April 2017 NCUA Board Meeting Video Available

ALEXANDRIA, Va. (May 17, 2017) – The video recording of the April 20, 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 April open meeting, […]

NCUA Accepting Community Development Grant Applications Beginning July 1

Approximately $2 Million Available; NCUA Hosting June 14 Webinar with Details ALEXANDRIA, Va. (May 17, 2017) – Low-income credit unions interested in applying for Community Development Revolving Loan Fund grants can begin submitting applications on July 1, the National Credit Union Administration announced today. An online application form, an explanation of grant requirements, and other […]

NCUA: Be Sure Your Cyber Defenses are Ready

ALEXANDRIA, Va. (May 22, 2017) – In the wake of the “WannaCry” global ransomware attack, the National Credit Union Administration reminds federally insured credit unions to verify they have effective controls in place to prevent similar attacks. NCUA provides credit unions with extensive information on protecting systems, cybersecurity preparedness, and ransomware defense strategies at its […]

25 Credit Unions Agree to Late-Filing Penalties for Fourth Quarter 2016

ALEXANDRIA, Va. (May 23, 2017) – Twenty-five federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the fourth quarter of 2016 have consented to penalties totaling $10,365, the National Credit Union Administration announced today. In the fourth quarter of 2015, 22 credit unions consented to penalties. Individual penalties ranged […]

Board Proposes Rules on Mergers, Appeals

Board Action Bulletin Stabilization Fund Reports Continued Positive Net Position ALEXANDRIA, Va. (May 25, 2017) – The National Credit Union Administration Board held its fourth open meeting of 2017 at the agency’s headquarters here today and unanimously approved three items: A proposed rule to provide greater transparency to members of federal credit unions when those […]

Closed Board Meeting – May 25, 2017

Board Action Bulletin The NCUA Board considered a Supervisory Review Committee Appeal, and two Supervisory Actions. All three items remain confidential at this time. NCUA tweets all open Board meetings live. Follow @TheNCUA (opens new window) on Twitter, and access Board Action Memorandums and NCUA rule changes at www.ncua.gov. NCUA also live streams, archives and […]

Financial Institution Regulatory Agencies Issue Advisory on Appraiser Availability

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: May 31, 2017 WASHINGTON—Responding to concerns over the limited availability of state-certified and -licensed appraisers, particularly in rural areas, the Board of Governors of the Federal Reserve […]

June 7 NCUA Twitter Chat Will Cover New Learning Management Service

Follow the Conversation at @TheNCUA ALEXANDRIA, Va. (June 1, 2017) – Credit unions can share their experiences using the National Credit Union Administration’s new online Learning Management Service during an #NCUAChat scheduled for Wednesday, June 7, beginning at 2 p.m. Eastern. During the chat, staff from NCUA’s Office of Small Credit Union Initiatives will be […]

NCUA Releases Q1 2017 Credit Union System Performance Data

ALEXANDRIA, Va. (June 5, 2017) – Data on the financial performance of federally insured credit unions in the quarter ending March 31, 2017, are now available from the National Credit Union Administration. NCUA makes detailed credit union system performance data available on its Credit Union and Call Report Data webpage, including Call Report quarterly summaries […]

Closed Board Meeting – June 21, 2017

The NCUA Board placed three credit unions into conservatorship: LOMTO Federal Credit Union (Woodside, NY); Riverdale Credit Union (Selma, AL); and Citizens Community Credit Union (Devils Lake, ND). The NCUA Board also considered an appeal of denial of official, which remains confidential at this time. Related posts: NCUA Places PEF Federal Credit Union into Conservatorship […]