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News and Press Releases - 2008

​News Story ​Dateline ​Summary
Fryzel Welcomes Pennsylvania Credit Union League Officials ​12/23/2008 Chairman Michael E. Fryzel welcomed Jim McCormack, President/CEO and Rick Wargo Jr., Executive Vice President from the Pennsylvania Credit Union League to NCUA headquarters in Alexandria, Va., last week.
Fryzel Meets With Realtors FCU Principals ​12/22/2008
Chairman Michael E. Fryzel welcomed representatives from the newly-formed Realtors Federal Credit Union to NCUA headquarters in Alexandria, VA last week.
Application Period Extended for CU HARP ​12/18/2008
National Credit Union Administration is extending the application period for credit union participation in Credit Union Homeowners Affordability Relief Program (CU HARP) until December 29, 2008, at 12 p.m. EST.
NCUA Finalizes Unfair and Deceptive Consumer Credit Rule ​12/18/2008
The NCUA Board joins the Office of Thrift Supervision and the Federal Reserve Board today in approving final rule, Part 706, governing unfair or deceptive acts or practices related to credit cards.
NCUA Adds Closed Board Meeting ​12/17/2008
The National Credit Union Administration (NCUA) Board has added a closed agenda to tomorrow’s December 18 Board meeting.
Fryzel Issues Webcast on NCUA Initiatives ​12/16/2008
NCUA Chairman Michael E. Fryzel today issued a webcast recapping NCUA initiatives since August and addressing new programs such as CU HARP and CU SIP.
Vice Chairman Hood Provides Oregon League With A Credit Union Market Update ​12/16/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in a Town Hall Meeting yesterday at First Tech Credit Union in Beaverton, Oregon.
NCUA Webcast Details CU HARP, CU SIP ​12/16/2008
NCUA Chairman Michael E. Fryzel introduced a 1 ½ hour audio webcast that attracted over 1,400 participants today, detailing the Credit Union Homeowners Affordability Relief Program (CU HARP) and Credit Union System Investment Program (CU SIP).
Hyland Encourages Volunteers to be Vigilant and Innovative ​12/15/2008
Last week, NCUA Board Member Gigi Hyland encouraged over 400 volunteers at the Credit Union Executive Society’s Directors Conference in Palm Desert, CA, to continue their efforts to be vigilant and innovative stewards of their credit unions.
US Central Capital Change Approved ​12/12/2008
The NCUA Board, by notation vote, has approved a regulatory change that enables US Central to convert membership capital accounts (MCA), a portion of existing capital, to a new paid-in-capital instrument (PIC2)
Fryzel Unveils Homeowners and Credit Union Assistance Programs ​12/9/2008
NCUA Chairman Michael E. Fryzel today provided details on the Credit Union Homeowners Affordability Relief Program (CU HARP), unveiled in November, and a complementary program to provide contingent liquidity for the credit union system
Fryzel to Appear on CNBC and Fox Business Network Today ​12/9/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel will appear today, December 9th, on the CNBC and Fox Business Network.
Fryzel Unveils Homeowners and Credit Union Assistance Programs ​12/9/2008
NCUA Chairman Michael E. Fryzel today provided details on the Credit Union Homeowners Affordability Relief Program (CU HARP), unveiled in November, and a complementary program to provide contingent liquidity for the credit union system
Board Member Hyland Announces Supplemental Capital Initiative ​12/8/2008
National Credit Union Board Member Gigi Hyland announced today that she will accelerate consideration of supplemental capital approaches in her role as liaison to the National Association of State Credit Union Supervisors (NASCUS).
Vice Chairman Hood Discusses Succession Planning at CUNA’s YES Summit ​12/8/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Credit Union National Association (CUNA) YES Summit December 5 in Tampa, Fla.
West Hartford Credit Union Closes ​12/5/2008
The NCUA today accepted appointment as receiver/liquidator of West Hartford Credit Union, Inc., in Farmington Connecticut, following the State of Connecticut Department of Banking decision to close the credit union.
Board Member Hyland Participates In Radio Interview ​12/4/2008
National Credit Union Administration Board Member Gigi Hyland recently participated in a Home & Family Finance radio program, sponsored by the Credit Union National Association (CUNA).
NCUA Continues Share Insurance Outreach ​​12/4/2008
The National Credit Union Administration has continued its active promotion of the safety of federally insured credit union deposits through a nationwide advertising campaign.
Marquis Named Executive Director Upon Skies Retirement ​​12/2/2008
The National Credit Union Administration Board today selected Examination and Insurance Director David M. Marquis to assume the role of NCUA Executive Director (ED) upon departure of ED J. Leonard Skiles, who is retiring at year-end 2008.
NCUA Schedules Closed Board Meeting ​11/26/2008
The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for December 2, 2008, at 10 a.m.
Fryzel Outlines NCUA Actions, Sounds Proactive Note ​11/25/2008
NCUA Chairman Michael E. Fryzel touted NCUA's efforts to assist credit unions during the recent market turbulence, including his recently-approved 12 month examination program, during remarks Friday to an Illinois credit union gathering.
Hood Participates In Current Issues In Credit Union (CliCU) Podcast ​11/25/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in the CliCU monthly podcast about credit union hot topics and breaking legal news.
Credit Unions Post Asset, Savings, Loan and Member Growth ​11/21/2008
While federally insured credit unions remain financially sound, the industry’s financial results reflect some repercussions of the current economic turmoil
Statement of Board Member Gigi Hyland on the November 20, 2008 Board Meeting ​11/20/2008
"Today’s NCUA Board meeting will have significant impact on all credit unions ranging from safety and soundness considerations to credit union outreach to underserved and low-income communities."
