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News and Press Releases - 2007

News Story ​Dateline ​Summary
Vice Chairman Hood Addresses Lessons Learned From the Past Two Years of Championing Enterprise Risk Management ​12/19/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed a meeting of the Board of Duke University Federal Credit Union.
Increase Holiday Credit Card Awareness, Says Johnson ​12/18/2007
Noting the increase in consumer spending during the holiday season, National Credit Union Administration Chairman JoAnn Johnson takes this time of year
Union Pacific Streamliner Federal Credit Union Returns to Member Control ​12/17/2007
The National Credit Union Administration (NCUA) Board has returned control of Union Pacific Streamliner Federal Credit Union, Omaha, Nebraska, to its members.
Zion United Community Credit Union Placed into Conservatorship ​12/14/2007
The State of Colorado has assumed control of the operations of Zion United Community Credit Union, a state-chartered, federally insured credit union serving residents in Denver, Colorado.
FFIEC RELEASES GUIDANCE ON PANDEMIC PLANNING ​12/12/2007
The Federal Financial Institutions Examination Council (FFIEC) issued guidance today for use by financial institutions in identifying the continuity planning that should be in place to minimize the potential adverse effects of a pandemic.
NCUA Backs Consumer Hotline ​12/12/2007
National Credit Union Administration Executive Director J. Leonard Skiles told Congress that while NCUA supports legislative proposals to facilitate consumer
NCUA Issues Prohibition Orders ​12/10/2007
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Hyland Urges Proactive, Balanced Approach on Mortgages ​12/6/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland told Congress today
Board Member Hyland Introduces NCUA-IRS VITA Program Webcast ​12/5/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland followed an Access Across America program, which included a panel on Volunteer Income Tax Assistance (VITA),
NCUA Vice Chairman Rodney E. Hood's Statement Regarding Michael Fryzel's Nomination To NCUA Board ​12/5/2007
National Credit Union Administration Vice Chairman Rodney E. Hood issued the following statement regarding Michael Fryzel's nomination to the NCUA Board.
Chairman Johnson’s Statement Regarding the President’s Intent to Nominate Michael E. Fryzel to the NCUA Board ​11/30/2007
NCUA Chairman JoAnn Johnson issued the following statement regarding President Bush's announcement today
Agencies Issue Proposed Rules and Guidelines that Address Accuracy and Integrity of Consumer Report Information and Rules to Allow Direct Disputes ​11/29/2007
The federal financial regulatory agencies and the FTC (the Agencies) have approved proposed regulations and guidelines to help ensure the accuracy and integrity of information provided to consumer reporting agencies and ...
Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies under Section 312 of the Fair and Accurate Credit Transactions Act. ​11/29/2007
The OCC, Board, FDIC, OTS, NCUA, and FTC (Agencies) are publishing for comment proposed regulations and guidelines to implement the accuracy and integrity provisions in section 3 12 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act).
Credit Unions Making Strides in American Indian and Alaskan Native Communities ​11/20/2007
National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush’s designation
Loan and Share Growth Continues ​11/20/2007
Federally insured credit unions reported strong asset and share growth through September 30, 2007, according to third quarter 2007 Call Report data submitted by the nation’s 8,163 federally insured
credit unions.
Huron River Credit Union Liquidated; Members Now Served by Detroit Edison Credit Union ​11/18/2007
Huron River Credit Union Liquidated; Members Now Served by Detroit Edison Credit Union
Jeremy Carl Joins NCUA Public and Congressional Affairs Team ​11/14/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson today announced that Jeremy Carl has been appointed Associate Director of External Affairs.
Board Member Hyland Encouraged by Success of SBA Patriot Express Loan Initiative ​11/8/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland pointed to the early success of the Patriot Express Loan
NCUA Posts Record CDRLF Loan Volume ​11/8/2007
The National Credit Union Administration (NCUA) Community Development Revolving Loan Fund (Fund) announced today it has reached its threshold.
NCUA and NTEU Reach Bargaining Agreement ​11/7/2007 ​The National Credit Union Administration (NCUA) completed negotiations with the National Treasury Employees Union
Vice Chairman Hood Announces Plans For A 2008 Risk Summit at NCUA’s Small Credit Union Workshop in Charlotte, NC ​11/6/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in a Small Credit Union Workshop hosted by the National Credit Union Administration’s Office of Small Credit Union Initiatives in Charlotte, NC.
CAL State 9 Credit Union Is Placed Into Conservatorship ​11/2/2007
The National Credit Union Administration (NCUA) today assumed control of the operations of Cal State 9 Credit Union, a state-chartered, federally insured, community-based credit union in Concord, California.
