Monthly Archives: January 1970

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (April 13, 2017) – The National Credit Union Administration today placed Shreveport Federal Credit Union, in Shreveport, Louisiana, into conservatorship. Member deposits at Shreveport Federal Credit Union remain federally insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance […]

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (April 20, 2017) – The National Credit Union Administration today placed Community United Federal Credit Union, in Waycross, Georgia, into conservatorship. Member deposits at Community United remain federally insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund […]

Board Action Bulletin Board Approves Illinois’ Request to Revise Its Member Business Lending Rule ALEXANDRIA, Va. (April 20, 2017) – The National Credit Union Administration Board held its third open meeting of 2017 at the agency’s headquarters here today and unanimously approved one item: A request from the Illinois Department of Financial and Professional Regulation […]

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and […]

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and […]

Member Accounts Again Covered by the Share Insurance Fund ALEXANDRIA, Va. (April 25, 2017) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Firefighters First Federal Credit Union of Los Angeles. Firefighters First will serve the 510,000 employees and independent contractors who work in the fire protection […]

Agency’s Litigation Efforts Have Resulted in Nearly $4.8 Billion in Recoveries ALEXANDRIA, Va. (May 1, 2017) – The National Credit Union Administration, on behalf of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, has received $445 million from UBS for claims arising from losses related to purchases of residential mortgage-backed securities by […]

NCUA Recovers $400 Million from Credit Suisse ALEXANDRIA, Va. (May 3, 2017) – Legal recoveries by the National Credit Union Administration on behalf of five failed corporate credit unions that purchased residential mortgage-backed securities have reached $5.1 billion, the agency announced today. NCUA has received $400 million from Credit Suisse for claims arising from losses […]

ALEXANDRIA, Va. (May 3, 2017) – Qualified credit unions interested in applying for consulting assistance from the National Credit Union Administration have until May 31 to submit nominations, the agency announced today. Eligible credit unions should complete the agency’s online application form [link no longer available]. Credit unions can nominate themselves or be nominated by […]

New Service, Available 24/7, Tailors Training to Credit Union Needs ALEXANDRIA, Va. (May 8, 2017) – Credit union boards, staff and volunteers can connect more easily to essential training specific to their needs with a new portal provided by the National Credit Union Administration’s Office of Small Credit Union Initiatives. The Learning Management Service, available […]