Category Archives: National Credit Union Administration

Member Deposits Insured up to $250,000, Member Services Uninterrupted ALEXANDRIA, Va. (June 10, 2011) – The National Credit Union Administration (NCUA) today assumed control of service and operations at BCT Federal Credit Union of Binghamton, N.Y. While continuing normal member services, NCUA will work to resolve issues affecting the institution’s safety and soundness. Deposits at […]

Member accounts are federally insured, service to members continues uninterrupted ALEXANDRIA, Va. (December 14, 2010) — The National Credit Union Administration (NCUA) today was appointed liquidating agent of Beehive Credit Union of Salt Lake City, by the Utah Department of Financial Institutions (DFI); and Security Service Federal Credit Union of San Antonio, Texas, immediately purchased and […]

Member Accounts are Safe and Federally Insured Alexandria, Va. (May 1, 2010) – The National Credit Union Administration (NCUA) last night liquidated St. Paul’s Croatian Federal Credit Union of Eastlake, Ohio. The credit union had been placed into conservatorship by NCUA on April 23, 2010. The NCUA Asset Management and Assistance Center will issue checks […]

NCUA Board Member Asks for Comments during 2020-2021 Budget Consideration ALEXANDRIA, Va. (Oct. 30, 2019) – National Credit Union Administration Board Member Todd M. Harper is requesting public comment on his proposal to create a dedicated consumer compliance exam program for large, complex credit unions. “For more than three decades, the NCUA has focused its […]

More than $1.3 Million will be Available; Applications Due by May 22 ALEXANDRIA, Va. (April 13, 2020) – Recognizing the immediate needs of credit unions and their members in the COVID-19 pandemic, the National Credit Union Administration is committing the majority of the 2020 Community Development Revolving Loan Fund appropriation for COVID-19 assistance. “The NCUA […]

Member Deposits Remain Protected up to $250,000 by the Share Insurance Fund ALEXANDRIA, Va. (May 29, 2020) – The National Credit Union Administration today liquidated IBEW Local Union 712 Federal Credit Union in Beaver, Pennsylvania.   West Penn P&P Federal Credit Union of Beaver, Pennsylvania, immediately assumed IBEW Local Union 712 Federal Credit Union’s assets, […]

ALEXANDRIA, Va. (July 21, 2020) – The National Credit Union Administration today announced the selection of Eugene H. Schied as the agency’s new Chief Financial Officer. As the agency’s Chief Financial Officer, Schied will lead a team of more than 50 employees who perform essential functions, such as accounting and financial reporting, enterprise risk management, […]

ALEXANDRIA, Va. (Oct. 19, 2020) – National Credit Union Administration Chairman Rodney E. Hood today reinforced his commitment to financial inclusion by announcing the launch of the agency’s new Advancing Communities through Credit, Education, Stability, and Support, or ACCESS, initiative. “As Chairman, I have consistently characterized financial inclusion as the civil rights issue of the […]

Board Action Bulletin Proposes Rules on Shared Facility Requirements, Mortgage Servicing Rights, Overdraft Policy ALEXANDRIA, Va. (Dec. 17, 2020) – Through a live audio webcast, the National Credit Union Administration Board today held the first of two consecutive open meetings in December. At today’s meeting, the Board approved these five items: A proposed rule revising […]

ALEXANDRIA, Va. (Feb. 17, 2021) – The National Credit Union Administration and the Internal Revenue Service are co-hosting a webinar on the Earned Income Tax Credit and Volunteer Income Tax Assistance (VITA) programs. The NCUA and the IRS encourage credit unions, their members, and others to participate in the webinar to learn more about the […]