union Administration is expecting an unusually large audience for its September 19 open Board meeting, and the agency is making special preparations. People planning to attend the meeting, which begins at 10 a.m., should be aware of the following: There will be 50 seats available in […]