Foster Chosen as Public and Congressional Affairs Director

ALEXANDRIA, Va. (March 20, 2017) – Bob Foster has been selected as Director of the National Credit Union Administration’s Office of Public and Congressional Affairs, the agency announced today. Foster, who served as NCUA’s Deputy Director of Public and Congressional Affairs from 2008 until 2011, assumed his duties Friday. “Bob’s extensive experience in financial legislation […]

February 2017 NCUA Board Meeting Video Available

ALEXANDRIA, Va. (March 20, 2017) – The video recording of the Feb. 23, 2017, open meeting of the National Credit Union Administration Board is now available on the agency’s website. Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year. At the February open meeting, […]

Banking Agencies Issue Joint Report to Congress Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996

Joint Release: Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For Immediate Release: March 21, 2017 WASHINGTON—Continuing their efforts to reduce regulatory burdens while ensuring the safety and soundness of the nation’s financial institutions, member agencies of the Federal Financial […]

Field-of-Membership Webinar and Questions and Answers Now Online

NCUA Plans to Issue Additional Guidance on New Rule in the Coming Months ALEXANDRIA, Va. (March 23, 2017) – Credit union stakeholders wanting more information about the National Credit Union Administration’s new field-of-membership rule can now watch the agency’s webinar online (opens new window) and review questions and answers (opens new window) from the event. […]

National Financial Literacy Month Highlights the Importance of Education

Credit Unions Can Find Resources at MyCreditUnion.gov ALEXANDRIA, Va. (March 31, 2017) – Educated consumers are better-prepared to build financial security and protect themselves from scams, and the National Credit Union Administration encourages credit unions to continue helping members better understand personal financial matters during Financial Literacy Month. Consumers who have a strong foundation in […]

Valley State Credit Union Closes; ELGA Assumes Loans, Assets, and Shares

Member Accounts Protected by Share Insurance Fund; Services Continue ALEXANDRIA, Va. (March 31, 2017) – The State of Michigan Department of Insurance and Financial Services today liquidated Valley State Credit Union of Saginaw, Michigan, and named the National Credit Union Administration as liquidating agent. ELGA Credit Union of Burton, Michigan, immediately assumed Valley State Credit […]

New NCUA Videos Show How to Run Effective Credit Union Board Meetings

ALEXANDRIA, Va. (April 5, 2017) – Are your credit union’s board meetings as effective as they could be? The National Credit Union Administration today released its new video series, “Effective Board Meetings,” aimed at helping credit union directors make the best use of their meetings. This four-part series features different examples of well-run and poorly […]

NCUA Schedules Special Closed Board Meeting

ALEXANDRIA, Va. (April 7, 2017) – The National Credit Union Administration Board has scheduled a special closed meeting for Wednesday, April 12, 2017, beginning at 1 p.m. The meeting agenda is available on NCUA’s Board Meeting Calendar and Actions webpage. The meeting is being called to allow the Board to consider a supervisory action and […]

April 18 Twitter Chat Will Focus on Personal Finances

Join the #NCUAChat Conversation to Hear About Improving Financial Well-Being ALEXANDRIA, Va. (April 7, 2017) – Personal finances and building financial security will be the focus of the National Credit Union Administration’s April 18 Twitter chat, part of the agency’s activities during Financial Capability Month. The Twitter chat, scheduled for Tuesday, April 18, beginning at […]

NCUA Warns of Fake Check Scams

Consumers Should Be Vigilant and Avoid Depositing Checks from Unknown Parties ALEXANDRIA, Va. (April 10, 2017) – Consumers should be on the lookout for fake check scams, the National Credit Union Administration warned today after receiving numerous inquiries from consumers. There are many versions of a fake check scam. However, the result is the same. Scammers […]