Monthly Archives: January 1970

ALEXANDRIA, Va. (March 4, 2021) – Data on the financial performance of federally insured credit unions for the quarter ending December 31, 2020, are now available (opens new window) from the National Credit Union Administration. The NCUA’s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing […]

ALEXANDRIA, Va. (March 2, 2021) – National Credit Union Administration Chairman Todd M. Harper announced today the appointment of Board Member Rodney E. Hood as the agency’s representative on the Board of Directors of NeighborWorks America, one of the nation’s leading affordable housing and community development organizations. “Board Member Hood’s unwavering focus on financial inclusion and deep commitment […]

WASHINGTON (Feb. 25, 2021) – The Federal Financial Institutions Examination Council (FFIEC) today released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual). Today’s updates affect the following Manual sections: Introduction – Assessing Compliance with Bank Secrecy Act Regulatory Requirements Customer Identification Program Currency Transaction Reporting Transactions of Exempt Persons The updates should […]

(Feb. 22, 2021) – The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Texas Winter Storms on the customers and operations of many financial institutions […]

Board Action Bulletin ALEXANDRIA, Va. (Feb. 18, 2021) – The National Credit Union Administration Board held its second open meeting of 2021 through a live audio webcast and approved a final rule on joint-ownership share accounts. In addition, the Board was briefed on the Share Insurance Fund’s performance during the fourth quarter of 2020 and […]

ALEXANDRIA, Va. (Feb. 17, 2021) – The National Credit Union Administration and the Internal Revenue Service are co-hosting a webinar on the Earned Income Tax Credit and Volunteer Income Tax Assistance (VITA) programs. The NCUA and the IRS encourage credit unions, their members, and others to participate in the webinar to learn more about the […]

ALEXANDRIA, Va. (Feb. 16, 2021) – The National Credit Union Administration’s four funds again earned unmodified, or “clean,” audit opinions for 2020, according to audited financial statements released today by the agency’s Office of the Inspector General. The complete 2020 financial statement (opens new window) audits are available on NCUA.gov. The financial statements, audited by […]

ALEXANDRIA, Va. (Feb. 2, 2021) – The National Credit Union Administration will hold a webinar on Thursday, February 11, that will provide participants with an update on Chairman Todd M. Harper’s priorities, the agency’s supervisory activities, and recently issued guidance and regulations, among other topics. “Open communication with stakeholders aids the NCUA in achieving its […]

ALEXANDRIA, Va. (Feb. 1, 2021) – National Credit Union Administration Chairman Todd M. Harper selected Catherine Galicia to serve as his Chief of Staff. “Catherine’s breadth and depth of knowledge of financial services and consumer financial protection policy has served as a guiding light for me throughout my time on the NCUA Board,” Chairman Harper […]

ALEXANDRIA, Va. (Jan. 28, 2021) – Eligible credit unions interested in the U.S. Department of the Treasury’s Emergency Capital Investment Program (opens new window) can get valuable information during an upcoming webinar hosted by the National Credit Union Administration on February 3 starting at 2 p.m. Eastern. Congress created this program as part of the […]