Category Archives: National Credit Union Administration

Board Action Bulletin Truth in Savings Rule Finalized to Update Overdraft Disclosures The NCUA Board approved final rule Part 707 clarifying provisions affecting electronic disclosures of overdraft fees, overdraft fee disclosure terminology, and retail sweep accounts.   The Truth in Savings Act requires NCUA to promulgate substantially similar regulations within 90 days of the effective […]

Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (June 9, 2010) — The National Credit Union Administration (NCUA) was today appointed liquidating agent of Orange County Employees Credit Union (Orange County Employees) of Orange, Texas, by the Texas Credit Union Department today. NCUA has signed an agreement with Sabine Federal Credit Union (Sabine) of […]

High Desert FCU Members Will Be Served by Alaska USA FCU; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (June 18, 2009) — The National Credit Union Administration (NCUA) today accepted Alaska USA Federal Credit Union’s offer to purchase certain assets and assume the shares and certain liabilities of High Desert Federal Credit Union […]

ALEXANDRIA, Va. (March 20, 2020) – The National Credit Union Administration today released its 2019 Annual Report (opens new window), highlighting the agency’s activities, policy initiatives, and accomplishments for the past year. “In 2019, the NCUA continued to make strides in several areas with initiatives aimed at reducing regulatory burdens, expanding financial opportunities, and protecting […]

(April 30, 2020) – The Federal Financial Institutions Examination Council (FFIEC) on behalf of its members today issued a statement to address the use of cloud computing services and security risk management principles in the financial services sector. Security breaches involving cloud computing services highlight the importance of sound security controls and management’s understanding of […]

(June 26, 2020) WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance (opens new window). The Interagency Questions and Answers, which provide information addressing technical flood insurance-related compliance issues, were last updated in 2011. The agencies are proposing new questions and answers for inclusion in […]

ALEXANDRIA, Va. (Aug. 26, 2020) – Credit unions in the path of Hurricane Laura are advised to take precautions as the storm intensifies in the Gulf of Mexico, the National Credit Union Administration said today. “Credit unions in Hurricane Laura’s path should to take measures to protect their staff and secure their operations,” NCUA Chairman […]

ALEXANDRIA, Va. (Dec. 3, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement today in recognition of International Day of Persons with Disabilities. “Today, the NCUA is proud to recognize this year’s International Day of Persons with Disabilities, an occasion to reflect on challenges faced by people with disabilities during […]

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (Jan. 14, 2021) – The National Credit Union Administration today placed Indianapolis’ Newspaper Federal Credit Union in Indianapolis, Indiana, into conservatorship. Member deposits at Indianapolis’ Newspaper Federal Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, […]

(April 1, 2021) – Todd M. Harper, Chairman, National Credit Union Administration (NCUA), has been named Chairman of the Federal Financial Institutions Examination Council (FFIEC). His two-year term runs from April 1, 2021, through March 31, 2023. The Council also named Blake Paulson, Acting Comptroller of the Currency, Office of the Comptroller of the Currency (OCC), as […]