Fryzel Emphasizes Proactivity, Member Service to MD/DC Chapter ​11/19/2008
National Credit Union Administration Chairman Michael E. Fryzel last Thursday addressed the importance of continued regulatory proactivity to over 80 credit union officials at the Maryland and DC Credit Union League’s Suburban Chapter Meeting.
Fryzel to Congress: NCUA Ready to Help with Assets ​11/19/2008
National Credit Union Administration Chairman Michael E. Fryzel today called upon Congress to encourage Treasury to equip NCUA with additional flexibility in dealing with troubled assets in the credit union industry.
Fryzel Announces Mortgage Relief Program for Consumers ​11/18/2008
National Credit Union Administration Chairman Michael E. Fryzel today unveiled a new initiative aimed at assisting credit union members who are experiencing mortgage-related financial difficulties to preserve their homeownership.
Fryzel Emphasizes Safety and Soundness, Member Protection to California/Nevada Leagues ​11/17/2008
NCUA Chairman Michael E. Fryzel last Thursday sounded a strong call to for regulatory proactivity and focus on credit union members during remarks to the California/Nevada Credit Union League’s Annual Meeting and Convention in San Francisco, CA.
Vice Chairman Hood Presents Charter to Realtors ​11/17/2008
Vice Chairman Rodney Hood, last week personally presented the National Association of Realtors with their federal credit union charter. The ceremony occurred during the Association’s annual meeting in Orlando, FL.
Fryzel Urges Paulson To Reconsider TARP ​11/13/2008
National Credit Union Administration Chairman Michael E. Fryzel today called upon Treasury Secretary Henry M. Paulson to reconsider the announced reversal of the asset purchase function of the Troubled Assets Relief Program (TARP).
NCUA Issues Prohibition Orders ​11/12/2008
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
NCUA Today Charters Federal Credit Union to Serve National Association of Realtors ​11/7/2008
NCUA Chairman Michael E. Fryzel announced that Realtors Federal Credit Union (FCU), headquartered in Rockville, Maryland, was chartered today to serve members and employees of the National Association of Realtors.
Fryzel Visits Student CU Branch ​11/6/2008
NCUA Chairman Michael E. Fryzel toured Regional Federal Credit Union and its student branch at Morton High School in Hammond, IN Tuesday.
NCUA Participates in Deposit Insurance Conference ​11/3/2008
The National Credit Union Administration participated in the International Association of Deposit Insures Conference (IADI) October 28th and 29th.
Board Member Hyland Participates in Podcast ​10/31/2008
National Credit Union Administration (NCUA) Board Member Gigi Hyland participated in a podcast Monday on current issues facing the credit union system.
Share Insurance 101 Webinar Now Archived on NCUA Website ​10/31/2008
NCUA Board Member Gigi Hyland today announced that the full Share Insurance 101 Webinar is archived online.
Fryzel Announces Initiatives to Improve Supervision, Centralize Chartering Process ​10/30/2008
National Credit Union Administration Chairman Michael E. Fryzel announced two significant initiatives during today’s annual NCUA Budget Briefing and Public Forum designed to enhance supervisory oversight of federally insured credit unions
Revised 2009 NCUA Board Meeting Schedule Issued ​10/30/2008
The National Credit Union Administration has revised numerous 2009 monthly Board meetings since the scheduled was originally published in September.
Statement of Board Member Gigi Hyland on the 8th Annual Budget Briefing and Public Forum ​10/30/2008
This 8th Annual Budget Briefing and Public Forum represent a continued commitment by NCUA to transparency and more responsive accountability for agency operations and finances.
NCUA Receives Top CFC Award ​10/29/2008
The National Credit Union Administration Central and Region II office 2008 fundraising efforts were recognized today by the Combined Federal Campaign (CFC) at the agency’s 2009 CFC campaign kick-off.
Fryzel Visits Acceso FCU ​10/24/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel visited Acceso Federal Credit Union in Washington, DC Wednesday, in conjunction with Hispanic Heritage Month.
NCUA Seeks Non-Interest Account Coverage for Credit Unions ​10/23/2008
National Credit Union Administration Chairman Michael E. Fryzel has requested credit union inclusion in Treasury Department’s recently expanded deposit insurance coverage of non-interest bearing deposit accounts.
Chairman Fryzel Visits Signal Financial FCU Branch ​10/21/2008
NCUA Chairman Michael E. Fryzel visited Signal Financial Federal Credit Union in Washington, D.C., October 15, 2008, to help celebrate the recent opening of a new branch office in a low-income neighborhood near Capitol Hill.​
CLF Available to Meet Liquidity Needs ​10/20/2008
NCUA Chairman Michael E. Fryzel issued a Letter to Credit Unions Friday, October 17,reminding credit unions that the Central Liquidity Facility (CLF) is available as a source of contingent liquidity during the current market turbulence.
Hood Promotes Risk Mitigation to Firefighter Summit: “You Truly Know the Meaning of Risk” ​10/20/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Firefighters National Credit Union Summit in Miami, Fla., October 17, 2008.
NCUA Insurance Estimator Updated, Reflects $250,000 Coverage ​10/20/2008
NCUA has placed an updated share insurance estimator on its website to provide members of insured credit unions an opportunity to estimate the amount of coverage the National Credit Union Share Insurance Fund now provides.