NCUA Closes Green Tree Federal Credit Union ​11/2/2007
The National Credit Union Administration (NCUA) Board today liquidated the insolvent Green Tree Federal Credit Union, a $7 million association based credit union in Feasterville, Pennsylvania,
NCUA and IRS Offer VITA Partnership Webcast ​11/2/2007
The National Credit Union Administration (NCUA) is partnering with the U.S. Internal Revenue Service (IRS) to present a live Volunteer
Agencies Issue Final Rules on Identity Theft Red Flags and Notices of Address Discrepancy 10/31/2007
The federal financial institution regulatory agencies and the Federal Trade Commission have sent to the Federal Register for publication final rules on identity theft “red flags” and address discrepancies.
Agencies Issue Final Rules on Affiliate Marketing ​10/25/2007
The federal financial regulatory agencies issued final rules today that provide consumers with an opportunity to "opt out" before a financial institution uses information
California Credit Unions Resume Operations ​10/25/2007 The National Credit Union Administration (NCUA) Region V office examiners stationed in California have contacted all credit
Fair Credit Reporting Affiliate Marketing Regulations ​10/25/2007
The OCC, Board, FDIC, OTS, and NCUA (Agencies) are publishing final rules to implement the affiliate marketing provisions in section 214 of the Fair and Accurate Credit Transactions Act of 2003, which amends the Fair Credit Reporting Act.
NCUA External Affairs Deputy Moves to Treasury ​10/25/2007
National Credit Union Administration (NCUA) Associate Director of External Affairs Justin Grove was selected to serve on special detail at the U.S. Department of Treasury.
Chairman Johnson Testifies On Mortgage Reform ​10/24/2007
National Credit Union Administration Chairman JoAnn Johnson testified today before the House Financial Services Committee on mortgage reform.
NCUA Activates Disaster Assistance in Response to California Wildfires ​10/24/2007
The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the wildfires in California.
Beulah Federal Credit Union Chartered in New York ​10/19/2007
The National Credit Union Administration (NCUA) has chartered and approved a low-income designation for Beulah Federal Credit Union of Brooklyn, New York.
Vice Chairman Hood Applauds the Ground-Breaking Partnership Between Operation HOPE, Inc. and Alliant Credit Union ​10/18/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered remarks during a reception held today
2008 NCUA Board Meetings Rescheduled ​10/17/2007
The January and July 2008 open meetings of the National Credit Union Administration Board are being rescheduled to January 24, 2008, and July 24, 2008. Both meetings are scheduled to convene at 10 a.m., with a closed meeting to follow.
NCUA Issues Prohibition Orders ​10/16/2007
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Chairman Johnson Addresses NYC Unbanked Conference ​10/4/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson was the afternoon speaker today
Chairman Johnson Will Address NY Regional Unbanked Conference ​10/3/2007
NCUA Chairman JoAnn Johnson will discuss why more than 10 million Americans do not have access to mainstream financial
services and the important role
Hyland Leads Final Outreach “Town Hall” ​10/2/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the final of six Outreach Task Force “Town Hall” meetings today in Washington, DC.
NCUA Discussing Matrix Elimination ​9/28/2007
NCUA is working with the National Association of State Credit Union Supervisors (NASCUS) and reaching out to various credit union industry
NCUA Announces 2008 Board Meeting Schedule ​9/27/2007
The National Credit Union Administration today announces its 2008 Board meeting schedule. The Board plans to convene in 2008 on a Thursday at 10 a.m. each month
Final NCUA Task Force “Town Hall” Meeting to be Held in Washington, DC ​9/26/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is filling up quickly for the final of six scheduled Outreach Task Force
NCUA to Hold Seventh Annual Budget Briefing and Public Forum ​9/21/2007
The National Credit Union Administration (NCUA) will hold its seventh annual Budget Briefing and Public Forum in October.
NCUA Vice Chairman Hood Discusses Electronic Payments and their Role in Enterprise Wide Risk Management ​9/17/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered remarks today at the Credit Union National Association (CUNA) Payment Systems Conference.
FFIEC Announce the Availability of 2006 Data on Mortgage Lending Transactions ​9/12/2007
The FFIEC today announced the availability of 2006 data on mortgage lending transactions at 8,886 financial institutions covered by the Home Mortgage Disclosure Act (HMDA) in metropolitan statistical areas (MSAs) throughout the nation.
NCUA Challenges Lawsuit ​9/12/2007
The National Credit Union Administration (NCUA) filed a motion on September 7, 2007, with the U.S. District Court for the Eastern District of Virginia, to dismiss a suit challenging credit union conversion rules promulgated by NCUA.
Vice Chairman Hood Addresses the Maine Credit Union League’s Senior Managers Forum ​9/7/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in a Senior Managers Forum in Portland, Maine.
