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 […]

Closed Board Meeting – September 24, 2019

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 […]

NCUA Awards $1.9 Million in Grants to 155 Low-Income Credit Unions

ALEXANDRIA, Va. (Sept. 13, 2019) – The National Credit Union Administration has awarded $1.9 million in grants (opens new window) to help 155 low-income credit unions increase outreach to underserved communities, improve digital services and security, and train employees. The NCUA awarded grants ranging from $1,900 to $100,000 to credit unions in 40 states and […]

New NCUA Video Helps Explain the Home Buying Process

ALEXANDRIA, Va. (June 11, 2019) – Buying a home can be confusing, so the National Credit Union Administration has created a new video that makes the process easier to understand. The NCUA video, Understanding the Basics of Obtaining a Home Mortgage (opens new window), guides potential homebuyers through the steps of shopping for the right […]

Board Approves Share Insurance Equity Distribution in 2019

ALEXANDRIA, Va. (March 7, 2019) – The National Credit Union Administration Board today approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund that will be paid to eligible credit unions in the second quarter of 2019. “While continuing to advance the objectives of protecting member deposits and maintaining a safe […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions and their Customers Affected by California Wildfires

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the California Department of Business Oversight recognize the serious impact of the California wildfires on the customers, members, and operations of many financial institutions and will provide […]

NCUA Charters Everest Federal Credit Union

Credit Union Will Bring Much-Needed Services to the Nepali-American community ALEXANDRIA, Va. (Aug. 28, 2018) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Everest Federal Credit Union in Jackson Heights, New York. “The first credit union to serve the Nepalese diaspora, Everest Federal Credit Union is […]

Board Revises 2018 Meeting Schedule

ALEXANDRIA, Va. (May 3, 2018) – The National Credit Union Administration Board has revised its 2018 meeting schedule. The open meeting originally scheduled for July 26 has been moved to Aug. 2. All open Board meetings are scheduled to begin at 10 a.m. Eastern. The revised meeting schedule is as follows: May 24 June 21 […]