Category Archives: National Credit Union Administration

ALEXANDRIA, Va. (Sept. 28, 2015) – Credit unions can get valuable information on complying with fair lending laws during a webinar, “2015 Interagency Fair Lending Hot Topics,” sponsored by the Federal Reserve System. The 90-minute webinar is scheduled for Thursday, Oct. 15, 2015, beginning at 2 p.m. Eastern. Online registration for the webinar is now […]

Member Deposits Insured up to $250,000; Member Services Uninterrupted ALEXANDRIA, Va. (April 30, 2015) – The National Credit Union Administration today placed New Bethel Federal Credit Union of Portsmouth, Virginia, into conservatorship. Deposits at New Bethel Federal Credit Union remain protected. Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and […]

Board Action Bulletin Proposed Appraisal Rule and Final Voluntary Liquidation Rule Cut Red Tape ALEXANDRIA, Va. (June 19, 2014) – The National Credit Union Administration Board convened its sixth scheduled open meeting of 2014 at the agency’s headquarters here today. The Board unanimously approved five items: A proposed rule expanding the powers of federal credit […]

Member Deposits Protected up to $250,000 by Share Insurance Fund ALEXANDRIA, Va. (July 15, 2013) – The Ohio Division of Financial Institutions has liquidated the Taupa Lithuanian Credit Union of Cleveland, Ohio, and appointed the National Credit Union Administration (NCUA) as liquidating agent. Member deposits are federally insured by the National Credit Union Share Insurance […]

Board Action Bulletin The NCUA Board voted unanimously to uphold the decision of the Asset Management and Assistance Center denying a creditor appeal arising from the liquidation of Constitution Corporate Federal Credit Union. The NCUA Board unanimously approved the formal termination of three vacated pilot programs as well as the termination of a fourth investment […]

Board Action Bulletin The NCUA Board considered a supervisory matter that remains confidential at this time. The 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. The NCUA also live streams, archives and posts videos of open Board meetings […]

Board Action Bulletin Revised Program Could Significantly Decrease 2011 Assessments ALEXANDRIA, Va. (June 29, 2011) – Responding to requests and feedback from credit unions, the NCUA Board today unanimously adopted a plan to permit voluntary prepayments of $500 million in Corporate Stabilization Fund assessments. The approved program has the potential to decrease the currently projected […]

Members Now Served by Western Federal Credit Union ALEXANDRIA, Va. (February 4, 2011) — The National Credit Union Administration (NCUA) today was appointed liquidating agent of Oakland Municipal Credit Union of Oakland, by the California Department of Financial Institutions (DFI); and Western Federal Credit Union of Manhattan Beach, California, immediately purchased and assumed Oakland Municipal’s assets, […]

Board Action Bulletin Stabilization Fund Assessment Set The NCUA Board approved a 13.4 basis point assessment on federally insured credit unions to repay the $1.5 billion in outstanding borrowed funds in the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) on September 30, 2010.     The Stabilization Fund legislation established a process for attaining funds […]

Members Now Served by America First FCU Members Accounts are Safe and Federally Insured; Members Accounts are Safe and Federally Insured ALEXANDRIA, Va. (August 12, 2009)  — The National Credit Union Administration (NCUA) yesterday closed Community One Federal Credit Union of Las Vegas, Nevada, and authorized the purchase and assumption (P&A) of its assets and […]