Category Archives: National Credit Union Administration

Agency Now Accepting Comments and Requests to Attend Budget Briefing ALEXANDRIA, Va. (Oct. 14, 2016) – A detailed summary of the National Credit Union Administration’s 2017–2018 budget proposal is now available online, and the agency is accepting comments as well as requests to attend its Oct. 27 budget briefing. “NCUA continues to provide a level […]

ALEXANDRIA, Va. (Aug. 10, 2016) – The video recording of the July 2016 open meeting of the National Credit Union Administration Board is now available on the agency’s website. Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year. At the July meeting, the Chief […]

New Series Provides Practical Steps for Boards to Build a Succession Plan ALEXANDRIA, Va. (June 8, 2016) – Credit union board directors can learn more about the necessity of succession planning in a new three-part video series released today on the National Credit Union Administration’s YouTube (opens new window) channel. “Effective succession planning doesn’t start […]

The Federal Financial Institutions Examination Council (FFIEC) members today issued a revised Retail Payment Systems booklet, which is part of the FFIEC Information Technology Examination Handbook (IT Handbook). The update consists of the addition of a new appendix, Appendix E: Mobile Financial Services. The Retail Payment Systems booklet contains guidance to assist examiners in evaluating […]

ALEXANDRIA, Va. (March 16, 2016) – Photos, charts, information graphics and other imagery from the National Credit Union Administration are now available on the agency’s official Flickr account, launched today. NCUA’s Flickr page is available online [link no longer available]. Users can browse more than 150 images highlighting the agency’s leadership, history, cybersecurity products, charitable […]

ALEXANDRIA, Va. (Jan. 29, 2016) – The National Credit Union Administration has issued six orders in January prohibiting the following individuals from participating in the affairs of any federally insured financial institution: Tara Chambers, a former employee of Sears Spokane Employees Federal Credit Union in Spokane, Washington, pleaded guilty to the charges of theft and […]

NCUA Risk-Based Capital Rule Report Includes Legislative Recommendations ALEXANDRIA, Va. (Nov. 23, 2015) – With the National Credit Union Administration’s risk-based capital rule now finalized, credit unions would benefit from changes Congress could make in the Federal Credit Union Act, the agency said. NCUA today delivered a report (opens new window) to the House Financial […]

Member Deposits Protected up to $250,000 by Share Insurance Fund ALEXANDRIA, Va. (Sept. 24, 2015) – The National Credit Union Administration today liquidated SWC Credit Union of Tampa, Florida. Member deposits are federally insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, […]

Member Deposits Protected up to $250,000 by the Share Insurance Fund ALEXANDRIA, Va. (April 30, 2015) – The National Credit Union Administration today liquidated TLC Federal Credit Union of Tillamook, Oregon. Fibre Federal Credit Union of Longview, Washington, immediately assumed TLC Federal Credit Union’s members, shares, loans and certain other assets and liabilities. Fibre is […]

Board Action Bulletin The NCUA Board unanimously denied a share insurance appeal arising out of the liquidation of Taupa Lithuanian Credit Union. NCUA tweets all open Board meetings live. Follow @TheNCUA (opens new window) on Twitter, and access Board Action Memorandums and NCUA rule changes at www.ncua.gov. NCUA also live streams, archives and posts videos […]