Federal Financial Regulatory Agencies and CSBS Issue Statement On Loss Mitigation Strategies for Servicers of Residential Mortgages ​9/4/2007
The federal financial regulatory agencies and the Conference of State Bank Supervisors (CSBS) on Tuesday issued a statement encouraging federally regulated financial institutions and state-supervised entities ...
Statement on Loss Mitigation Strategies for Servicers of Residential Mortgages ​9/4/2007
The Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Office of Thrift Supervision
Proposed Guidance on Garnishment of Exempt Federal Benefit Funds ​9/4/2007
The Agencies are proposing guidance entitled Garnishment of Exempt Federal Benefit Funds.
Agencies Release Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual ​8/24/2007
The Federal Financial Institutions Examination Council (FFIEC) today released the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
The 2007 Version of the Bank Secrecy Act/Anti-Money Laundering Examination Manual ​8/24/2007
The Federal Financial Institutions Examination Council (FFIEC) today released the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
Board Member Hyland Views CDFI Fund as Valuable Resource to Underserved ​8/24/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland met with Kimberly Reed, Director of the Community Development Financial Institutions (CDFI) Fund
NCUA Issues Prohibition Orders ​8/23/2007
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Asset and Share Growth Expands in 2007 ​8/22/2007
Federally insured credit unions reported solid asset and share growth through June 30, 2007, according to mid-year 2007 call report data submitted by the nation’s 8,238 federally insured credit unions.
NCUA Issues Cell Phones to Examiners ​8/21/2007
The National Credit Union Administration (NCUA) has contracted with AT&T Wireless to issue cellular phones to all field examiners in the near future.
Board Member Hyland Praises Credit Unions’Commitment to Member Service at Town Hall Meeting in Denver ​8/17/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the fifth of six Outreach Task Force Meetings on Wednesday in Denver, CO.
Hyland Emphasizes Protecting Credit Union Members During Podcast ​8/10/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland participated in a podcast this week to address the latest best practices credit unions may consider in order to protect their members from data breaches and security risks.
Chairman Johnson Unveils NCUA Internet Resource Connection ​8/7/2007
The National Credit Union Administration (NCUA) has created “The Resource Connection” website as a central location to access and share information on credit union business practices, partnership resources, funding and training opportunities.
Registration Now Open for NCUA Task Force “Town Hall” Meeting in Washington, DC ​8/3/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open
Board Member Hyland Discusses Credit Union Issues With International Audience ​7/30/2007
NCUA Board Member Gigi Hyland participated in the Fifth Annual Regulator’s Roundtable in Calgary, Canada, on Saturday and Sunday, July 28-29.
Chairman Johnson Encourages Credit Unions to Participate in Pandemic Exercise ​7/25/2007
The U.S. Treasury will sponsor a test of the financial services sector's ability to withstand a bird flu outbreak or other pandemic.
NCUA Testifies on Mortgage Lending Consumer Protection Laws ​7/25/2007
National Credit Union Administration (NCUA) Director of Examination and Insurance David M. Marquis testified today on oversight of consumer laws pertaining to mortgage
NCUA-NASCUS Sign Document of Cooperation ​7/24/2007
NCUA Chairman JoAnn Johnson and NASCUS Chairman Linda Jekel today signed a NCUA/NASCUS Document of Cooperation, symbolizing federal and state regulators continued commitment to cooperatively ensure the safety and soundness of federally insured...
Federal Financial Regulatory Agencies Issue Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements ​7/19/2007
The federal financial regulatory agencies on Thursday issued a statement setting forth the agencies’ policy for enforcing specific anti-money laundering requirements of the Bank Secrecy Act (BSA).
Vice Chairman Hood Discusses Member Business Lending ​7/19/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with Karl Yoneshige, President and CEO of HawaiiUSA Federal Credit Union
NCUA and Other FIRREA Agencies Issue Joint Statement on Bank Secrecy Act Enforcement ​7/19/2007
NCUA joins the other federal financial regulators today issuing a joint statement as part of an ongoing effort to inform credit unions about Bank Secrecy Act requirements.
Board Member Hyland, Outreach Task Force, Gain Valuable Insight During Los Angeles Town Hall Meeting ​7/18/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the fourth of six Outreach Task Force Meetings on Monday in Los Angeles, CA.
Vice Chairman Hood Visits the Hawaii NeighborWorks America Affiliates ​7/18/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood visited with Hawaii's two NeighborWorks America affiliates.
Federal Financial Regulators Propose Illustrations of Consumer Information to Support Their Statement on Subprime Mortgage Lending ​7/14/2007
The federal financial regulatory agencies today issued proposed illustrations of consumer information for certain ARM products described in the agencies’ Statement on Subprime Mortgage Lending (Subprime Statement), effective July 10, 2007.
