Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (Feb. 8, 2017) – Twenty-six federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the third quarter of 2016 have consented to penalties totaling $17,485, the National Credit Union Administration announced today. In the third quarter of 2015, 22 credit unions consented to penalties. Individual penalties ranged […]

Board Action Bulletin 3 to 6 Basis Points Share Insurance Fund Premium Range Recommended for Credit Union Budgeting Purposes ALEXANDRIA, Va. (Nov. 17, 2016) – The National Credit Union Administration Board held its tenth open meeting of 2016 at the agency’s headquarters here today and unanimously approved two items: Operating budgets for 2017 and 2018 […]

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,913 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2015 lending activity and include: applications, originations, […]

Los nuevos recursos informan a los consumidores sobre los derechos al enviar dinero al exterior ALEXANDRIA, Va. (15 de julio de 2016) – Los consumidores tienen nuevas formas de informarse sobre los derechos y las protecciones de los que gozan al enviar dinero al exterior a través de un video y un folleto nuevos divulgados […]

2016 National Exam Program Training More than 18 Percent below Budget ALEXANDRIA, Va. (May 27, 2016) – As the credit union system grows and changes, National Credit Union Administration examiners are being trained to keep pace and continue to provide credit unions and their members with high-quality service. The agency’s biennial training program, with the […]

Board Action Bulletin The NCUA Board approved the purchase and assumption by Avadian Credit Union of American Bank of Huntsville. 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 streams, archives and posts videos of open […]

Member Deposits Protected up to $250,000 by Share Insurance Fund ALEXANDRIA, Va. (March 4, 2016) – The National Credit Union Administration today liquidated Education Associations Federal Credit Union of Washington, D.C. Member deposits are federally insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts up […]

Member Deposits Remain Protected to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (Jan. 13, 2016) – The Director of the Michigan Department of Insurance and Financial Services today placed Clarkston Brandon Community Credit Union into conservatorship and appointed the National Credit Union Administration as conservator. Deposits at Clarkston Brandon Community Credit Union remain protected by the […]

ALEXANDRIA, Va. (Nov. 9, 2015) – Credit union managers, staff and boards can learn more about the National Credit Union Administration’s risk-based capital rule and what to expect during its three-year implementation period in a new video released today by the agency. The video, available here (opens new window), provides a summary of the rule’s […]

Recoveries in Securities Cases Reach More than $1.9 Billion ALEXANDRIA, Va. (Sept. 16, 2015) – The National Credit Union Administration today announced acceptance of an offer of judgment for $129.6 million from the Royal Bank of Scotland to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest […]