Category Archives: National Credit Union Administration

Board Action Bulletin For 2015 No Corporate Stabilization Fund Assessment Anticipated, Low Share Insurance Fund Premium Range Set ALEXANDRIA, Va. (Nov. 20, 2014) – The National Credit Union Administration Board convened its tenth scheduled open meeting of 2014 at the agency’s headquarters here today. The Board approved three items: An Operating Budget increase of 4.2 […]

Board Action Bulletin Risk-Based Capital Rule Proposed and Derivatives Rule Finalized ALEXANDRIA, Va. (Jan. 23, 2014) – The National Credit Union Administration Board convened its first scheduled open meeting of 2014 at the agency’s headquarters here today and unanimously approved four items: A proposed rule to better protect all credit unions and the Share Insurance […]

Former I.C.E. Members Will Have Access to Accounts Beginning March 20 ALEXANDRIA, Va. (March 20, 2013) – Former members of I.C.E. Federal Credit Union will again have access to a credit union under a purchase and assumption agreement with Kinecta Federal Credit Union (Kinecta) of Manhattan Beach, Calif., the National Credit Union Administration (NCUA) announced […]

Member Deposits Protected up to $250,000; Member Service Uninterrupted ALEXANDRIA, Va. (Aug. 1, 2012) – The Wisconsin Office of Credit Unions placed A M Community Credit Union of Kenosha, Wisc., into liquidation today and appointed the National Credit Union Administration (NCUA) as liquidating agent. TruStone Financial Federal Credit Union of Plymouth, Minn., immediately purchased and […]

Member Deposits Protected up to $250,000; Member Service Continues Uninterrupted ALEXANDRIA, Va. (Nov. 30, 2011) – The National Credit Union Administration (NCUA) liquidated BCT Federal Credit Union of Binghamton, N.Y., today. Visions Federal Credit Union of Endicott, N.Y., immediately assumed BCT Federal Credit Union’s assets, liabilities, and member shares. The accounts of the new Visions […]

Credit Union Relocates, Stays Open and Operating with Normal Member Services; Member Deposits Remain Federally Insured up to $250,000 Alexandria, Va. (May 4, 2011) – The National Credit Union Administration (NCUA) placed Hmong American Federal Credit Union of St. Paul, Minnesota, into conservatorship today. The credit union remains open and operating, although service have moved to […]

Board Action Bulletin Corporate system reform rule finalized The NCUA Board today issued a final rule that establishes a new, comprehensive framework for corporate credit union safety and soundness. The rule will strengthen the corporate credit union system and reduce the systemic risk associated with the corporate system.   Major revisions include: Capital Standards – […]

Schools First Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (February 26, 2010) – The National Credit Union Administration (NCUA) today liquidated Mutual Diversified Employees FCU of Santa Ana, California, and accepted SchoolsFirst Federal Credit Union’s offer to purchase and assume the credit union. SchoolsFirst Federal Credit Union purchased and assumed […]

Chairman Speaks to California and Nevada Leagues’ REACH Conference MONTEREY, Calif. (Oct. 29, 2019) – The National Credit Union Administration is guided by the core value of “people helping people” when it makes decisions, Chairman Rodney E. Hood said yesterday. “It’s a guiding value for people who work in the credit union industry,” Chairman Hood […]

ALEXANDRIA, Va. (April 6, 2020) – The National Credit Union Administration will promote financial preparedness for credit union members, consumers, and service members and their families during National Financial Capability Month (opens new window) and Military Saves Month (opens new window), both of which run through April 30. The NCUA’s consumer website, MyCreditUnion.gov (opens new […]