Chairman Fryzel Meets with NASCUS Officials ​10/17/2008
NCUA Chairman Michael E. Fryzel welcomed National Association of State Credit Union Supervisors President Mary Martha Fortney; North Carolina Regulator Jerrie Lattimore and Georgia Regulator George Reynolds to NCUA headquarters this week.
NCUA Approves Corporate Credit Union Loan Guarantee Program ​10/16/2008
The National Credit Union Administration Board today approved a temporary corporate credit union liquidity guarantee program that will operate from October 16, 2008, through June 30, 2009.
NCUA Board Issues International Credit Union Day Proclamation ​10/16/2008
The National Credit Union Administration Board today issued a proclamation declaring October 16, 2008 International Credit Union Day.
NCUA to Hold Eighth Annual Budget Briefing and Public Forum ​10/15/2008
The National Credit Union Administration (NCUA) will hold its eighth annual Budget Briefing and Public Forum in October.
Fryzel Welcomes GTE Federal CEO to NCUA ​10/15/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel recently welcomed former NCUA General Counsel, and current GTE Federal Credit Union CEO Wendell (Bucky) Sebastian to NCUA headquarters.
Fryzel Meets with Housing and Finance Board Member Geoff Bacino ​10/14/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Housing and Finance Board Member Geoff Bacino to NCUA headquarters recently.
Fryzel Appears on Fox Business Network ​10/14/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel told viewers today on Fox Business Network’s "Money for Breakfast" with Alexis Glick, that the nation’s credit unions are a safe, secure source for loans and savings.
Fryzel to Appear on Fox Business Network ​10/10/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel will appear Tuesday, October 14 on the Fox Business Network’s “Money for Breakfast” program.
Vice Chairman Hood Leads the Call to Preserve Confidence in America’s Credit Union System ​10/9/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Credit Union Association of New York’s Annual Meeting in Niagara Falls, N.Y.
Expanded Share Insurance Webinar PowerPoint is Available Online ​10/9/2008
The National Credit Union Administration has posted the Expanded Share Insurance 101 Webinar PowerPoint presentation on its website in several locations.
NCUA Insurance Materials Updated and Available ​10/8/2008
President George W. Bush signed into law the “Emergency Economic Stabilization Act of 2008” on October 3, 2008, which
temporarily increases federal deposit insurance coverage.
Hyland Share Insurance Webinar Draws Over 3,300 Participants ​10/7/2008
NCUA Board Member Gigi Hyland today hosted a webinar, Share Insurance 101, featuring the fundamentals of share insurance, which drew over 3,300 participants
Registration for Share Insurance 101 Webinar Still Open ​10/6/2008
Tomorrow, NCUA Board Member Gigi Hyland will host a webinar covering the fundamentals of share insurance.
Chairman Fryzel Statement On Passage Of The Emergency Economic Stabilization Act ​10/3/2008
"Today’s passage of the Emergency Economic Stabilization Act is the culmination of a month-long series of significant and beneficial legislative changes for credit unions."
TEXDOT-WF Credit Union Closes; Members Now Served by Postel Family Credit Union ​10/3/2008
The National Credit Union Administration announces today that Postel Family Credit Union, of Wichita Falls, Texas, has purchased the assets and assumed member shares of the recently liquidated TEXDOT-WF Credit Union of Wichita Falls, Texas.
NCUA Revises Insurance Coverage on Revocable Trust Accounts ​10/3/2008
The NCUA Board today adopted changes to simplify the rule determining the coverage available on revocable trust accounts – commonly called payable-on-death accounts or living trust accounts.
NCUA Is Revising All Documents Related to Increased Insurance Protection ​10/3/2008
Today’s passage of the Emergency Economic Stabilization Act of 2008 will require NCUA to immediately increase share insurance protection to $250,000 on all types of accounts until December 31, 2009.
NCUA Charters New Texas Credit Union ​10/2/2008
The National Credit Union Administration has issued a new federal charter for Oak Cliff Christian Federal Credit Union in Dallas, Texas.
Chairman Fryzel Statement On Senate Passage Of Share Insurance Increase ​10/2/2008
NCUA Chairman Michael E. Fryzel expressed his appreciation today for key provisions of the compromise economic stabilization legislation approved by the U.S. Senate yesterday evening.
Vice Chairman Hood Videos Address To Winston Salem Credit Union ​10/1/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood video recorded his addresses to the NW
Chapter of Credit Unions meeting yesterday in Winston-Salem, North Carolina.
NCUA Adds Share Insurance FAQs To Internet Tool Kit ​10/1/2008
NCUA today added responses to frequently asked questions (FAQ) to its Internet Share Insurance Tool Kit to enhance public awareness of the protection provided by the NCUA National Credit Union Share Insurance Fund.
Fryzel Meets with Navy Federal CEO Cutler Dawson ​10/1/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Defense Credit Union Council’s President/CEO Arty Arteaga to NCUA headquarters yesterday.
Chairman Fryzel Expresses Support for Insurance Coverage Increase ​9/30/2008
NCUA Chairman Michael E. Fryzel today voiced support for an increase in insurance limits for accounts backed by both the National Credit Union Share Insurance Fund (NCUSIF) and the Federal Deposit Insurance Corporation (FDIC).
Credit Union Print Ad "Your Money Is Safe" ​9/30/2008
Credit Union Members: Your Money Is Safe
Federal Insurance Poster ​9/30/2008
THIS CREDIT UNION IS FEDERALLY INSURED
Fryzel Tours South Side Community Federal Credit Union ​9/29/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured South Side Community Federal Credit Union in Chicago today.
