Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (March 19, 2020) – The National Credit Union Administration is reminding credit union members of the safety of their deposits in federally insured credit unions. The NCUA also reminds individuals to remain vigilant against COVID-19-related scams.  Federally insured credit unions offer a safe place for credit union members to save money. All deposits […]

ALEXANDRIA, Va. (April 30, 2020) – In a letter, National Credit Union Administration Chairman Rodney E. Hood today urged the Financial Accounting Standards Board to exempt credit unions from complying with the current expected credit losses methodology, or CECL. “I believe the compliance costs associated with implementing CECL overwhelmingly exceed the benefits,” Chairman Hood wrote. “Even before […]

ALEXANDRIA, Va. (June 29, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement after the U.S. Supreme Court denied an appeal from the American Bankers Association to review the NCUA’s chartering and field of membership rules. “Today’s decision by the Supreme Court ends nearly four years of uncertainty and will […]

Register Now to Learn About Opportunities in Community Development ALEXANDRIA, Va. (Aug. 25, 2020) – Credit unions can learn more about potential collaborations with NeighborWorks America during an upcoming webinar hosted by the National Credit Union Administration. Online registration is now open (opens new window) for the webinar, “Partnering with NeighborWorks.” The webinar is scheduled […]

ALEXANDRIA, Va. (Nov. 16, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement upon learning of the passing of former NCUA Chairman Roger Jepsen. I, along with the NCUA family, was saddened to hear the news of Senator Roger Jepsen. He was well-liked and respected in the credit union community. […]

ALEXANDRIA, Va. (Jan. 15, 2021) – The National Credit Union Administration today announced the selection of Frank Kressman as General Counsel and Melane Conyers-Ausbrooks as Board Secretary. “Frank has an extensive career in law and a deep knowledge of financial regulation and credit unions,” said NCUA Chairman Rodney E. Hood. “This, together with his more […]

WASHINGTON (March 29, 2021) – Five federal financial regulatory agencies are gathering insight on financial institutions’ use of artificial intelligence (AI). The agencies seek information from the public on how financial institutions use AI in their activities, including fraud prevention, personalization of customer services, credit underwriting, and other operations.   The Federal Reserve Board, the Consumer […]

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 […]

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 […]

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 […]