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 […]

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 […]

Executive Order Establishes New Agency Seal

New Design Reflects NCUA’s Critical Role in Promoting Financial Stability ALEXANDRIA, Va. (Dec. 11, 2017) – President Donald J. Trump has signed an Executive Order establishing the new official seal for the National Credit Union Administration, the agency announced today. “As a federal regulator and insurer, one of the NCUA’s essential responsibilities is to maintain […]

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 […]

NCUA Charters Community HOPE Federal Credit Union

New Credit Union Will Provide Affordable Financial Services to a Low-Income Community in Lincoln, Nebraska ALEXANDRIA, Va. (June 12, 2017) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Community HOPE Federal Credit Union in Lincoln, Nebraska. Community HOPE will be able to serve approximately 40,000 residents […]

FCAMEC Federal Credit Union Closes

Member Deposits Protected up to $250,000 by Share Insurance Fund ALEXANDRIA, Va. (March 17, 2017) – The National Credit Union Administration today liquidated Florida Conference AME Church Federal Credit Union of Tallahassee, Florida. Member deposits are federally insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts […]

NCUA Webinar Will Cover New Field-of-Membership Rule

ALEXANDRIA, Va. (Jan. 11, 2017) – The National Credit Union Administration’s new field-of-membership rule takes effect Feb. 6, and you can get important information about the new rule in an agency webinar scheduled for Wednesday, Feb. 1. The 90-minute webinar, “New Field-of-Membership Rule – Effective February 6, 2017,” will begin at 2 p.m. Eastern. Prior […]

NCUA Honored for Providing Opportunities to Hispanic Students

Hispanic Association of Colleges and Universities Lauds Internship Program ALEXANDRIA, Va. (Oct. 25, 2016) – The National Credit Union Administration’s internship program has been recognized by the Hispanic Association of Colleges and Universities for its success providing opportunities for Hispanic students. The association presented NCUA with the Outstanding Public Sector Partner Award at its 30th […]