Fryzel Statement on the Congressional Increase in the CLF Lending Limit ​9/27/2008
"I am extremely pleased that Congress has responded favorably to our request that NCUA be given authority to lend to its statutorily set Central Liquidity Facility loan level, which is now $41 billion," NCUA Chairman Michael E. Fryzel stated.
Fryzel Continues Credit Union Delegation Meetings ​9/25/2008
NCUA Chairman Michael E. Fryzel met this week with delegations from the Wisconsin, Georgia, Ohio and Oregon credit union leagues, continuing his encouragement of involvement in the governmental affairs process on the part of credit union
NCUA Initiates Share Insurance Call Center, Tool Kit ​9/23/2008
The National Credit Union Administration today opens a call center and posts an electronic tool kit to help members and credit unions better understand the insurance protection NCUA provides for member accounts.
Fryzel Welcomes Credit Union Service Providers ​9/23/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Stan Hollen, CEO of the CO-OP Network and Carroll Beach, President of the Credit Union Services Corporation to NCUA headquarters today.
NCUA Welcomes Illinois Credit Union and League Representatives ​9/19/2008
NCUA Chairman Michael E. Fryzel and Board Member Gigi Hyland welcomed 15 Illinois Credit Union and League representatives to Alexandria today, and encouraged continued activism and involvement in the governmental affairs process.
Registration Now Open for Share Insurance 101 Webinar ​9/18/2008 Registration for the Tuesday, October 7, 2008, webinar “Share Insurance 101” is now open. Interested parties can register for this free webinar by going to the following link
NCUA Posts 2009 Board Meeting Schedule ​9/18/2008
The National Credit Union Administration today announces its 2009 Board meeting schedule. The Board plans to convene each month on a Thursday at 10 a.m.
Fryzel Signals Strong, Assertive Approach at NAFCU Conference ​9/17/2008
NCUA Chairman Michael E. Fryzel today in a major address to the National Association of Federal Credit Unions announced his intent to take strong and decisive steps to preserve confidence in the credit union industry.
NCUA Issues Prohibition Orders ​9/17/2008
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
NCUA Issues Prohibition Orders ​9/17/2008
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Fryzel Welcomes Kentucky Credit Union Delegation ​9/15/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed 25 Kentucky credit union and League representatives to Alexandria Thursday, and encouraged continued activism and involvement in the governmental affairs process.
NCUA Encourages Credit Unions to Ensure Readiness for Ike ​9/11/2008
In anticipation of the potential impact of Hurricane Ike as it strengthens and makes its way toward the Gulf Coast, the NCUA is advising credit unions and credit union members in the potential path of the storm to prepare for all contingencies.
Fryzel Meets With Filene Institute Director ​9/11/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met yesterday with Ben Rogers, the Filene Research Institution’s CU Tomorrow project leader and director of the Institute’s 30 Under 30 group.
NCUA, Credit Union Preparations Ensured Quick Gustav Recovery ​9/10/2008
The wide variety of proactive measures employed by the National Credit Union Administration (NCUA) and Gulf Coast credit unions enabled rapid recovery from potentially disastrous Hurricane Gustav, an assessment of post-disaster results indicates.
NCUA Initiatives Respond to Member Insurance Questions ​9/10/2008
NCUA is undertaking a three-pronged approach this week to ensure that members of federal and most state-chartered credit unions are aware their accounts are insured by NCUA and backed by the full faith and credit of the U.S. Government.
John Kutchey Named Deputy Director, Office of Examination and Insurance ​9/8/2008
NCUA Executive Director J. Leonard Skiles announces the appointment of John Kutchey to the position of Deputy Director of the Office of Examination and Insurance (E&I) at NCUA’s headquarters in Alexandria.
Fryzel Tours Illinois Credit Unions ​9/5/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel this week continued his outreach to the credit union industry by touring Selfreliance Ukrainian American Federal Credit Union and North Side Community Federal Credit Union in Chicago.
Fryzel Meets With the Illinois State Regulator ​9/4/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met today with Illinois Division of Financial Institutions (DFI) Director Robert E. Meza in Chicago. lll.
Fryzel Appoints Sarah D. Vega Chief of Staff ​9/3/2008
National Credit Union Administration Chairman Michael E. Fryzel has announced the appointment of Sarah D. Vega, of Chicago, Illinois, as Chief of Staff and Senior Policy Advisor to the Chairman effective September 10, 2008.
75th Federal Credit Union Anniversary Symposium Set in D.C. ​9/2/2008
Board Member Gigi Hyland will be hosting a Symposium recognizing the 75th Anniversary of the signing of the Federal Credit Union Act. The program will be held June 9 and 10, 2009, at the Hyatt Regency Washington D.C. on Capitol Hill.
NCUA Encourages Credit Unions to Ensure Readiness for Gustav ​8/29/2008
In anticipation of the potential impact of Tropical Storm Gustav as it strengthens and makes its way toward the Gulf Coast, the NCUA is advising credit unions and credit union members in the potential path of the storm to prepare for all contingencies.
Fryzel Tours State Department Federal Credit Union ​8/28/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured and became a member of State Department Federal Credit Union during his visit of the credit union’s headquarters in Alexandria, VA.
Fryzel Welcomes NASCUS CEO to NCUA ​8/28/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed National Association of State Credit Union Supervisors (NASCUS President Mary Martha Fortney today at NCUA headquarters.
