Category Archives: National Credit Union Administration

Member Accounts are Safe and Federally Insured Alexandria, Va. (May 1, 2010) – The National Credit Union Administration (NCUA) last night liquidated St. Paul’s Croatian Federal Credit Union of Eastlake, Ohio. The credit union had been placed into conservatorship by NCUA on April 23, 2010. The NCUA Asset Management and Assistance Center will issue checks […]

ALEXANDRIA, Va. (Oct. 1, 2019) – Financial losses due to cybercrime reached $2.7 billion in 2018 (opens new window), and during National Cybersecurity Awareness Month, the National Credit Union Administration is reminding credit union industry stakeholders to remain vigilant. “In this day and age, cybersecurity is everyone’s business,” NCUA Chairman Rodney E. Hood said. “Hackers […]

ALEXANDRIA, Va. (March 26, 2020) – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification beginning March 29. The intake period closes May 31. The NCUA’s online program guide (opens new window) has all the […]

NCUA Board Member Championed Modifying Low-Income Credit Union Definition ALEXANDRIA, Va. (May 7, 2020) – NCUA Board Member Todd M. Harper applauded the agency’s decision to count qualified service members who live on military bases at home and abroad when designating a low-income credit union. “Our country is in an economic war against COVID-19, and […]

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 […]

ALEXANDRIA, Va. (Sept. 9, 2020) – The National Credit Union Administration awarded $75,000 in grants to three low-income, minority depository institution credit unions to support mentoring programs with larger credit unions. “Mentoring relationships can help MDI credit unions, particularly those in rural and underserved communities, grow stronger and support their members and communities better,” NCUA […]

ALEXANDRIA, Va. (Nov. 23, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement today on the departure of Board Member J. Mark McWatters: “Board Member Mark McWatters’ service on the NCUA Board concluded last week. I would like to extend a sincere thank you to Board Member McWatters for his […]

Chairman Hood Releases Select Accomplishments from April 2019 to January 2021 ALEXANDRIA, Va. (Jan. 19, 2021) – National Credit Union Administration Chairman Rodney E. Hood released today selected accomplishments since he was sworn in as the eleventh Chairman of the NCUA in April 2019. Throughout Chairman Hood’s historic tenure as the first Black American to […]

ALEXANDRIA, Va. (April 12, 2021) – National Credit Union Administration Chairman Todd M. Harper announced today he has appointed Samuel Schumach to serve as Deputy Director for External Affairs and Communications. “Sam brings a wealth of strategic communications and congressional relations experience to this position,” Chairman Harper said. “His deep set of public affairs skills, […]

Credit Unions Provide Education Services to More than 104 Million Members WASHINGTON, D.C. (Nov. 6, 2019) – Credit unions can play an important role in helping more Americans save and build stronger financial futures by providing financial education and expanding access, National Credit Union Administration Chairman Rodney E. Hood said today. “If we are to […]