Category Archives: National Credit Union Administration

The Federal Financial Institutions Examination Council (FFIEC) members issued a joint statement alerting financial institutions to recent actions taken by the Department of Treasury’s Office of Foreign Asset Control (OFAC) under their Cyber-Related Sanctions Program and to the potential impact it may have on financial institutions’ risk-management programs. The statement describes the issues a financial […]

Member Deposits Remain Protected to $250,000, Member Services Uninterrupted ALEXANDRIA, Va. (Aug. 17, 2018) – Ukrainian Future Credit Union, of Warren, Michigan, has merged into Selfreliance Ukrainian American Federal Credit Union, of Chicago, Illinois, effective today, the National Credit Union Administration announced. The new Selfreliance Ukrainian American Federal Credit Union members should experience no interruption […]

Board Action Bulletin Advertising Rule Gives Credit Unions New Options on Advertising ALEXANDRIA, Va. (April 19, 2018) – The National Credit Union Administration Board held its fourth open meeting of 2018 at the agency’s headquarters today and unanimously approved two items: A final rule reducing regulatory burdens on federally insured credit unions with assets of […]

ALEXANDRIA, Va. (Dec. 27, 2017) – The video recording of the Dec. 14, 2017, 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 December open meeting, […]

Member Services Continue, Deposits Remain Protected by Share Insurance Fund ALEXANDRIA, Va. (Oct. 2, 2017) – The National Credit Union Administration today liquidated Shreveport Federal Credit Union of Shreveport, Louisiana. Red River Employees Federal Credit Union of Texarkana, Texas, immediately assumed Shreveport Federal Credit Union’s membership and most shares, loans, and other assets. Red River […]

NCUA Chairman’s Letter Stresses Cooperation to Ease Burdens on Credit Unions ALEXANDRIA, Va. (July 6, 2017) – National Credit Union Administration Chairman J. Mark McWatters today wrote Consumer Financial Protection Bureau Director Richard Cordray to request CFPB provide a conditional exemption for credit unions with assets of more than $10 billion from its examination and […]

Consumers Should Be Vigilant and Avoid Depositing Checks from Unknown Parties ALEXANDRIA, Va. (April 10, 2017) – Consumers should be on the lookout for fake check scams, the National Credit Union Administration warned today after receiving numerous inquiries from consumers. There are many versions of a fake check scam. However, the result is the same. Scammers […]

ALEXANDRIA, Va. (Feb. 1, 2017) – National Credit Union Administration Acting Chairman J. Mark McWatters has named Sarah Vega as his Chief of Staff. Vega has served as McWatters’ Senior Policy Advisor since he joined the NCUA Board in August 2014. Previously, she served as Senior Policy Advisor to former Board Member Michael E. Fryzel […]

Federal Credit Unions Serve 13 Million Service Members and Veterans ALEXANDRIA, Va. (Nov. 10, 2016) – National Credit Union Administration Board Chairman Rick Metsger and Board Member J. Mark McWatters today issued statements marking Veterans Day. “Each year on November 11, we honor those who have served in our country’s armed forces and recognize the […]

ALEXANDRIA, Va. (Sept. 27, 2016) – Consumer access to affordable financial services is essential to strong consumer financial protection, so National Credit Union Administration Board Chairman Rick Metsger is proposing rebranding the agency’s Office of Consumer Protection. Pending Board approval, the office will be re-named the Office of Consumer Financial Protection and Access, reflecting its […]