New London Security FCU Full Payout Currently Over 97% ​8/28/2008
The National Credit Union Administration today announced results of its continuing reconciliation of accounts at New London Security First FCU in New London, CT, which the federal agency placed into liquidation one month ago today.
Fryzel Welcomes American Share Insurance Representatives to NCUA ​8/27/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed American Share Insurance (ASI) President Dennis Adams and Executive Vice President Duane Welsh today at NCUA headquarters in Alexandria.
Fryzel Welcomes Community Development Leader to NCUA ​8/26/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met today with National Federation of Community Development President Clifford N. Rosenthal today at the NCUA Central office in Alexandria, VA.
Fryzel To NASCUS Summit: My Commitment Is A Partnership ​8/21/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today delivered a message of cooperation and strong regulatory oversight to the National Association of State Credit Union Supervisors 2008 Summit in Seattle, Washington.
Credit Unions Show Consistent Asset, Savings and Member Growth ​8/20/2008
The overall financial condition of federally insured credit unions remains strong. Assets, loans, shares, and membership demonstrated consistent growth through the first six months of the year according to the June 30, 2008
NCUA Highlights Insurance Protection ​8/14/2008
The National Credit Union Administration (NCUA) has issued a letter to credit unions highlighting the resources available to help educate members about the benefits of share insurance coverage offered by federally insured credit unions
Fryzel Welcomes CUNA CEO to NCUA ​8/11/2008
National Credit Union Administration (NCUA) Chairman Michael E. Fryzel held his initial meeting with Credit Union National Association (CUNA) President Daniel A. Mica today at NCUA headquarters in Alexandria.
Hood Summit Stresses Proactivity, Flexibility ​8/9/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood hosted his second annual Risk Mitigation
Summit Thursday at the Federal Reserve Bank of Chicago.
NCUA Hosts NASCUS New Commissioners ​8/7/2008
NCUA Chairman Michael E. Fryzel and Board Member Gigi Hyland, Board Representative to NASCUS, welcomed newly appointed state credit union commissioners and representatives of the National Association of State Credit Union Supervisors.
Port Trust Federal Credit Union Closes ​8/5/2008
The National Credit Union Administration (NCUA) placed Port Trust Federal Credit Union of Charleston, South Carolina, into
liquidation today.
Hood Risk Mitigation Summit Agenda Finalized ​8/4/2008
Vice Chairman Rodney Hood announced the agenda for his second “Risk Mitigation Summit,” to be held Thursday, August 7, 2008, at the Federal Reserve Bank in Chicago, lll.
Michael E. Fryzel Sworn-in as NCUA Chairman ​7/29/2008
Michael E. Fryzel became Chairman of the National Credit Union Administration today in Chicago, Ill. The Honorable Lee Preston, Judge of the Cook County Circuit Court and longtime friend of Chairman Fryzel, administered the oath of office at noon CDT.
Vice Chairman Hood Meets With Vice Chairman of the Chinese Banking Regulatory Commission in Beijing ​7/28/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with Mr. Jiang Dingzhi, Vice Chairman of the International Department for the Chinese Banking Regulatory Commission (CBRC) during his recent trip to Beijing, China.
NCUA Seeks Executive Approval For New Agency Seal ​7/24/2008
The NCUA Board voted to seek an Executive Order from President Bush approving a new agency seal that incorporates the eagle and shield of the Great Seal of the United States to more clearly convey a federal government image.
NCUA Statement on the Members First Federal Credit Union Decision ​7/21/2008
Today the court rendered a decision in the American Bankers Association vs NCUA case concluding that the agency’s approval in 2003 of a six county area in South Central Pennsylvania was arbitrary and capricious.
Meriden F.A. Federal Credit Union Closes ​7/16/2008
The National Credit Union Administration (NCUA) placed Meriden F. A. Federal Credit Union of Meriden, Connecticut, into
liquidation today.
Vice Chairman Hood Announces His 2008 Risk Mitigation Summit Has Reached Capacity ​7/15/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood announced today that registration for his 2008 Risk Mitigation Summit, being held at the Federal Reserve Bank of Chicago on August 7, 2008, is now full.
Fryzel Continues Transition, Meets with Johnson ​7/15/2008
NCUA Board Chairman Designate Michael E. Fryzel met with Chairman JoAnn Johnson and senior NCUA staff during a two-day visit to Washington July 15-16, as part of his preparation for assumption of the NCUA Chairmanship later this month.
Federal Insurance Protection Strong At Mid-Year ​7/14/2008
National Credit Union Administration (NCUA) Chairman JoAnn Johnson today said, “Member deposits in federal and almost all state chartered credit unions are federally insured by the NCUA, through the National Credit Union Share Insurance Fund (NCUSIF).
Hyland Attends FDIC Forum on Expanding Mortgage Lending for Low- and Moderate- Income Households ​7/11/2008
National Credit Union Administration (NCUA) Board Member Gigi Hyland represented NCUA Tuesday, July 8 in Arlington, Va., at the Federal Deposit Insurance Corporation (FDIC) forum on strategies
Vice Chairman Hood Announces Initial Blueprint 2020 Initiative Findings at NAFCU’s Annual Conference ​7/10/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed NAFCU’s Annual Conference yesterday in San Diego, Calif.
NCUA Issues Prohibition Orders ​7/8/2008
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Statement of Michael E. Fryzel RegardingHis Assumption of the NCUA Chairmanship ​7/7/2008
"I will take the oath of office and assume the duties of Chairman of the National Credit Union Administration at the end of July."
