Monthly Archives: January 1970

Board Action Bulletin ALEXANDRIA, Va. (Sept. 19, 2019) – The National Credit Union Administration Board held its eighth open meeting of 2019 at the agency’s headquarters today and approved three items: A final rule allowing federal credit unions to offer an additional payday alternative loan option to members. A final rule to clarify the agency’s […]

ALEXANDRIA, Va. (Sept. 25, 2019) – National Credit Union Administration Chairman Rodney E. Hood has appointed H. Lenwood Brooks, V, to serve as his Chief of Staff. Brooks, who joined the NCUA on May 28, has been serving as Acting Chief of Staff and Director of the Office of External Affairs and Communications. “Since joining […]

ALEXANDRIA, Va. (Sept. 25, 2019) – Credit unions interested in learning more about Small Business Administration loan programs can get valuable information from an October 16 webinar hosted by the National Credit Union Administration and the SBA. Registration for the webinar, “The Big Picture of SBA Lending for Credit Unions—Part 1,” is now open (opens […]

ALEXANDRIA, Va. (Sept. 30, 2019) – The National Credit Union Administration issued five prohibition notices and two prohibition orders in September. These seven individuals are prohibited from participating in the affairs of any federally insured financial institution. Richard Fortney, a former institution-affiliated party of Mid East Tennessee Community Credit Union in Decatur, Tennessee, agreed and […]

ALEXANDRIA, Va. (Oct. 1, 2019) – Financial losses due to cybercrime reached $2.7 billion in 2018 (opens new window), and during National Cybersecurity Awareness Month, the National Credit Union Administration is reminding credit union industry stakeholders to remain vigilant. “In this day and age, cybersecurity is everyone’s business,” NCUA Chairman Rodney E. Hood said. “Hackers […]