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 […]

Final Opportunity to Qualify for Streamlined CDFI Application in 2019 Ends Oct. 5

Credit Unions Should be Aware of Changes to CDFI Certification Rules ALEXANDRIA, Va. (Sept. 16, 2019) – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions have until Oct. 5 to apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification. This will be the final […]

NCUA: Q1 2019 State Credit Union Data Report Now Available

ALEXANDRIA, Va. (June 14, 2019) – Federally insured credit unions generally saw continued positive trends in the first quarter of 2019, according to the latest NCUA Quarterly U.S. Map Review (opens new window). The review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information […]

NCUA Board’s Partnership Transformed Regulatory Structure

ALEXANDRIA, Va. (March 12, 2019) – By working together in a bipartisan manner, the NCUA Board enacted a number of regulatory reforms and modernization initiatives to meet its statutory obligation of ensuring a safe and sound credit union system while providing credit unions with measures of regulatory relief, National Credit Union Administration Board Chairman J. […]

Board Approves 2019-2020 Budgets

Board Action Bulletin ALEXANDRIA, Va. (Nov. 15, 2018) – The National Credit Union Administration Board held its tenth open meeting of 2018 at the agency’s headquarters today and unanimously approved two items: Operating, capital, and Share Insurance Fund budgets for 2019 and 2020 to fund the agency’s essential activities and strategic priorities. A proposed rule […]

Melrose Credit Union Closes; Teachers Federal Credit Union Assumes Members, Shares, and Some Loans and Other Assets

Member Deposits Protected to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Aug. 31, 2018) – The National Credit Union Administration today liquidated Melrose Credit Union of Briarwood, New York. Teachers Federal Credit Union, of Hauppauge, New York, immediately assumed all of Melrose’s members and shares as well as some loans and other assets. Teachers Federal Credit […]

NCUA Webinar Will Explain Benefits of CDFI Certification

ALEXANDRIA, Va. (May 4, 2018) – Credit unions interested in becoming designated as Community Development Financial Institutions can get valuable information on an upcoming webinar hosted by the National Credit Union Administration. The webinar, “Benefits of CDFI Certification,” is scheduled for Wednesday, May 16, beginning at 2 p.m. Eastern. Online registration is available here (opens […]

Low-Income Credit Unions in Florida, Puerto Rico, Texas, and the Virgin Islands Have an Opportunity to Obtain CDFI Certification

NCUA Opens Special Round of Streamlined Process; Deadline Feb. 16 ALEXANDRIA, Va. (Jan. 26, 2018) – Low-income credit unions in Florida, Puerto Rico, Texas, and the U.S. Virgin Islands, areas hit hardest by hurricanes Harvey, Irma, and Maria last fall, have a special opportunity to seek certification as Community Development Financial Institutions through the National […]

NCUA Monitoring Wildfires in California; Stands Ready to Assist

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 […]