Chairman Johnson Responds to Credit Union Conversion Lawsuit ​7/11/2007
I am disappointed but not surprised by this lawsuit. It attempts to curtail reasonable and basic consumer protections and represents an unfortunate step in the wrong direction with regard to the rights of credit union members.
NCUA Issues Administrative Order to Garden Savings Federal Credit Union ​7/10/2007
The National Credit Union Administration (NCUA) has issued an administrative cease and desist order compelling Garden Savings Federal Credit Union to implement an adequate Bank Secrecy Act/Anti-Money Laundering Program.
NCUA Issues Prohibition Orders ​7/9/2007
The National Credit Union Administration Board has issued prohibition orders for convicted felons Joseph E. Pogue and Jean T. Pogue to prohibit them from participating in any manner in the affairs of any federally insured financial institution.
NCUA Issues Prohibition Orders ​7/9/2007
The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Chairman Johnson Establishes Financial Education Library on NCUA Website, Creates Calculator Feature for MyMoney.Gov ​7/3/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced today the availability of a financial education library on the NCUA website.
Registration Opens for Denver Task Force "Town Hall" Meeting ​7/2/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for an upcoming Outreach Task Force
Federal Financial Regulatory Agencies Issue Final Statement on Subprime Mortgage Lending ​6/29/2007
The federal financial regulatory agencies today issued a final Statement on Subprime Mortgage Lending to address issues relating to certain adjustable-rate mortgage (ARM) products that can cause payment shock.
Chairman Johnson Attends Swearing In Ceremony of David G. Nason as Assistant Treasury Secretary for Financial Institutions ​6/29/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson was on hand yesterday
Prompt Corrective Action Q&A Issued ​6/27/2007
The National Credit Union Administration has posted the questions and answers discussed at last week’s monthly NCUA Board meeting by the Board and staff pertaining to prompt corrective action (PCA) reform.
Johnson Encourages Balance in BSA Rules ​6/26/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson today emphasized NCUA’s proactivity
NCUA Chairman JoAnn Johnson’s Statement on Proposed Capital Reform ​6/21/2007
Today our Board made explicit NCUA’s support for reforms of the system of prompt corrective action (PCA) and the creation of a risk based capital regime for credit unions.
October NCUA Board Meeting Rescheduled ​6/20/2007
The October meeting of the National Credit Union Administration Board is rescheduled to October 25, 2007, at 10 a.m.
Peoples First Choice Federal Credit Union Placed In Conservatorship ​6/15/2007
On June 12, 2007, the board of directors of Peoples First Choice Federal Credit Union (PFC FCU) voluntarily consented to conservatorship, accordingly,
Board Member Hyland Attends Launch of SBA Patriot Express ​6/13/2007
Board Member Gigi Hyland today attended the announcement of the Small Business Administration’s new Patriot Express Pilot Loan Initiative.
Vice Chairman Hood Announces a “Blueprint for 2020” Initiative during the Big Ten Credit Union Conference ​6/9/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered an address during the Big Ten Credit Union Conference (BTCUC) at the University of Notre Dame in South Bend, IN.
Hyland Sees Credit Unions at a Crossroads ​6/8/2007
National Credit Union Administration Board Member Gigi Hyland spoke at the National Federation of Community Development Credit Unions 33rd Annual Conference on Serving the Underserved in New Orleans, LA.
Board Member Hyland and Outreach Task Force Gain Valuable Insight From Credit Union Community During New Orleans Town Hall Meeting ​6/7/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the third of six scheduled Outreach Task Force Meetings yesterday in New Orleans, LA.
NCUA Chairman Johnson Testifies Before Congress, Emphasizes Credit Unions’ Commitment to Consumer Protection ​6/7/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified this morning at a hearing before the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit.
Vice Chairman Hood Urges Credit Union Industry to Increase Homeownership among the Underserved ​6/7/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered the keynote address during the Opening Session of the 33rd Serving the Underserved
Chairman Johnson Encourages Credit Unions to “Get Back to the Future Via the Basics” ​6/5/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson spoke during the general session of CUNA America’s Credit Union Conference and Expo in Las Vegas, NV.
Chairman Johnson to Testify Before Congress on Regulation Z, Consumer Protection ​6/4/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson has been invited to testify at a hearing before the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit.
Agencies Issue Final Illustrations of Consumer Information for Nontraditional Mortgage Products ​5/31/2007
The federal bank, thrift, and CU regulatory agencies on Thursday issued final illustrations of consumer information intended to help institutions implement the consumer protection ...
NCUA Chairman Johnson’s Statement on the Fifth Anniversary of the U.S. Department of Treasury’s Office of Financial Education ​5/31/2007
“This five year milestone gives NCUA and America’s credit unions the occasion to reflect on the growing value of financial education to their members.
