Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (Aug. 5, 2015) – Grants totaling more than $2 million will help 225 low-income credit unions expand products and services, open branches or relocate offices, advance digital growth and provide greater security for their members, the National Credit Union Administration announced today. “The second grant round of 2015 proved to be the largest […]

ALEXANDRIA, Va. (Sept. 18, 2014) – The National Credit Union Administration Board unanimously voted today to designate Board Member Rick Metsger as Vice Chairman of NCUA, effective immediately, pursuant to the requirements of NCUA’s rules. President Barack Obama nominated Metsger on May 16, 2013, for an NCUA Board term that will expire on Aug. 2, […]

Board Action Bulletin The NCUA Board unanimously approved placing Mayfair Federal Credit Union of Philadelphia, Pennsylvania into conservatorship under Section 206(h)(1)(A) of the Federal Credit Union Act. 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 […]

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Feb. 8, 2013) – The National Credit Union Administration (NCUA) today assumed control of service and operations at NCP Community Development Federal Credit Union of Norfolk, Va. NCUA will work to resolve issues affecting the institution’s safety and soundness while continuing normal member services. […]

Board Action Bulletin Troubled Debt Restructuring Relief and RegFlex Expansion Pass Unanimously ALEXANDRIA, Va. (May 24, 2012) – The National Credit Union Administration (NCUA) Board convened its third open meeting of 2012 at the agency’s headquarters here today and unanimously approved three items:    A final rule and guidance on troubled debt restructurings (TDRs) to […]

Board Action Bulletin Net Worth, Equity Ratio Definitions Finalized ALEXANDRIA, Va. (Sept. 22, 2011) – The National Credit Union Administration (NCUA) Board convened its tenth open meeting at the agency’s headquarters here today and unanimously approved two items: Delegation of authority to the Director of the Office of Corporate Credit Unions (OCCU) to decide actions […]

Board Action Bulletin The NCUA Board voted unanimously to uphold the decisions of the Asset Management and Assistance Center denying three insurance appeals arising from the liquidation of St. Paul Croatian Federal Credit Union. The NCUA Board considered one supervisory matter that remains confidential at this time. The NCUA tweets all open Board meetings live. […]

Service to Members Continues Uninterrupted; Deposits Federally Insured to $250,000 ALEXANDRIA, Va. (August 2, 2010) — The National Credit Union Administration (NCUA) liquidated Certified Federal Credit Union (Certified) of Commerce, California, July 31, 2010.   NCUA immediately signed an agreement with Vons Employees Federal Credit Union (Vons) of El Monte, California, to assume the assets […]

Alexandria, Va. (November 30, 2009) – The National Credit Union Administration (NCUA) today placed Fairfield County Ohio Federal Employees Federal Credit Union of Lancaster, Ohio, into liquidation. The NCUA Asset Management and Assistance Center will issue checks to individuals holding verified share accounts in Fairfield County Ohio Federal Employees Federal Credit Union within one week. […]

WASHINGTON, D.C. (Feb. 24, 2020) – National Credit Union Administration Board Member J. Mark McWatters discussed the agency’s recent taxi medallion sale as well as issues around regulation, credit union-bank transactions, and preparing for an economic downturn in remarks to the Credit Union National Association’s Governmental Affairs Conference here today. A copy of Board Member […]