FFIEC Provides Update of Examination Modernization Project

For Immediate Release: March 22, 2018 The members of the Federal Financial Institutions Examination Council (FFIEC) today announced an update on its Examination Modernization Project that was undertaken as a follow-up to the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). The objective of the project is to identify and […]

FFIEC Announces Availability of 2016 Data on Mortgage Lending

For Immediate Release: September 28, 2017 The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data cover 2016 lending activity and […]

Tracy Federal Credit Union Placed Into Conservatorship

March 19, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today placed into conservatorship Tracy Federal Credit Union of Tracy, California. The action was taken to preserve member assets and ensure uninterrupted credit union service. Member funds are federally insured by the National Credit Union Share Insur ance Fund up to at least […]

Eastern Financial Florida Credit Union Placed In Conservatorship

Eastern Financial Florida Credit Union is Open and Operating; Member Accounts are Safe and Federally Insured  April 24, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of the operations of Eastern Financial Florida Credit Union, a state-chartered, federally insured credit union headquartered in Miramar, Florida. The Florida Office of Financial Regulations, […]

NCUA Charters Maine Harvest Federal Credit Union

Credit Union Will Offer Affordable Financial Services to Farm and Food Production Community ALEXANDRIA, Va. (Aug. 23, 2019) – The state of Maine has a new credit union, Maine Harvest Federal Credit Union, headquartered in Unity. The National Credit Union Administration on August 14 granted a federal charter and Share Insurance Fund coverage to Maine […]

CDRLF Grant Round Opens June 2

NCUA Will Award $2 Million for Underserved Outreach, Digital Services, Counselor Certification, and Training ALEXANDRIA, Va. (April 18, 2019) – Low-income credit unions interested in Community Development Revolving Loan Fund grants can submit applications between June 2 and July 20. “Creating opportunities for credit unions to serve low-income and rural communities is central to the […]

Board Approves Annual Performance Plan

Board Action Bulletin ALEXANDRIA, Va. (Jan. 17, 2019) – The National Credit Union Administration Board held its first open meeting of 2019 at the agency’s headquarters today and unanimously approved two items: The agency’s 2019 Annual Performance Plan, which outlines the strategies and indicators the NCUA will use to improve performance and set priorities for […]

NCUA Webinar Will Discuss Using a Narrative for Community Charter Applications

ALEXANDRIA, Va. (Oct. 9, 2018) – Credit unions can get valuable information about using a “well-defined local community” field-of-membership narrative for community charter applications on an Oct. 24 webinar hosted by the National Credit Union Administration. Online registration (opens new window) is now open. Participants will use this link to log into the webinar and […]

$736 Million Share Insurance Distribution Payments to Occur Week of July 23

ALEXANDRIA, Va. (July 17, 2018) – Next week, the National Credit Union Administration will pay dividends for more than 5,700 institutions eligible for the $735.7 million Share Insurance distribution, the agency announced today. Statements will be mailed to dividend recipients this week, indicating the amounts they will receive. An institution that filed a quarterly Call […]

Beverly Bus Garage Federal Credit Union Conserved

Deposits Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (March 14, 2018) – The National Credit Union Administration today placed Beverly Bus Garage Federal Credit Union, in Chicago, Illinois, into conservatorship. Member deposits at Beverly Bus Garage Federal Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the […]