Monthly Archives: January 1970

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (Jan. 14, 2021) – The National Credit Union Administration today placed Indianapolis’ Newspaper Federal Credit Union in Indianapolis, Indiana, into conservatorship. Member deposits at Indianapolis’ Newspaper Federal Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, […]

ALEXANDRIA, Va. (Jan. 15, 2021) – The National Credit Union Administration today announced the selection of Frank Kressman as General Counsel and Melane Conyers-Ausbrooks as Board Secretary. “Frank has an extensive career in law and a deep knowledge of financial regulation and credit unions,” said NCUA Chairman Rodney E. Hood. “This, together with his more […]

ALEXANDRIA, Va. (Jan. 12, 2021) – The National Credit Union Administration today announced the selection of Melissa M. Lowden as the agency’s next Deputy Chief Financial Officer, effective January 17, 2021. Lowden will help lead a team of more than 50 employees who perform essential functions, including accounting and financial reporting, enterprise risk management, strategic […]

ALEXANDRIA, Va. (Jan. 12, 2021) – Federally insured, low-income credit unions seeking Community Development Financial Institution certification can apply to use the National Credit Union Administration’s streamlined qualification process beginning Jan. 24. “Expanding access and opportunity is fundamental to the credit union system’s mission, and it is one of the pillars of ACCESS, the agency’s […]

Board Action Bulletin NCUA Board Adopts Changes Reflected in Industry Recommendations ALEXANDRIA, Va. (June 20, 2013) – The National Credit Union Administration (NCUA) Board convened its sixth scheduled open meeting of 2013 at the agency’s headquarters here today. The Board unanimously approved: A final rule updating the regulation of loan participations for all federally insured […]

ALEXANDRIA, Va. (Jan. 11, 2021) – Today, National Credit Union Administration Chairman Rodney E. Hood announced that he assigned Vice Chairman Kyle S. Hauptman as the NCUA Board’s liaison to the Defense Credit Union Council and the National Association of State Credit Union Supervisors. The Federal Credit Union Act empowers the NCUA Chairman to determine […]

ALEXANDRIA, Va. (Jan. 7, 2021) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement today to NCUA staff regarding the riots that took place yesterday at the Capitol. “As a public servant who has sworn an oath to protect and defend the Constitution, I was deeply shocked and profoundly saddened by […]

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (Jan. 5, 2021) – The National Credit Union Administration today placed C O Federal Credit Union in Charleston, South Carolina, into conservatorship. Member deposits at C O Federal Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the […]

ALEXANDRIA, Va. (Jan. 4, 2021) – The National Credit Union Administration Board unanimously approved, by notation vote, a request for information (opens new window) seeking comments and information on the NCUA’s communication methods to promote efficiency and increase transparency. “This request for information seeks public input on how the agency can streamline and improve its […]

ALEXANDRIA, Va. (Dec. 31, 2020) – The National Credit Union Administration issued two prohibition orders in December. These individuals are prohibited from participating in the affairs of any federally insured financial institution. Vanessa Anderson-Hollins, a former employee of Port of Houston Warehouse Federal Credit Union, Houston, Texas, agreed and consented to the issuance of a […]