Monthly Archives: January 1970

ALEXANDRIA, Va. (Feb. 8, 2017) – Twenty-six federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the third quarter of 2016 have consented to penalties totaling $17,485, the National Credit Union Administration announced today. In the third quarter of 2015, 22 credit unions consented to penalties. Individual penalties ranged […]

Member Deposits Remain Protected to $250,000; Member Services Uninterrupted  ALEXANDRIA, Va. (Feb. 10, 2017) – The New York State Department of Financial Services today took possession of Melrose Credit Union, located in Briarwood, New York, and appointed the National Credit Union Administration as conservator. Deposits at Melrose Credit Union remain protected by the National Credit […]

NCUA’s Streamlined Application Process Aims to Certify More Credit Unions ALEXANDRIA, Va. (Feb. 13, 2017) – Federally insured low-income credit unions can now apply for certification as community development financial institutions through the streamlined application process developed by the National Credit Union Administration and the Community Development Financial Institutions Fund. “Through CDFI certification, low-income credit […]

Reports Cover Share Insurance Fund, Operating Fund, CLF and CDRLF ALEXANDRIA, Va. (Feb. 16, 2017) – The National Credit Union Administration’s four permanent funds have again received unmodified, or “clean,” audit opinions for 2016, according to audited financial statements released today by the Office of the Inspector General. “I appreciate the work NCUA staff performs […]

Discussion on Prepaid Account Rules Moved to Future Webinar ALEXANDRIA, Va. (Feb. 21, 2017) – Credit unions will have the opportunity to learn more about the Equal Credit Opportunity Act and its implementing Regulation B during the National Credit Union Administration’s Feb. 28 consumer compliance webinar. This topic is replacing the discussion on prepaid account […]

ALEXANDRIA, Va. (Feb. 23, 2017) – Updated Questions and Answers about the Corporate Resolution program costs and projected future Temporary Corporate Credit Union Stabilization Fund assessments are now available online (opens new window), the National Credit Union Administration said today. The upper and lower ends of the projected assessment range for the Temporary Corporate Credit […]

Board Action Bulletin Share Insurance Fund Remains in Stable Position ALEXANDRIA, Va. (Feb. 23, 2017) – The National Credit Union Administration Board held its second open meeting of 2017 at the agency’s headquarters here today and unanimously approved one item: A staff recommendation to maintain until Sept. 10, 2018, the current 18-percent maximum loan interest […]

America Saves and Military Saves Weeks a Reminder to Put Something Aside ALEXANDRIA, Va. (Feb. 24, 2017) – Credit unions and their members can get valuable information on saving and improving their financial security from the National Credit Union Administration. NCUA makes information about saving and managing money available on its consumer website, MyCreditUnion.gov (opens […]

February 2017 Issue Now Available Online ALEXANDRIA, Va. (Feb. 24, 2017) – The National Credit Union Administration’s NCUA Report newsletter is moving to a quarterly publication schedule, the agency announced today. The February 2017 issue is now available online here. The next issues in 2017 will be available in May, August and November. The February […]

“Cooperative Spirit,” Board Member says, “Truly Makes America Great” WASHINGTON (Feb. 28, 2017) – Modernized rules and a more efficient and responsive agency have been part of a “very productive and rewarding” turn at the helm of the National Credit Union Administration, NCUA Board Member and former Chairman Rick Metsger said today. “It’s been a […]