Monthly Archives: January 1970

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (March 26, 2021) – The Texas Credit Union Department today took possession of Edinburg Teachers Credit Union, located in Edinburg, Texas, and appointed the National Credit Union Administration as conservator. Member deposits at Edinburg Teachers Credit Union remain protected by the National Credit […]

ALEXANDRIA, Va. (March 26, 2021) – The NCUA Board unanimously approved by notation vote a 30-day extension of the comment period for its proposed rule on credit union service organizations, Part 712. This rule, proposed during the January 2021 NCUA Board Meeting, would expand the list of permissible activities and services for CUSOs. Specifically, it […]

ALEXANDRIA, Va. (March 25, 2021) – Federally insured credit unions can get valuable information on Bank Secrecy Act and anti-money laundering compliance during a National Credit Union Administration webinar scheduled for April 14. Online registration for the webinar, “Bank Secrecy Act Update,” is now open (opens new window). The webinar is scheduled to begin at […]

ALEXANDRIA, Va. (March 23, 2021) – Although the COVID-19 pandemic continues to pose challenges for the country and the credit union system, the economic outlook has recently improved, National Credit Union Administration Chairman Todd M. Harper said yesterday during the Maine Credit Union League’s Town Hall Meeting. “The recently enacted $1.9 trillion American Rescue Plan […]

Board Action Bulletin ALEXANDRIA, Va. (March 18, 2021) – Through a live audio webcast, the National Credit Union Administration Board held its third open meeting of 2021 and unanimously approved two items: A temporary interim final rule permitting federally insured credit unions to use asset data as of March 31, 2020, to determine the applicability […]

ALEXANDRIA, Va. (March 16, 2021) – The National Credit Union Administration today released its 2020 Annual Report (opens new window), highlighting the agency’s activities, policy initiatives, and accomplishments for the past year. “Truly unprecedented, the COVID-19 pandemic and its economic and financial disruptions affected all aspects of daily life in 2020,” NCUA Chairman Todd M. […]

WASHINGTON (March 11, 2021) – Five federal regulatory agencies today requested public comment on 24 proposed Interagency Questions and Answers Regarding Private Flood Insurance. The proposal is intended to help lenders comply with the agencies’ joint rule promulgated in 2019 to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. […]

ALEXANDRIA, Va. (March 12, 2021) – Federally insured credit unions experienced double-digit asset and share-and-deposit growth over the year ending in the fourth quarter of 2020, according to the latest Quarterly U.S. Map Review (opens new window) released today by the National Credit Union Administration. Nationally, median asset growth over the four quarters of 2020 […]

ALEXANDRIA, Va. (March 9, 2021) – The National Credit Union Administration and federally insured credit unions must do all they can to advance economic equity and justice, NCUA Chairman Todd M. Harper said today. “Many minority-owned businesses and communities have been acutely affected by the suddenness and depth of the economic shock resulting from the lockdowns that […]

ALEXANDRIA, Va. (March 10, 2021) – The National Credit Union Administration is hosting a webinar on March 24 about potential areas of credit risk resulting from the COVID-19 pandemic. “COVID-19 has had a significant impact on the economy, credit unions, and their members,” NCUA Chairman Todd M. Harper said, “Going forward, the top priority for […]