Category Archives: National Credit Union Administration

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (Jan. 5, 2021) – The National Credit Union Administration today placed C O Federal Credit Union in Charleston, South Carolina, into conservatorship. Member deposits at C O Federal Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the […]

ALEXANDRIA, Va. (March 16, 2021) – The National Credit Union Administration today released its 2020 Annual Report (opens new window), highlighting the agency’s activities, policy initiatives, and accomplishments for the past year. “Truly unprecedented, the COVID-19 pandemic and its economic and financial disruptions affected all aspects of daily life in 2020,” NCUA Chairman Todd M. […]

(June 30, 2021) – The Federal Financial Institutions Examination Council (FFIEC) today issued a new booklet in the FFIEC Information Technology Examination Handbook series, titled “Architecture, Infrastructure, and Operations.” The booklet provides expanded guidance to help financial institution examiners assess the risk profile and adequacy of an entity’s information technology architecture, infrastructure, and operations. The new […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]