Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (March 10, 2020) – National Credit Union Administration Chairman Rodney E. Hood today issued a statement commemorating the agency’s 50th anniversary: We are marking a notable anniversary for the credit union industry: 50 years ago today, on March 10, 1970, the National Credit Union Administration was established as an independent regulator of our […]

ALEXANDRIA, Va. (April 27, 2020) – Federally insured credit unions at the start of the COVID-19 pandemic are strong, but they may face a more difficult environment than they ever have, NCUA Board Member Todd M. Harper said. “The good news about this pandemic-induced recession, if there is any, is that federally insured credit unions, […]

(June 24, 2020) – The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2019 mortgage lending transactions at 5,508 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 are the most comprehensive publicly available information […]

(Aug. 21, 2020) – WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the Office of the Comptroller of the Currency today issued a joint statement clarifying that Bank Secrecy Act (BSA) due diligence requirements for customers who may be considered “politically exposed persons” […]

ALEXANDRIA, Va. (Nov. 16, 2020) – Federally insured credit unions can learn more about the National Credit Union Administration’s response to the COVID-19 pandemic by participating in a webinar hosted by the agency on Thursday, December 3, beginning at 1 p.m. Eastern. During the webinar, NCUA staff will also discuss recently issued guidance and regulations, […]

ALEXANDRIA, Va. (Jan. 12, 2021) – Federally insured, low-income credit unions seeking Community Development Financial Institution certification can apply to use the National Credit Union Administration’s streamlined qualification process beginning Jan. 24. “Expanding access and opportunity is fundamental to the credit union system’s mission, and it is one of the pillars of ACCESS, the agency’s […]

ALEXANDRIA, Va. (March 26, 2021) – The NCUA Board unanimously approved by notation vote a 30-day extension of the comment period for its proposed rule on credit union service organizations, Part 712. This rule, proposed during the January 2021 NCUA Board Meeting, would expand the list of permissible activities and services for CUSOs. Specifically, it […]

Chairman’s Call to Action: “These Principles Should be Sources of Enrichment, Strength, and Unity” ALEXANDRIA, Va. (Nov. 6, 2019) – Credit unions can be proud of their achievements in promoting financial inclusion while committing themselves to greater efforts, National Credit Union Administration Chairman Rodney E. Hood said today. “When credit union people talk about diversity, […]

ALEXANDRIA, Va. (Sept. 18, 2019) – The National Credit Union Administration is expecting an unusually large audience for its September 19 open Board meeting, and the agency is making special preparations. People planning to attend the meeting, which begins at 10 a.m., should be aware of the following: There will be 50 seats available in […]

ALEXANDRIA, Va. (June 20, 2019) – National Credit Union Administration Board Chairman Rodney E. Hood has appointed Johnny E. Davis, Jr. as Special Advisor to the Chairman for Cybersecurity. “Cybersecurity is one of my top priorities as Chairman of the NCUA,” Hood said. “I have great confidence in Johnny’s experience and judgment in this critical […]