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 Report Describes How Credit Unions Can Serve “Credit-Invisible” Members

Report Stresses Solid Underwriting, Risk Management, Monitoring and Training ALEXANDRIA, Va. (April 12, 2016) – Credit unions may have opportunities to serve members who need to build credit histories, according to a new report by the National Credit Union Administration. Serving the Credit-Invisible, available online here (opens new window), explains how credit unions can build […]

Metsger Outlines “Important and Achievable Goals” for NCUA in 2016

NCUA Board Vice Chairman Says Agency and Credit Unions Must Embrace Change WASHINGTON (Feb. 23, 2016) – Saying credit unions and the National Credit Union Administration both must keep pace with a rapidly changing financial industry and economic environment, NCUA Board Vice Chairman Rick Metsger today pledged to take specific steps to do just that. […]

NCUA Returns Control of AEA Federal Credit Union to Members

ALEXANDRIA, Va. (Dec. 18, 2015) – AEA Federal Credit Union of Yuma, Arizona, is once again under the control of its members, the National Credit Union Administration announced today. “Much of the credit for this success goes to the hard work of AEA’s leadership team, credit union staff and the loyal membership,” NCUA Board Chairman […]

14 Credit Unions Agree to Late-Filing Penalties for Second Quarter 2015

ALEXANDRIA, Va. (Oct. 21, 2015) – Fourteen federally insured credit unions subject to civil monetary penalties for filing late Call Reports have consented to penalties, the National Credit Union Administration announced today. In the second quarter of 2014, 44 credit unions consented to penalties. The late filers will pay a total of $3,491 in penalties. […]

SCICAP Credit Union Closes; Community 1st Assumes Shares, Purchases Loans

Member Deposits Remain Protected up to $250,000 by the Share Insurance Fund ALEXANDRIA, Va. (Aug. 28, 2015) – The Iowa Credit Union Division today was granted authority by the District Court to place SCICAP Credit Union of Chariton, Iowa, into receivership and then tendered the receivership to the National Credit Union Administration. Community 1st Credit […]

No Share Insurance Fund Premium for 2014

Board Action Bulletin Board Approves Proposed Amendments to Corporate, Flood Insurance Rules  ALEXANDRIA, Va. (Oct. 23, 2014) – The National Credit Union Administration Board convened its ninth scheduled open meeting of 2014 at the agency’s headquarters here today. The Board unanimously approved two items: The Chief Financial Officer also briefed the Board on the performance […]

Closed Board Meeting – December 12, 2013

Board Action Bulletin The NCUA Board unanimously approved placing Bagumbayan Credit Union into conservatorship under Sections 206(h)(1)(A) and (D) of the Federal Credit Union Act. The NCUA Board considered an appeal under Section 701.14 and Part 747, Subpart J of NCUA’s Rules Regulations that remains confidential at this time. The NCUA Board considered a personnel […]