Category Archives: National Credit Union Administration

Board Action Bulletin The NCUA Board considered two share insurance appeals, both of which remain confidential at this time. 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 Board […]

Board Action Bulletin The NCUA Board unanimously approved the adoption of the CAMEL rating system for corporate credit unions, effective January 1, 2014. 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 […]

Board Action Bulletin Board Also Extends Low-Income Credit Union Acceptance Deadline and Finalizes “Troubled Condition” Regulation ALEXANDRIA, Va. (Jan. 10, 2013) – The National Credit Union Administration (NCUA) Board convened its first scheduled open meeting of 2013 at the agency’s headquarters here today. The Board unanimously approved five items: A final rule to provide more […]

Prohibition Order Results from NCUA Investigation into Unlawful Release of Confidential Examination Records and CAMEL Rating ALEXANDRIA, Va. (March 28, 2012) – The National Credit Union Administration (NCUA) has issued an order prohibiting the following individual from participating in the affairs of any federally insured financial institution: James M. Talbert, a former board and supervisory […]

Member Deposits Insured up to $250,000, Member Services Uninterrupted ALEXANDRIA, Va. (July 22, 2011) – The National Credit Union Administration (NCUA) today assumed control of the operations of Saguache County Credit Union, a state-chartered, federally insured credit union headquartered in Moffat, Colo. The Commissioner of the Colorado Division of Financial Services appointed NCUA as conservator […]

Member Accounts Remain Safe and Federally Insured ALEXANDRIA, Va. (February 23, 2011) — The National Credit Union Administration (NCUA) today placed NYC OTB Federal Credit Union, located in New York, New York, into liquidation. NCUA made the decision to close NYC OTB Federal Credit Union and discontinue its operation after determining the credit union is insolvent […]

Board Action Bulletin NCUA budget reduction will cut FCU operating fees by $2 million At midsession, NCUA’s 2010 budget has been reduced by $2 million, which is also projected to reduce cash needs by $2 million for 2011 federal credit union operating fees.   Total NCUA operating costs for the 12-month period ending December 31, […]

The Members’ Own Federal Credit Union Members Now Served by Alaska USA Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (September 30, 2009) – The National Credit Union Administration (NCUA) today liquidated The Members’ Own Federal Credit Union of Victorville, California, and accepted Alaska USA Federal Credit Union’s offer to purchase and […]

ALEXANDRIA, Va. (March 5, 2020) – Data on the financial performance of federally insured credit unions for the quarter ending Dec. 31, 2019, 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 […]

ALEXANDRIA, Va. (April 22, 2020) – The National Credit Union Administration announced today the creation of the new Office of Ethics Counsel. The new office will include a Chief Ethics Counsel who will serve as the agency’s most senior ethics official. This individual will report directly to the NCUA Board and will be supervised by […]