NCUA and IRS Offer Second VITA Program Production ​7/2/2008
The National Credit Union Administration (NCUA) will partner with the U.S. Internal Revenue Service (IRS) to produce an informational video on the IRS’ Volunteer Income Tax Assistance (VITA) Program.
NCUA Liquidates Sterlent and Cal State 9 Credit Unions; Patelco Credit Union Purchases and Assumes Credit Union Assets ​7/1/2008
The National Credit Union Administration (NCUA) today liquidated two state chartered California credit unions, Sterlent Credit Union of Pleasanton and Cal State 9 Credit Union of Concord.
Chairman JoAnn Johnson’s Statement on the Conclusion of her Chairmanship 6/30/2008
As I conclude my service on the Board of the National Credit Union Administration, I would like to take this opportunity to reflect not only on the issues and challenges that have been presented during my tenure
Vice Chairman Hood Comments on the Nomination of Sandy K. Baruah as SBA Administrator ​6/30/2008
Nominated by President Bush, Baruah has spent the past two and a half years serving as the Assistant Secretary of the
Economic Development Administration (EDA) at the Department of Commerce.
Vice Chairman Hood Addresses Annual Enterprise Risk Management Conference and Announces The Speakers For His Own Risk Mitigation Summit ​6/30/2008
NCUA Vice Chairman Rodney E. Hood addressed the Corporate One Federal Credit Union’s Enterprise Wide Risk Management Conference to communicate to credit union executives the importance of identifying the risks
Fryzel Nomination Confirmed by the U.S. Senate ​6/27/2008
NCUA Board nominee Michael E. Fryzel was confirmed today by the U.S. Senate to a seat on the NCUA three-member Board. As the NCUA chairman designee, he will replace Chairman JoAnn Johnson, whose term expired August 12, 2007.
Statement by Incoming Chairman Michael E. Fryzel ​6/27/2008
"As with the President’s decision to nominate me to the Board of the National Credit Union Administration and confer the high honor of Chairman, I am deeply honored by my U.S. Senate confirmation."
Hyland Announces Symposium to Honor Federal Credit Union Act 75th Anniversary ​6/26/2008
NCUA Board Member Gigi Hyland announced today she will facilitate a symposium next June in recognition of the 75th Anniversary of the Federal Credit Union Act.
Chairman JoAnn Johnson’s Statement on House Passage of CUBTRRA ​6/24/2008
“House passage of the Credit Union, Bank and Thrift Regulatory Relief Act represents a positive step forward in the overall cause of updating the laws under which credit unions operate.
Board Member Hyland Participates in Credit Union Industry Podcast ​6/24/2008
National Credit Union Administration (NCUA) Board Member Gigi Hyland and her Senior Policy Advisor, Gary Kohn, yesterday participated in a podcast entitled “Current Issues in Credit Unions, Episode 27.”
NCUA Activates Disaster Assistance in Response to Storms and Flooding in Wisconsin ​6/17/2008
The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the storms, flooding, and tornadoes in Wisconsin.
NCUA Activates Disaster Assistance in Response to Storms and Flooding in Indiana and Iowa ​6/13/2008
The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the storms, flooding, and tornadoes in Indiana and Iowa.
Vice Chairman Hood Represents NCUA at Swearing-In Ceremony of HUD Secretary Steven C. Preston ​6/6/2008
NCUA Vice Chairman Rodney E. Hood was on hand today at the Department of Housing and Urban Development (HUD) as President George W. Bush praised the new HUD Secretary Steven C. Preston and White House Chief of Staff Josh Bolten.
Johnson Testifies Credit Unions Are Strong and Well Positioned ​6/5/2008
National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified today on the state of the credit unions industry before the Senate Banking Committee.
Vice Chairman Rodney Hood Dissenting Comments on the NCUA Board Vote on New Data Collection Requirements 5/22/2008
I want to thank the Outreach task Force for your hard work on your report. While I greatly appreciate your efforts, I find it
difficult to support your recommendations on new requirements for data collection.
National Hurricane Preparedness Week, May 25-31 ​5/22/2008
In recognition of National Hurricane Preparedness Week, May 25, 2008 to May 31, 2008, National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced that a National Hurricane Center
Federal Financial Regulators Issue Final Illustrations of Consumer Information for Hybrid Adjustable Rate Mortgage Products ​5/22/2008
The federal financial regulatory agencies today issued final illustrations for helping consumers understand certain hybrid adjustable rate mortgage (ARM) products.
Hyland Questions on Data Collection Outline Implementation, Uses ​5/22/2008
National Credit Union Administration Board Member Gigi Hyland asked a series of pointed, practical questions at today’s NCUA Board meeting regarding implementation of the Outreach Task Force’s
NCUA Selects Patelco Credit Union to Absorb Cal State 9 ​5/22/2008
The National Credit Union Administration (NCUA) today selected Patelco Credit Union’s bid to purchase the assets and assume the shares of Cal State 9 Credit Union (Cal 9) of Concord, California.
Hood Touts Credit Union Capabilities to The Alliance For Economic Inclusion (AEI) ​5/21/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed a General Forum organized by the Boston and Worcester Alliances for Economic Inclusion (AEI) at Brandeis University in Boston, MA.
NCUA Issues Prohibition Orders ​5/20/2008
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Bob Foster Joins NCUA Public & Congressional Affairs ​5/14/2008
U.S. Treasury Deputy Assistant Secretary for Legislative Affairs (Banking & Finance) Robert U. Foster, III will join the National Credit Union Administration as Deputy Director of the Office of Public & Congressional Affairs effective May 19, 2008.