Registration Now Open for NCUA Task Force “Town Hall” Meeting in Los Angeles ​5/29/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for an upcoming Outreach Task Force “Town Hall” meeting to be held in Los Angeles, CA on Monday, July 16.
Vice Chairman Hood Outlines Preparedness Steps with Congressman Bachus ​5/29/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with Congressman Spencer Bachus last week on Capitol Hill.
Board Member Gigi Hyland’s Statement on Chartering and Field of Membership Amendments Considered at Today’s Board Meeting ​5/24/2007
“I commend NCUA staff for its hard work on Interpretive Ruling and Policy Statement 07-1 (IRPS 07-1).
National Hurricane Preparedness Week, May 20 - 26 ​5/22/2007
President Bush has declared May 20 through May 26 as National Hurricane Preparedness Week.
Credit Union Assets and Savings Expand in 1st Quarter ​5/21/2007
Credit unions reported strong savings and asset growth while membership grew to over 86 million people during the first quarter of 2007 according to Call Report data submitted by the country’s 8,305 federally insured credit unions.
Vice Chairman Hood Addresses the Pennsylvania Credit Union Association’s 73rd Annual Convention & Exposition ​5/19/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the 2007 Pennsylvania Credit Union Association’s Annual Convention and Exposition during the business meeting session in Hershey, PA.
Vice Chairman Hood Addresses the Michigan Credit Union League’s Annual Convention & Exposition ​5/18/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the 2007 Michigan Credit Union League Annual Convention and Exposition during the keynote session in Detroit, MI.
Chairman Johnson Praises Commitment to Reaching Underserved At Credit Union Opening ​5/17/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson participated in the grand opening of the main branch of the Pacoima Development Federal Credit Union
NCUA Expresses Concerns to Everest National Insurance About Coverage Claims ​5/11/2007
National Credit Union Administration (NCUA) General Counsel Robert M. Fenner has sent a letter to Everest National Insurance Company expressing the agency's concern
Sharebuilders Federal Credit Union Closes ​5/9/2007
The National Credit Union Administration (NCUA) liquidated Sharebuilders Federal Credit Union, of Northridge, Calif., April 25, 2007.
Vice Chairman Hood Addresses the HAPI Conference on Affordable and Responsible Lending ​5/9/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed a conference hosted by the Hispanic Alliance for Progress Institute (HAPI) in Austin, TX.
NCUA Issues Prohibition Orders ​5/8/2007
The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Vice Chairman Hood Vows to Fight for Federal Preemption in Credit Union Taxation ​5/8/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Municipal Credit Union’s Annual Meeting in New York City as the first ever outside speaker invited to their Annual Meeting in over 90 years.
NCUA Issues Prohibition Orders ​5/4/2007
The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
NCUA Emphasizes Financial Education at Event on Capitol Hill ​5/2/2007 National Credit Union Administration (NCUA) Chairman JoAnn Johnson and NCUA staff answered questions and distributed materials regarding financial education to interested Members of Congress and their staff at an event on Capitol Hill last week.
Vice Chairman Hood Addresses the COSO Enterprise Risk Management Conference ​4/30/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the COSO Enterprise Risk Management Conference to help demonstrate to credit union executives
NCUA Chairman JoAnn Johnson’s Statement Regarding Small Business Week ​4/27/2007
April 22 through April 28, 2007 has been recognized as “Small Business Week” by President George W. Bush. National Credit Union Administration (NCUA) Chairman JoAnn Johnson has issued the following statement:
Registration Now Open for NCUA Outreach Task Force “Town Hall” Meeting in New Orleans ​4/27/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for the next Outreach Task Force “Town Hall” meeting to be held in New Orleans, LA on Wednesday, June 6.
Board Member Hyland Stresses MemberCentric Approach to League Audiences ​4/25/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland addressed both the Ohio and Delaware Credit Union League annual meetings last week.
Board Member Hyland Hears Broad Range of Perspectives During Outreach Task Force Meetings in Cincinnati and Boston ​4/25/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the first two of six Outreach Task Force Meetings last week in Cincinnati, OH and Boston, MA.
Vice Chairman Hood Seeks Best Practices From British Credit Union System ​4/25/2007
En route to speak at the Defense Council of Credit Unions in Italy last week, NCUA Vice Chairman Rodney E. Hood met with British Credit Union and government leaders to compare business best practices.
Chairman Johnson Stresses Importance of Financial Education to Local High School Students, Presents President’s Volunteer ​4/23/2007
In recognition of President Bush’s and the United States Congress’ designation of April as “Financial Literacy Month”, National Credit Union Administration (NCUA) Chairman JoAnn Johnson
Vice Chairman Hood Celebrates Small Business Week ​4/23/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered the keynote address at the 7th Annual Participation & Business Lending Symposium, hosted by WesCorp and Business Partners LLC in Scottsdale, AZ.
