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 […]

Wisconsin Heights CU Closed; Members Now Served by CoVantage Credit Union

Service to Members Continues Uninterrupted; Deposits Federally Insured up to $250,000  ALEXANDRIA, Va. (March 4, 2011) — The National Credit Union Administration (NCUA) today was appointed liquidating agent of Wisconsin Heights Credit Union of Ogema, Wisconsin, by the Wisconsin Office of Credit Unions.   NCUA immediately signed an agreement with CoVantage Credit Union of Antigo, […]

Norbel Credit Union Closes; Members Now Served by Security Service Federal Credit Union

Member accounts federally insured, service to members continues uninterrupted ALEXANDRIA, Va. (July 29, 2010) – The National Credit Union Administration (NCUA) today was appointed liquidating agent of Norbel Credit Union of Fort Collins, Colorado, by the Colorado Division of Financial Services (DFS); and Security Service Federal Credit Union of San Antonio, Texas, immediately purchased and […]

West Texas Credit Union Closes

Members Now Served by Security Service Federal Credit Union ALEXANDRIA, Va. (October 1, 2009) – The National Credit Union Administration (NCUA) announces today that Security Service Federal Credit Union, of San Antonio, Texas, has purchased the assets and assumed the member shares of liquidated West Texas Credit Union of El Paso, Texas. The Texas Credit […]

NCUA’s Hood Leads Discussion on Minority Depository Institution Preservation

Chairman Moderates Conversation with Financial Regulators during Freedman’s Bank Forum WASHINGTON, D.C. (March. 3, 2020) — Before attendees of the Freedman’s Bank Forum (opens new window) today, National Credit Union Administration Chairman Rodney E. Hood offered welcoming remarks and moderated a panel discussion on the importance of minority depository institution preservation. “The founding of the Freedman’s Bank was […]

Closed Board Meeting – January 23, 2020

The NCUA Board considered a Supervisory Matter, which remains confidential at this time. The Board also considered two Personnel Actions, one of which remains confidential. In the second action the Board approved the appointment of senior staff positions. Related posts: Closed Board Meeting – January 23, 2014 Closed Board Meeting – January 21, 2016 Closed […]

NCUA’s Hood: Juneteenth Compels Us to Advance the Goal of Financial Inclusion

NCUA Issues Annual Report on Efforts to Preserve Minority Credit Unions ALEXANDRIA, Va. (June 19, 2020) – The celebration of Juneteenth compels all of us to do our part to advance the goal of greater financial inclusion for more Americans, National Credit Union Administration Chairman Rodney E. Hood said today.  “As the nation celebrates this […]

Hood Appoints Harper to NeighborWorks America Board of Directors

ALEXANDRIA, Va. (August 6, 2020) – Today, National Credit Union Administration Chairman Rodney E. Hood announced the appointment of Board Member Todd M. Harper as the agency’s representative on the Board of Directors of NeighborWorks America, one of the nation’s leading affordable housing and community development organizations. “I congratulate Board Member Harper on his selection […]