(March 25, 2020) – The Federal Financial Institutions Examination Council continues to monitor and respond to the COVID-19 pandemic to promote the ongoing ability of the nation’s financial institutions to support the households and businesses that depend on them. FFIEC members, who met as a group yesterday, are actively discussing and identifying appropriate measures, both […]
Category Archives: National Credit Union Administration
Federal Agencies Share Principles for Offering Responsible Small-Dollar Loans
(May 20, 2020) – The federal financial institution regulatory agencies today issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers’ short-term credit needs. The Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency recognize the important […]
NCUA Releases Q1 2020 Credit Union System Performance Data
ALEXANDRIA, Va. (July 1, 2020) – Data on the financial performance of federally insured credit unions for the quarter ending March 31, 2020, are now available (opens new window) from the National Credit Union Administration. The NCUA’s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing […]
NCUA Warns Credit Unions in the Path of Tropical Storm Sally to Prepare
ALEXANDRIA, Va. (Sept. 14, 2020) – Credit unions in the path of Tropical Storm Sally are advised to take precautions as the storm intensifies in the Gulf of Mexico, the National Credit Union Administration said today. “Credit unions in the path of Tropical Storm Sally should to take measures to protect their staff and secure […]
NCUA Releases Q3 2020 Credit Union System Performance Data
ALEXANDRIA, Va. (Dec. 4, 2020) – Data on the financial performance of federally insured credit unions for the quarter ending September 30, 2020, are now available (opens new window) from the National Credit Union Administration. The NCUA’s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing […]
NCUA, Federal Banking Agencies, FinCEN Issue FAQs on SAR and Other AML Requirements
ALEXANDRIA, Va. (Jan. 21, 2021) – The National Credit Union Administration, along with the Financial Crimes Enforcement Network, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, and in consultation with staff from other federal agencies, have issued responses to frequently […]
2021 CDRLF Grant Round Opens May 3
$1.5 Million Available; Credit Unions Should Review Eligibility Before Applying ALEXANDRIA, Va. (April 15, 2021) – Low-income-designated credit unions seeking Community Development Revolving Loan Fund grants in 2021 will be able to apply between May 3 and June 26, the National Credit Union Administration announced today. “I want to encourage all eligible credit unions to […]
NCUA Chairman Hood: Promoting Savings, Education Central to the Credit Union Mission
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 […]
Payday Alternative Loan Rule Will Create More Alternatives for Borrowers
Board Action Bulletin ALEXANDRIA, Va. (Sept. 19, 2019) – The National Credit Union Administration Board held its eighth open meeting of 2019 at the agency’s headquarters today and approved three items: A final rule allowing federal credit unions to offer an additional payday alternative loan option to members. A final rule to clarify the agency’s […]
Board Proposes Delaying Risk-Based Capital Rule Until 2022
Board Action Bulletin ALEXANDRIA, Va. (June 20, 2019) – The National Credit Union Administration Board held its sixth open meeting of 2019 at the agency’s headquarters today and approved one item: A proposed rule delaying the effective date of the agency’s risk-based capital rule to Jan. 1, 2022. RBC Delay Would Give More Time for […]