Category Archives: National Credit Union Administration

​Member Deposits Remain Protected to $250,000 by the Share Insurance Fund ALEXANDRIA, Va. (Jan. 21, 2014) – The National Credit Union Administration, in its role as conservator, today announced the liquidation of Bagumbayan Credit Union of Chicago. Great Lakes Credit Union of North Chicago, Ill., immediately assumed Bagumbayan’s members and deposits. Great Lakes Credit Union […]

Member Deposits Protected up to $250,000; Consumer Service Hotline Open ALEXANDRIA, Va. (March 15, 2013) – The National Credit Union Administration (NCUA) today liquidated I.C.E. Federal Credit Union of Inglewood, Calif. NCUA made the decision to liquidate I.C.E. Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect […]

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (July 27, 2012) – The National Credit Union Administration (NCUA) today assumed control of service and operations at Trinity Credit Union, a state-chartered, federally insured credit union headquartered in Trinidad, Colo.  The Colorado Division of Financial Services placed Trinity Credit Union into conservatorship and […]

Board Action Bulletin ALEXANDRIA, Va. (Nov. 17, 2011) – The National Credit Union Administration (NCUA) Board convened its twelfth open meeting of 2011 at the agency’s headquarters here today and unanimously approved six items: A 2012 budget of $236.9 million, representing a 5.1 percent increase – less than half the 12-13 percent budget growth rates […]

Members Now Served by Chartway Federal Credit Union Deposits Remain Federally Insured up to $250,000 and Member Service Continues Uninterrupted   Alexandria, Va. (April 29, 2011) —The Utah Department of Financial Institutions today appointed the National Credit Union Administration (NCUA) as the liquidating agent for Utah Central Credit Union of Salt Lake City. Chartway Federal […]

Board Action Bulletin The NCUA Board voted unanimously to amend Supervision Delegations of Authority, SUP 21 and SUP 42. The NCUA Board considered one supervisory matter that remains confidential at this time. The NCUA Board considered two Delegations of Authority that remain confidential at this time. The NCUA tweets all open Board meetings live. Follow […]

Members Now Served by Shreveport Federal Credit Union; Member Accounts are Safe and Federally Insured ALEXANDRIA, Va. (February 25, 2010) – The National Credit Union Administration (NCUA) today liquidated Friendship Community Federal Credit Union of Clarksdale, Mississippi, and accepted Shreveport Federal Credit Union’s offer to purchase and assume the credit union. Shreveport Federal Credit Union purchased […]

ALEXANDRIA, Va. (Oct. 30, 2019) – Credit unions can get valuable information about a range of consumer protection topics on a Nov. 19 webinar hosted by the National Credit Union Administration. Registration for the webinar, “Fair Lending and Consumer Compliance Regulatory Update,” is now open (opens new window). The webinar is scheduled to begin at […]

(April 7, 2020) – The federal financial institution regulatory agencies (the agencies), in consultation with state financial regulators, issued a revised interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications. The revised statement also provides the agencies’ views on consumer protection considerations. The revised […]

ALEXANDRIA, Va. (May 28, 2020) – Credit unions can significantly bolster the entire system’s access to emergency liquidity by joining the Central Liquidity Facility, National Credit Union Administration Board Member Todd M. Harper said. “Through my experiences in working on Capitol Hill during the last financial crisis, I knew disruption in the financial markets could […]