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 Chairman Hood: Promoting Savings, Education Central to the Credit Union Mission

Credit Unions Provide Education Services to More than 104 Million Members WASHINGTON, D.C. (Nov. 6, 2019) – Credit unions can play an important role in helping more Americans save and build stronger financial futures by providing financial education and expanding access, National Credit Union Administration Chairman Rodney E. Hood said today. “If we are to […]

NCUA Issues Prohibition Notices and Orders

ALEXANDRIA, Va. (Sept. 30, 2019) – The National Credit Union Administration issued five prohibition notices and two prohibition orders in September. These seven individuals are prohibited from participating in the affairs of any federally insured financial institution. Richard Fortney, a former institution-affiliated party of Mid East Tennessee Community Credit Union in Decatur, Tennessee, agreed and […]

Catherine Galicia Named Senior Policy Counsel to NCUA Board Member Harper

ALEXANDRIA, Va. (July 12, 2019) – Catherine Galicia has been named senior policy counsel to National Credit Union Administration Board Member Todd M. Harper. Galicia joins the NCUA from the Consumer Financial Protection Bureau, where she directed legislative affairs. She assumed her duties July 8. “For more than two decades, Catherine has deeply impressed me […]

NCUA: Q4 2018 State Credit Union Data Report Now Available

ALEXANDRIA, Va. (March 14, 2019) – Federally insured credit unions generally saw continued positive trends in the fourth quarter of 2018, according to the latest NCUA Quarterly U.S. Map Review. The review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information on two important […]

NCUA Selects Leventis as Chief Economist

ALEXANDRIA, Va. (Nov. 26, 2018) – The National Credit Union Administration has selected Andrew Leventis as its new Chief Economist. Leventis will begin his duties on Dec. 10. He succeeds Ralph Monaco, who is retiring at the end of the year after seven years with the NCUA and more than 26 years in public service. […]

Agencies Issue Statement Reaffirming the Role of Supervisory Guidance

WASHINGTON—Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency—confirms that supervisory guidance does not […]

Closed Board Meeting – May 24, 2018

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and […]