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 […]

NCUA Micro-Enterprise Lending Webinar Can Help Credit Unions Serve Businesses

ALEXANDRIA, Va. (June 21, 2016) – Credit unions can learn how to assist member small businesses while helping their own bottom lines by joining the National Credit Union Administration’s upcoming webinar, “Micro-Enterprise Lending – Making Loans to Small Businesses.” This 90-minute webinar is scheduled for Wednesday, July 13, 2016 at 2 p.m. Eastern. Online registration […]

22 Credit Unions Agree to Late-Filing Penalties for Fourth Quarter of 2015

ALEXANDRIA, Va. (May 16, 2016) – Twenty-two federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the fourth quarter of 2015 have consented to penalties, the National Credit Union Administration announced today. Twenty-eight credit unions consented to penalties in the fourth quarter of 2014. The late filers will pay […]

Montauk Credit Union Merges into Bethpage Federal Credit Union

Member Accounts Remain Protected to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (March 31, 2016) – Montauk Credit Union of New York, New York, has merged into Bethpage Federal Credit Union of Bethpage, New York, effective today, the National Credit Union Administration announced. The new Bethpage members should experience no interruption in services, and member deposits […]

NCUA Combined Federal Campaign Pledges Exceed $101,000

Agency Honored in Four Categories Recognizing Employees’ Efforts  ALEXANDRIA, Va. (Feb. 17, 2016) – National Credit Union Administration employees pledged $101,179 to the 2015 Combined Federal Campaign of the National Capital Area, earning multiple honors from the world’s largest workplace giving campaign. “NCUA’s employees are both dedicated public servants and model corporate citizens,” NCUA Board […]

November NCUA Board Video Available

ALEXANDRIA, Va. (Dec. 16, 2015) – The video recording of the November 2015 open meeting of the National Credit Union Administration Board is now available on the agency’s website. Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year. The November open Board meeting’s agenda […]

NCUA Places Helping Other People Excel Federal Credit Union into Conservatorship

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, VA. (October 16, 2015) – The National Credit Union Administration today placed Helping Other People Excel Federal Credit Union of Jackson, New Jersey, into conservatorship. Members can continue to conduct normal financial transactions, deposit and access funds, and use shares through Pinnacle Federal Credit Union […]

NCUA Awards a Record $2 Million in Grants

ALEXANDRIA, Va. (Aug. 5, 2015) – Grants totaling more than $2 million will help 225 low-income credit unions expand products and services, open branches or relocate offices, advance digital growth and provide greater security for their members, the National Credit Union Administration announced today. “The second grant round of 2015 proved to be the largest […]