Category Archives: National Credit Union Administration

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted ALEXANDRIA, Va. (March 26, 2021) – The Texas Credit Union Department today took possession of Edinburg Teachers Credit Union, located in Edinburg, Texas, and appointed the National Credit Union Administration as conservator. Member deposits at Edinburg Teachers Credit Union remain protected by the National Credit […]

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 […]

Credit Unions Should be Aware of Changes to CDFI Certification Rules ALEXANDRIA, Va. (Sept. 16, 2019) – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions have until Oct. 5 to apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification. This will be the final […]

ALEXANDRIA, Va. (June 14, 2019) – Federally insured credit unions generally saw continued positive trends in the first quarter of 2019, according to the latest NCUA Quarterly U.S. Map Review (opens new window). The review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information […]

ALEXANDRIA, Va. (March 12, 2019) – By working together in a bipartisan manner, the NCUA Board enacted a number of regulatory reforms and modernization initiatives to meet its statutory obligation of ensuring a safe and sound credit union system while providing credit unions with measures of regulatory relief, National Credit Union Administration Board Chairman J. […]

Board Action Bulletin ALEXANDRIA, Va. (Nov. 15, 2018) – The National Credit Union Administration Board held its tenth open meeting of 2018 at the agency’s headquarters today and unanimously approved two items: Operating, capital, and Share Insurance Fund budgets for 2019 and 2020 to fund the agency’s essential activities and strategic priorities. A proposed rule […]

Member Deposits Protected to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Aug. 31, 2018) – The National Credit Union Administration today liquidated Melrose Credit Union of Briarwood, New York. Teachers Federal Credit Union, of Hauppauge, New York, immediately assumed all of Melrose’s members and shares as well as some loans and other assets. Teachers Federal Credit […]

ALEXANDRIA, Va. (May 4, 2018) – Credit unions interested in becoming designated as Community Development Financial Institutions can get valuable information on an upcoming webinar hosted by the National Credit Union Administration. The webinar, “Benefits of CDFI Certification,” is scheduled for Wednesday, May 16, beginning at 2 p.m. Eastern. Online registration is available here (opens […]

NCUA Opens Special Round of Streamlined Process; Deadline Feb. 16 ALEXANDRIA, Va. (Jan. 26, 2018) – Low-income credit unions in Florida, Puerto Rico, Texas, and the U.S. Virgin Islands, areas hit hardest by hurricanes Harvey, Irma, and Maria last fall, have a special opportunity to seek certification as Community Development Financial Institutions through the National […]

ALEXANDRIA, Va. (Oct. 12, 2017) – The National Credit Union Administration is monitoring a series of wildfires in California and stands ready to provide assistance to federally insured credit unions in the affected areas, the agency announced today. Currently there are 22 wildfires burning throughout the state and these fires continue to be a growing […]