Board Member Hyland Highlights Small Business Service Opportunities Available to Credit Unions ​4/19/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland met with local credit union officials this morning in Cincinnati, Ohio, to share insights, listen and discuss ideas regarding credit union member business lending.
Federal Regulators Encourage Institutions to Work with Mortgage Borrowers Who Are Unable to Make Their Payments ​4/17/2007
The federal bank, thrift and credit union regulatory agencies are encouraging financial institutions to work with homeowners who are unable to make mortgage payments.
NCUA Responds to Wings FCU Proposal ​4/17/2007
NCUA has reviewed the offer by Wings Federal Credit Union (Wings) to pay members of Continental Federal Credit Union (Continental) $200
Obelisk Federal Credit Union Placed In Conservatorship ​4/17/2007
The National Credit Union Administration (NCUA) has assumed control of service and operations at Obelisk Federal Credit Union, with assets of $51 million, located in New Albany, Indiana.
Agencies Announce Availability of 2006 HMDA Data ​4/12/2007
The federal bank, credit union, and thrift supervisory agencies, along with the Department of Housing and Urban Development, announced today the availability of the 2006 home loan data disclosed under the Home Mortgage Disclosure Act (HMDA).
New Horizons Community CU Takes Action After Potential Data Breach; Members Informed of Protections ​4/11/2007
New Horizons Community Credit Union (NHCCU), a state chartered federally insured credit union located in Denver, Colo., and operating under conservatorship of the National Credit Union Administration
NCUA Chairman JoAnn Johnson’s Statement Regarding Proposed Military Lending Regulation ​4/11/2007
The Department of Defense has published a proposed regulation to implement 10 U.S.C. § 987 in the Federal Register for public comment.
NCUA Charters Native American Credit Union in South Dakota ​4/10/2007
The National Credit Union Administration (NCUA) has approved a charter and low-income designation for CR Community First Federal Credit Union of Eagle Butte, South Dakota.
NCUA Chairman JoAnn Johnson’s Statement on Financial Literacy Month ​4/10/2007
The month of April, 2007, has been recognized as “Financial Literacy Month.” National Credit Union Administration (NCUA) Chairman JoAnn Johnson has issued the following statement:
Chairman Johnson Addresses Wings/Continental Issue ​4/5/2007
National Credit Union Administration Chairman JoAnn Johnson will make the following statement concerning the attempted Wings-Continental merger today when addressing the Massachusetts Credit Union Governmental Affairs Day Conference in Boston.
Board Member Hyland Represents NCUA Board at FDIC Advisory Committee on Economic Inclusion ​4/2/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland was invited to attend the inaugural meeting of the FDIC's Advisory Committee on Economic Inclusion as an observer on behalf of the agency.
NCUA Issues Cease and Desist Order ​4/2/2007
The National Credit Union Administration (NCUA) has issued a cease and desist order against Dover N. J. Spanish American Federal Credit Union to correct substantial Bank Secrecy Act compliance problems.
Vice Chairman Hood Presents New Federal Charter to Faith Based Credit Union 4/2/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney Hood presented Senior Pastor, Reverend Dr. Lee P. Washington
NCUA-NASCUS Hold National Meeting ​3/28/2007
The 29th National Regulators Meeting held March 25-27 in Salt Lake City, Utah, brought together the National Credit Union Administration (NCUA) and the National Association of State Credit Union Supervisors
Vice Chairman Hood Calls for the Financial Services Community to Work Together to Serve the Poor at Treasury’s Unbanked ​3/27/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney Hood served as a featured speaker at the U.S. Department of the Treasury’s Northwest Regional Conference on Reaching Unbanked People.
Chairman Johnson Testifies on Subprime Mortgage Lending ​3/27/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified today before the House Subcommittee on Financial Institutions
NCUA Charters Faith Based Credit Union in Bronx, N.Y. ​3/26/2007
The National Credit Union Administration (NCUA) has approved a charter and low-income designation for New Covenant Dominion Federal Credit Union of Bronx, New York.
Federal Regulators Seek Public Comment on Model Privacy Notice ​3/21/2007
Eight federal regulators today released a notice of proposed rulemaking (NPR) requesting comment on a model privacy form that financial institutions can use for their privacy notices to consumers required by the Gramm-Leach-Bliley Act (GLB Act).