Father Burke Federal Credit Union Closes ​5/12/2008
The National Credit Union Administration (NCUA) placed Father Burke Federal Credit Union of Bronx, New York, into liquidation May 12, 2008.
St. Luke Baptist Federal Credit Union Closes ​5/5/2008
The National Credit Union Administration (NCUA) placed St. Luke Baptist Federal Credit Union of Laurelton, New York, into
liquidation May 3, 2008.
Hood Asks Alaska Credit Unions To Continue To Make Credit Available ​5/2/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Alaska Credit Union League’s Annual Conference in Juneau, AK.
NCUA to Issue Proposed Unfair or Deceptive Credit Pratice Rule ​5/1/2008
The National Credit Union Administration (NCUA) Board has approved a joint proposed rule prohibiting credit card and overdraft service practices as unfair or deceptive under Section 5 of the Federal Trade Commission Act.
NCUA Emphasizes Financial Literacy at Capitol Hill Event ​4/28/2008
In recognition of “National Financial Literacy Month,” representatives from the National Credit Union Administration’s
(NCUA) Office of Public and Congressional Affairs answered questions and distributed materials regarding financial literacy
Chairman Johnson Confers President’s Volunteer Service Award ​4/24/2008
In recognition of the upcoming National Volunteer Week (April 27 - May 3, 2008), NCUA Chairman JoAnn Johnson, presented Gordon A. Simmons, President/CEO of Service Credit Union in Portsmouth, New Hampshire, with the President’s Volunteer Service Award.
Johnson Notes National Small Business Week ​4/18/2008
The week of April 21-25, 2008, has been designated by the United States Small Business Administration (SBA) as National
Small Business Week.
Federal and State Regulators Gather for Annual NCUA/NASCUS National Regulators Meeting ​4/16/2008
Representatives from 38 state agencies and the National Credit Union Administration (NCUA) met in Tampa, Florida, this week for the annual NASCUS/NCUA National Regulators Meeting, April 13-15, 2008.
Johnson On Financial Literacy: Progress Made, More To Be Done ​4/15/2008
National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified April 15, 2008, on financial literacy efforts before the House Finance Services Committee.
Chairman Johnson Scheduled To Testify On Financial Literacy Before The House Financial Services Committee ​4/9/2008
NCUA Chairman JoAnn Johnson will join other financial regulators and private sector representatives testifying Tuesday, April 15, 2008, before the House Financial Services Committee on public and private financial literacy initiatives.
NCUA Chairman JoAnn Johnson’s Statement on Financial Literacy Month ​4/4/2008
The month of April, 2008, has been recognized as “Financial Literacy Month” by the United States Congress. National Credit Union Administration (NCUA) Chairman JoAnn Johnson has issued the following statement:
Chairman Johnson Announces Rebate Information Available on MyMoney Website ​4/2/2008
NCUA Chairman JoAnn Johnson today announced that information explaining the economic stimulus payments created by the Economic Stimulus Act of 2008 is now featured on the “What’s New” section of the main page of the MyMoney.gov website.
Statement of NCUA Board in Response to Treasury Department Report on Financial Regulatory Structure ​3/31/2008
The Executive Summary of the Treasury Report raises important issues about the optimal structure for governmental oversight of U.S. financial markets.
Hyland Outlines NeighborWorks Role, Aims, During Housing Crunch ​3/26/2008
NCUA Board Member Gigi Hyland detailed an ambitious and far-reaching agenda for NeigborWorks America(NWA), saying that "the NeighborWorks mission is always relevant, but never more than during these uncertain times
NCUA Issues Prohibition Orders ​3/25/2008
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Agencies Release Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance ​3/21/2008
The federal bank, thrift, credit union, and Farm Credit System regulatory agencies today requested public comment on new and revised interagency questions and answers regarding flood insurance.
Hood Encourages Partnerships to Facilitate Homeownership for the Underserved ​3/19/2008
NCUA Vice Chairman Rodney E. Hood addressed the National Federation of Community Development Credit Unions (NFCDCU) Mortgage Lending Seminar at the Center for Responsible Lending in Durham, N.C., yesterday.
Frequently Asked Questions to Board Member Hyland’s “Key Examination Issues Webinar” Now Available ​3/17/2008
NCUA Board Member Gigi Hyland is encouraging credit union officials to review Frequently Asked Questions (FAQs) which were raised by participants during her “Key Examination Issues for 2008.
Vice Chairman Hood Underscores Need To Increase Homeownership Among The Underserved ​3/17/2008
NCUA Vice Chairman Rodney E. Hood addressed the Flandreau Santee Sioux Tribe’s Town Hall Meeting hosted by MidAmerica Credit Union Association (MACUA) at the Tribe’s reservation north of Sioux Falls, South Dakota, March 13, 2008.
Johnson Commends Treasury Secretary Paulson on Today’s Financial Market Recommendations ​3/13/2008
National Credit Union Administration (NCUA) Chairman JoAnn Johnson today attended the briefing by U.S.
World Economic Forum Announces Rodney E. Hood As A 2008 Young Global Leader ​3/11/2008
The World Economic Forum today announced that National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood has been selected as a Young Global Leader 2008.
“Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” Webinar Featuring Board Member Hyland Now Live and Available for Viewing ​3/7/2008
The “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” webinar facilitated by National Credit Union Administration (NCUA) Board Member Gigi Hyland on January 29, 2008, is available for viewing.
