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 […]

Bagumbayan Credit Union Closes, Shares Assumed by Great Lakes Credit Union

​Member Deposits Remain Protected to $250,000 by the Share Insurance Fund ALEXANDRIA, Va. (Jan. 21, 2014) – The National Credit Union Administration, in its role as conservator, today announced the liquidation of Bagumbayan Credit Union of Chicago. Great Lakes Credit Union of North Chicago, Ill., immediately assumed Bagumbayan’s members and deposits. Great Lakes Credit Union […]

I.C.E. Federal Credit Union Closes

Member Deposits Protected up to $250,000; Consumer Service Hotline Open ALEXANDRIA, Va. (March 15, 2013) – The National Credit Union Administration (NCUA) today liquidated I.C.E. Federal Credit Union of Inglewood, Calif. NCUA made the decision to liquidate I.C.E. Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect […]

Trinity Credit Union Placed Under NCUA Conservatorship

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (July 27, 2012) – The National Credit Union Administration (NCUA) today assumed control of service and operations at Trinity Credit Union, a state-chartered, federally insured credit union headquartered in Trinidad, Colo.  The Colorado Division of Financial Services placed Trinity Credit Union into conservatorship and […]

​Increase Less than Half of 2011 Growth Rate; No Share Insurance Fund Premium for 2011

Board Action Bulletin ALEXANDRIA, Va. (Nov. 17, 2011) – The National Credit Union Administration (NCUA) Board convened its twelfth open meeting of 2011 at the agency’s headquarters here today and unanimously approved six items: A 2012 budget of $236.9 million, representing a 5.1 percent increase – less than half the 12-13 percent budget growth rates […]

Utah Central Credit Union Closes

Members Now Served by Chartway Federal Credit Union Deposits Remain Federally Insured up to $250,000 and Member Service Continues Uninterrupted   Alexandria, Va. (April 29, 2011) —The Utah Department of Financial Institutions today appointed the National Credit Union Administration (NCUA) as the liquidating agent for Utah Central Credit Union of Salt Lake City. Chartway Federal […]

Closed Board Meeting – September 16, 2010

Board Action Bulletin The NCUA Board voted unanimously to amend Supervision Delegations of Authority, SUP 21 and SUP 42. The NCUA Board considered one supervisory matter that remains confidential at this time. The NCUA Board considered two Delegations of Authority that remain confidential at this time. The NCUA tweets all open Board meetings live. Follow […]

Friendship Community Federal Credit Union Closes

Members Now Served by Shreveport Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (February 25, 2010) – The National Credit Union Administration (NCUA) today liquidated Friendship Community Federal Credit Union of Clarksdale, Mississippi, and accepted Shreveport Federal Credit Union’s offer to purchase and assume the credit union. Shreveport Federal Credit Union purchased […]