Chairman Johnson’s Statement on Merger Regulation Requirements ​3/15/2007
“NCUA focuses on member benefit first and foremost when considering any credit union merger. NCUA’s rules governing mergers of federally insured credit unions
NCUA-FinCEN BSA Webinar Available Online ​3/15/2007
The “BSA: A Year in Review and Setting the Table for 2007” Webinar, co-hosted by National Credit Union Administration (NCUA) Chairman Joann Johnson
Registration Now Open for NCUA Outreach Task Force “Town Hall” Meetings ​3/14/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for the first two of six upcoming Outreach Task Force “Town Hall” meetings.
NCUA Hosts Access Across America Summit in Tampa, FL. ​3/7/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted an Access Across America Economic Summit in Tampa, FL., on Tuesday.
Vice Chairman Hood Speaks About Leadership and Vision ​3/7/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood described his vision and leadership agenda to a crowd of over 3,000 attendees during last week’s Governmental Affairs Conference
Agencies Seek Comment on Subprime Mortgage Lending Statement ​3/2/2007
The federal financial regulatory agencies today issued for comment a proposed Statement on Subprime Mortgage Lending to address certain risks and emerging issues relating to subprime mortgage lending practices...
NCUA Chairman JoAnn Johnson’s Statement Regarding Resignation of Treasury Assistant Secretary Emil W. Henry, ​3/2/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson released the following statement regarding the resignation of Emil W. Henry, Assistant Secretary for Financial Institutions, U.S. Department of Treasury:
Board Member Hyland Looks Forward To Access Across America Summit in Florida ​3/1/2007
During her remarks to the General Session of CUNA’s Governmental Affairs Conference (GAC) this week
NCUA Chairman Johnson to Congress: Credit Unions Reaching Out to ‘Disadvantaged’ Communities ​3/1/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified this morning at a hearing before the U.S. House of Representatives Appropriations Subcommittee on Financial Services and General Government.
NCUA Recommends Preparation for Change in Daylight Savings Time, Issues Letter to Credit Unions ​3/1/2007
National Credit Union Administration (NCUA) JoAnn Johnson has issued a Letter to Credit Unions regarding the upcoming change in schedule for Daylight Savings Time
National Credit Union Administration Issues Civil Money Penalties ​2/27/2007
During the fourth quarter of 2006, the National Credit Union Administration (NCUA) assessed Civil Money Penalties against 22 federally insured credit unions that were late in submitting 2005 Home Mortgage Disclosure Act (HMDA) data.
Board Member Hyland Links GAC “Make an Impact!” Theme to Outreach Task Force Efforts ​2/27/2007
Board Member Gigi Hyland spoke today before participants at CUNA’s 2007 Government Affairs Conference (GAC).
Johnson Stresses Change to CUNA Conference Participants ​2/26/2007
NCUA Chairman JoAnn Johnson told over 3,000 assembled today at CUNA’s Governmental Affairs Conference (GAC)
Jane Walters Named NCUA Region II Director ​2/23/2007
The National Credit Union Administration Board has selected Deputy Executive Director Jane Walters to be Capital Region II Director filling the position left vacant with the retirement of Edward P. Dupcak.
Chairman Johnson to Testify Before Congress on Service to “Disadvantaged” Communities ​2/23/2007
National Credit Union Administration (NCUA) Chairman JoAnn Johnson has been invited to testify at a hearing before the U.S. House of Representatives Appropriations Subcommittee on Financial Services and General Government.
NCUA Schedules Closed Board Meeting ​2/22/2007
The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for February 23,
2007, at 10 a.m.
Credit Unions Post Solid Asset Growth in 2006 ​2/21/2007
Federally insured credit unions reported solid asset growth as lending continued to expand and the yield on loan income grew 15.45 percent according to year-end 2006 call report data submitted by the nation’s 8,362 federally insured credit unions.
Communities United Credit Union is Placed into Conservatorship ​2/16/2007
The National Credit Union Administration (NCUA) has assumed control of the operations of Communities United Credit Union, a state-chartered, federally insured credit union serving residents within several zip code areas in Wichita, Kansas.
Huron River Area Credit Union is Placed into Conservatorship ​2/16/2007
The National Credit Union Administration (NCUA) today assumed control of the operations of Huron River Area Credit Union, a state-chartered, federally insured credit union serving individuals working primarily in the Ann Arbor, Michigan, area.
NCUA Issues Prohibition Orders ​2/13/2007
The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Board Member Hyland Addresses Key Credit Union Issues at MD & DC Credit Union Association Meeting ​2/13/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland addressed the D.C. Chapter of the Maryland and
District of Columbia Credit Union Association’s first meeting of the year last week.
Board Member Hyland Announces Schedule for Town Hall Meetings ​2/13/2007
The purpose of the town hall meetings is to gather input and ideas from credit unions, credit union leagues and other interested parties.