Chairman Johnson Testifies on Credit Union Regulatory Improvements ​3/6/2008
National Credit Union Administration Chairman JoAnn Johnson testified before the U.S. House Financial Services Committee
hearing on "The Need for Credit Union Regulatory Relief.”
Chairman Johnson to CUNA GAC Participants: Transparency is Vital ​3/5/2008
National Credit Union Administration Chairman JoAnn Johnson today stressed the importance of member rights and transparency in her remarks to CUNA's Governmental Affairs Conference.
Chairman Johnson Testifies on State of CU Industry ​3/4/2008
National Credit Union Administration (NCUA) Chairman JoAnn Johnson joined federal and state financial regulators testifying
before the United States Senate Banking, Housing, and Urban Affairs Committee on “The State of the Banking Industry”.
Board Member Hyland speaks at the Credit Union National Association’s 2008 Governmental Affairs Conference ​3/4/2008
Board Member Hyland spoke at the Credit Union National Association’s 2008 Governmental Affairs Conference at the Washington Convention Center in Washington, D.C.
​3/3/2008 ​National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush’s designation of March 2, 2008 through March 8, 2008 as National Consumer Protection Week to highlighted important factors consumers should consider when considering a mortgage.
Chairman Johnson to Testify Twice on Capital Hill ​3/3/2008
National Credit Union Administration Chairman JoAnn Johnson will testify twice before Congress this week.
Hyland Transmits Outreach Task Force Report to NCUA Board ​2/26/2008
National Credit Union Administration Board Member Gigi Hyland today formally presented the Outreach Task Force Report to the NCUA Board.
Loans and Shares Reflect Steady Growth in 2007 ​2/21/2008
Federally insured credit unions reported solid loan and share growth and membership expansion in 2007 while loan delinquencies increased according to call report data submitted by the nation’s 8,100 federally insured credit unions.
NCUA Emphasizes Consumer Protection at Hill Event ​2/15/2008
Representatives from the NCUA Office of Public and Congressional Affairs answered questions and distributed materials regarding consumer protection to interested Members of Congress and their staff at the National Consumer Protection Week.
Board Member Hyland To Address Consumer Hotlines On Radio Broadcast ​2/14/2008
NCUA Board Member Gigi Hyland is participating in the Home and Family Finance™ radio program, sponsored by the Credit Union National Association (CUNA).
NCUA Issues Prohibition Orders ​2/12/2008
The National Credit Union Administration Board has issued orders prohibiting the following people from participating in the
affairs of any federally insured financial institution.
NCUA Activates Disaster Assistance in Response to Severe Storms in the Southeast United States ​2/8/2008
The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe storms, tornadoes, winds, and flooding in Arkansas and Tennessee.
Vice Chairman Hood Underscores the Need for Effective Enterprise Risk Management in the Current Economic Climate ​2/4/2008
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the National Association of Federal
Credit Unions’ (NAFCU) Mid-Sized CEO Roundtable in Williamsburg, Va.
Board Member Hyland Announces Webinar on Key Examination Issues for 2008 ​2/2/2008
Board Member Gigi Hyland announced today that she will moderate a webinar on Tuesday, January 29, 2008 entitled “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning.”
NCUA Announces 2008 Schedule for Credit Union Workshops ​1/30/2008
The National Credit Union Administration (NCUA) is holding 20 training workshops hosted by NCUA’s Office of Small Credit Union Initiatives in cities across the country in 2008.
Board Member Hyland Facilitates “Key Examination Issues for 2008” Webinar ​1/29/2008
National Credit Union Administration (NCUA) Board Member Gigi Hyland facilitated a webinar today entitled “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning.”
NCUA Selects Public Service Credit Union to Absorb Norlarco ​1/24/2008
The National Credit Union Administration (NCUA) today selected Public Service Credit Union’s bid to purchase the assets and assume the shares of Norlarco Credit Union (Norlarco) of Ft. Collins, Colorado.
NCUA Webinar: Key Examination Issues for 2008 ​1/23/2008
This webinar will focus on: the practical implications of the recently released Letter to Credit Unions on Evaluation Third Party Relationships(07-CU-13) & address strategic planning considerations for management and boards of directors.
Johnson Issues MLK Day Call for More Financial Literacy, Volunteerism ​1/22/2008
NCUA Chairman JoAnn Johnson used this week's Martin Luther King, Jr. holiday as an opportunity to highlight the importance of financial education while volunteering at an Alexandria, VA, elementary school branch of State Department FCU.
NCUA Terminates Garden Savings Federal Credit Union Cease and Desist Order ​1/17/2008
The National Credit Union Administration Board has terminated a cease and desist order issued July 3, 2007, to Garden Savings Federal Credit Union for violations of the Bank Secrecy Act (BSA).
Chairman Johnson Announces HOPE NOW Hotline Available on MyMoney Website ​1/16/2008
In her leadership role of the MyMoney.gov website, National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced the HOPE NOW hotline (1-888-995-HOPE) is now featured on the main page of the MyMoney.gov website.
Registration Now Open for Webinar on Key Examination Issues for 2008 ​1/15/2008
Registration for the Tuesday, January 29, 2008 webinar entitled “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” is now open.
Woodson Joins NCUA as Chief Financial Officer ​1/9/2008
The National Credit Union Administration has selected Mary Ann Woodson as Chief Financial Officer (CFO) of NCUA effective
January 14, 2008.
 

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