NCUA Releases Q2 2017 Credit Union System Performance Data

ALEXANDRIA, Va. (Sept. 6, 2017) – Data on the financial performance of federally insured credit unions in the quarter ending June 30, 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 […]

NCUA Has Disaster Resources for Areas Affected by Hurricane Irma

ALEXANDRIA, Va. (Sept. 7, 2017) – The National Credit Union Administration recognizes the serious threat Hurricane Irma poses to credit unions and their members. The agency remains ready to provide assistance to those impacted by the disaster. As part of their disaster preparedness, the NCUA advises credit union staff to keep in contact with local […]

12 Credit Unions Agree to Late-Filing Penalties for First Quarter 2017

ALEXANDRIA, Va. (Sept. 8, 2017) – The number of federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the first quarter of 2017 was lower than recent trends, the National Credit Union Administration announced today. Twelve credit unions consented to penalties totaling $2,853, the agency said. A list of […]

NCUA Sets Budget Briefing for Oct. 18

Draft Budget Available Week of Oct. 2; Deadline for Comments Oct. 27 ALEXANDRIA, Va. (Sept. 12, 2017) – The National Credit Union Administration will hold a public briefing on its proposed 2018–2019 budget on Wednesday, Oct. 18, from 2 p.m. to 4 p.m. Eastern in the agency’s boardroom in Alexandria, Virginia. “We continue our commitment […]

Credit Union Growth Trends Continue in Second Quarter of 2017

ALEXANDRIA, Va. (Sept. 14, 2017) – Federally insured credit unions across the country saw continued improvement in nearly every category during the second quarter of 2017, according to state-level data compiled by the National Credit Union Administration and released today. Nationally, median loan growth in federally insured credit unions was 4.4 percent during the year […]

NCUA Charters Clean Energy Federal Credit Union

New Credit Union Will Provide Affordable Financial Services to Support Members’ Clean Energy Needs ALEXANDRIA, Va. (Sept. 18, 2017) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Clean Energy Federal Credit Union in Boulder, Colorado. Clean Energy will serve the 4,300 members of the American Solar […]

NCUA Warning Credit Unions of Hurricane Maria’s Approach

ALEXANDRIA, Va. (Sept. 19, 2017) – Credit unions in the path of Hurricane Maria, currently a Category 5 storm, are being advised to take precautions as it approaches the Virgin Islands and Puerto Rico, the National Credit Union Administration said today. Hurricane Maria is being called “extremely dangerous” by the National Hurricane Center. The storm […]

NCUA Board Re-Schedules September Closed Meeting

ALEXANDRIA, Va. (Sept. 20, 2017) – The National Credit Union Administration Board has re-scheduled its September closed meeting. The September closed meeting will be held Wednesday, Sept. 27, beginning at 4 p.m. Eastern. The September open meeting will still be held Thursday, Sept. 28, beginning at 10 a.m. Eastern. Both meetings were originally scheduled for […]

CDFI Fund Awards $39.5 Million to 56 Credit Unions

ALEXANDRIA, Va. (Sept. 21, 2017) – Fifty-six federally insured credit unions will receive awards totaling $39.5 million from the Community Development Financial Institutions Fund, the National Credit Union Administration announced today. Twenty-seven of the credit unions are first-time awardees. In 2016, 22 credit unions won awards. A list of all the awardees is available online […]

NCUA Working to Monitor and Assist Credit Unions in Areas Hit by Hurricane Maria

ALEXANDRIA, Va. (Sept. 26, 2017) – As Puerto Rico and the Virgin Islands work to recover from the destruction of Hurricane Maria, the National Credit Union Administration has resources available to help credit unions affected by the storm. There are eight federally chartered credit unions headquartered in Puerto Rico and five in the Virgin Islands. […]