Chairman Johnson Announces Peter C.Barrett as Senior Policy Advisor ​2/12/2007
NCUA Chairman JoAnn Johnson announced today the appointment of Peter C. Barrett as Senior Policy Advisor to the Chairman.
February Board Meeting Agenda Modified ​2/12/2007
The February 15, 2007, National Credit Union Administration (NCUA) Board meeting agenda has been modified.
Chairman Johnson’s Statement on Resignation of Federal Reserve Board Governor Susan Bies ​2/9/2007
Federal Reserve Board Governor Susan Schmidt Bies brought an extraordinary wealth of experience and operational
knowledge to her duties at the Federal Reserve.
NCUA Emphasizes Consumer Protection at Event on Capitol Hill ​2/9/2007
Representatives from the National Credit Union Administration’s (NCUA) Office of Public and Congressional Affairs
NCUA and FinCEN Host First-Ever Joint Seminar on Bank Secrecy Act Compliance Programs ​2/8/2007
More than 2,000 members of the credit union industry participated Tuesday in the first-ever web-based seminar hosted jointly by the National Credit Union Administration (NCUA) and the Financial Crimes Enforcement Network (FinCEN).
Agenda Set for Access Across America Summit in Tampa, FL. ​2/7/2007
The Agenda is set for the National Credit Union (NCUA) Access Across America economic empowerment summit in Tampa, Florida on Tuesday, March 6, at the Sheraton Tampa Riverwalk Hotel.
Chairman Johnson Statement on National Consumer Protection Week, Feb. 4-10 ​2/7/2007
President George W. Bush has proclaimed February 4 through February 10, 2007, as National Consumer Protection Week.
Board Member Hyland Offers Credit Unions Practical Tools, Encourages Open Communication and Comment ​1/30/2007
National Credit Union Administration (NCUA) Board Member Gigi Hyland traveled to Florida last week to discuss the many challenges and opportunities facing credit unions, while participating in a series of events.
NCUA Outreach Task Force Holds First Meeting ​1/30/2007
The National Credit Union Administration (NCUA) Outreach Task Force held its first meeting at NCUA headquarters today.
NCUA Issues Guidance on Using Automated Valuation Methods to Evaluate Collateral ​1/26/2007
NCUA has reiterated that credit unions can use automated valuation methods (AVMs) to determine the value of real property for smaller mortgages.
NCUA Issues Prohibition Orders ​1/24/2007
The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Chairman Johnson’s Statement on an NCUA Bylaw Review ​1/23/2007
"The continually evolving debate over credit union conversions, and the nature of member requests pertaining to credit union governance and records
Access Across America Summit Set in Tampa ​1/22/2007
Board Member Gigi Hyland will be facilitating the next NCUA Access Across America Economic Empowerment Summit.
NCUA Issues Prohibition Orders ​1/18/2007
The National Credit Union Administration (NCUA) has issued orders prohibiting former credit union employees from participating in the affairs of any federally insured financial institution.
Register Now For BSA Compliance Webinar ​1/18/2007
The National Credit Union Administration and the Financial Crimes Enforcement Network (FinCEN) are jointly hosting a free web-based seminar “BSA: A Year in Review and Setting the Table for 2007.”
Chairman Johnson, NCUA Staff Volunteer at Carpenter’s Shelter ​1/17/2007
In honor of the recent Martin Luther King, Jr. Holiday, National Credit Union Administration (NCUA) Chairman JoAnn Johnson
NCUA Issues 2007 Regulatory Review List ​1/17/2007
The National Credit Union Administration has posted its 2007 Regulatory Review List, which includes the regulations the Board has scheduled to review this year.
Hood Summit Highlights Risk Mitigation Issues ​1/16/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood hosted a Risk Mitigation Summit Thursday at the United States Chamber of Commerce.
Outreach Task Force Assembled ​1/16/2007
Board Member Gigi Hyland today announced that members of the Outreach Task Force have been appointed from among a
diverse group of NCUA professionals.
NCUA and FinCEN to Host Joint Seminar on Bank Secrecy Act Compliance Programs ​1/11/2007
The National Credit Union Administration and the Financial Crimes Enforcement Network today announced that they will jointly host a seminar over the web “BSA: A Year in Review and Setting the Table for 2007.”
January NCUA Board Meeting Cancelled ​1/8/2007
The open meeting of the National Credit Union Administration (NCUA) Board scheduled for January 18, 2007, have been cancelled due to the lack of finalized agenda items.
Vice Chairman Hood Announces Final Agenda For NCUA Risk Mitigation Summit ​1/5/2007
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood released the agenda and full list of speakers for the upcoming Risk Mitigation Summit that he will be hosting on January 11, 2007 at the United States Chamber of Commerce.
 

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