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 […]

Family First Federal Credit Union Placed Into Conservatorship

Family First is open, operating and serving its members July 30, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of operations at Family First Federal Credit Union of Orem, Utah. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations. Service […]

Chairman Hood: NCUA Will Take Phased Approach to Implement FOM Rule

ALEXANDRIA, Va. (Sept. 4, 2019) – National Credit Union Administration Chairman Rodney E. Hood issued the following detailed statement in response to the Aug. 20, 2019, D.C. Circuit Court of Appeals decision in American Bankers Association v. National Credit Union Administration: “In response to the D.C. Circuit’s ruling, which largely upholds the NCUA’s field-of-membership rules, […]

Share Insurance Dividend Payments to Occur the Week of May 20

ALEXANDRIA, Va. (May 21, 2019) – This week, the National Credit Union Administration will pay dividends for more than 5,500 institutions eligible for the $160.1 million National Credit Union Share Insurance Fund distribution, the agency announced today. “Prudent actions by the NCUA Board and the agency’s successful stewardship of the Share Insurance Fund made this […]

Supervisory Committee Audit Rule Changes Proposed

Board Action Bulletin ALEXANDRIA, Va. (Feb. 14, 2019) – The National Credit Union Administration Board held its second open meeting of 2019 at the agency’s headquarters today and unanimously approved one item: A proposed rule to clarify and provide additional flexibility in the agency’s regulation covering required credit union supervisory committee audits. The Office of […]

NCUA Board Re-Schedules December Open Meeting, Posts September Meeting Video

ALEXANDRIA, Va. (Oct. 23, 2018) – The National Credit Union Administration Board has re-scheduled its December open meeting and posted the video recording of its September open meeting (opens new window). The December meeting is now scheduled for Thursday, Dec. 13, beginning at 10 a.m. Eastern. The meeting, like all NCUA open board meetings, will […]

NCUA Files Notice of Charges Against Former Melrose CEO

NCUA Seeking Millions from the Melrose CEO for Breach of Duties ALEXANDRIA, Va. (Aug. 7, 2018) – The National Credit Union Administration Board, under an infrequently used authority, has filed administrative charges against Alan S. Kaufman, former chief executive officer, treasurer, and board member of Melrose Credit Union. The NCUA is seeking a prohibition order […]

Chairman McWatters’ letter to Senate Finance Committee Chairman Hatch

The Federal Financial Institutions Examination Council (FFIEC) members today issued a joint statement to describe matters that financial institutions should consider if they are determining whether to use cyber insurance as a component of their risk management programs. The FFIEC members do not require financial institutions to maintain cyber insurance. The evolving cyber insurance market […]