Monthly Archives: January 1970

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 […]

Board Action Bulletin Estimated Distribution $600 Million to $800 Million; Share Insurance Fund Normal Operating Level Set at 1.39 Percent ALEXANDRIA, Va. (Sept. 28, 2017) – The National Credit Union Administration Board held its seventh open meeting of 2017 at the agency’s headquarters here today and unanimously approved three items: A plan to close the […]

Member Services Continue, Deposits Remain Protected by Share Insurance Fund ALEXANDRIA, Va. (Oct. 2, 2017) – The National Credit Union Administration today liquidated Shreveport Federal Credit Union of Shreveport, Louisiana. Red River Employees Federal Credit Union of Texarkana, Texas, immediately assumed Shreveport Federal Credit Union’s membership and most shares, loans, and other assets. Red River […]

Agency Accepting Comments and Budget Briefing Presentation Requests ALEXANDRIA, Va. (Oct. 6, 2017) – The National Credit Union Administration’s 2018–2019 budget proposal is now available online, and the agency is accepting comments as well as requests to present at its Oct. 18 budget briefing. The detailed budget proposal that will be discussed at the budget […]

ALEXANDRIA, Va. (Oct. 6, 2017) – Credit unions in the path of Tropical Storm Nate are being advised to take precautions as the storm nears the Gulf Coasts of Louisiana, Mississippi, Alabama and Florida, the National Credit Union Administration said today. Currently a tropical storm with winds of up to 50 miles an hour, Nate […]

ALEXANDRIA, Va. (Oct. 12, 2017) – The National Credit Union Administration is monitoring a series of wildfires in California and stands ready to provide assistance to federally insured credit unions in the affected areas, the agency announced today. Currently there are 22 wildfires burning throughout the state and these fires continue to be a growing […]

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: October 17, 2017 WASHINGTON — Responding to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies today took action to facilitate […]

Comments on the Proposed Budget Due by Oct. 27 ALEXANDRIA, Va. (Oct. 18, 2017) – The National Credit Union Administration’s proposed 2018-2019 budget process continued today with a public briefing, and Board members encouraged credit union stakeholders to provide the agency with comments. During the briefing today, NCUA Board Chairman J. Mark McWatters said the […]

NCUA Offers Online Resources for Credit Unions and Members ALEXANDRIA, Va. (Oct. 19, 2017) – International Credit Union Day, being celebrated today, is a good opportunity to promote financial literacy, and the National Credit Union Administration offers online resources to help credit unions and members reach that goal. The NCUA’s MyCreditUnion.gov (opens new window) and […]

Board Action Bulletin Share Insurance Fund Posts Quarterly Loss Due to Increased Loss Provisions ALEXANDRIA, Va. (Oct. 19, 2017) – The National Credit Union Administration Board held its eighth open meeting of 2017 at the agency’s headquarters here today and unanimously approved four items: A final rule enhancing due process and providing consistency with other […]