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News and Press Releases - 2010

News Story ​Dateline ​Summary
SAFE Act Mortgage Loan ​12/23/2010
The initial period for federal registration of residential mortgage loan originators under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”), 12 U.S.C. 5101–5116
Federal Share Insurance Multi-Media Campaign Gains Nationwide Exposure ​12/23/2010
NCUA today announced that donated advertising for the "NCUAsafe" multi-media public education campaign has now
topped $2.6 million in the three months since its initiation.
Matz Hails Passage of NCUA Amendments ​12/22/2010
National Credit Union Administration Chairman Debbie Matz commended Congress for today’s passage of S. 4036, which includes three technical amendments requested by NCUA
Effective Dates Set for FCU Director Duties Rule ​12/22/2010
The new NCUA rule addressing the duties of federal credit union boards will be effective in January 2011, and compliance with the financial literacy portion of the rule will be required by July 2011.
Indirect Lending Webinar Archive Available ​12/21/2010
National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.”
Revised 2009 NCUA Board Meeting Schedule Issued ​12/17/2010
The National Credit Union Administration has rescheduled the April 2009 NCUA Board meeting. The Board meeting has been rescheduled to Tuesday, April 21, 2009, at 10 a.m.
NCUA Places AEA Federal Credit ​12/17/2010
The National Credit Union Administration(NCUA) today assumed control of operations at AEA Federal Credit Union of Yuma, Arizona. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.
NCUA Letter to Corporates,Fact Sheet, Detail Action Plan ​12/15/2010
The NCUA this week issued a Letter to Corporate Credit Unions and a Fact Sheet to natural person credit unions detailing the corporate credit union (CCU) system transition plan and necessary natural person credit union considerations
Beehive Credit Union Closes, Members Now Served by Security Service Federal CU 12/14/2010
The NCUA today was appointed liquidating agent of Beehive Credit Union of Salt Lake City, by the Utah Department of Financial Institutions (DFI);
NCUA Revises December Board Meeting 12/14/2010
The National Credit Union Administration (NCUA) Board has revised the open Board meeting agenda scheduled for Thursday, December 16th at 10 a.m. The Board has added an additional item to the open meeting, NCUSIF Investment Committee Addition.
Final 2010 NCUA Guaranteed Note 12/13/2010
A National Credit Union Administration Guaranteed Note (NGN) student loan-based offering priced on Friday December 10, and
is planned to close Friday December 17.
NCUA Issues Prohibition Orders 12/13/2010
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Financial Stability Oversight Council holds Inagural Meeting 12/10/2010
Convening today for its first meeting, the Financial Stability Oversight Council took a number of important steps to fulfill its mandate under Dodd-Frank Wall Street Reform and Consumer Protection Act.
Matz Senate Banking Committee Hearing Now Available as Webcast 12/10/2010
A video webcast of yesterday’s Senate Banking Committee hearing entitled “The State of the Credit Union Industry,” featuring National Credit Union Administration Chairman Debbie Matz, is now available for viewing
Matz Outlines Corporate Credit Union Reforms, Industry Strength and Stability 12/9/2010
NCUA Chairman Debbie Matz today told the Senate Committee on Banking, Housing, and Urban Affairs that NCUA has reformed and strengthened the corporate credit union system.
NCUA Posts Annual Report: 12/3/2010
The National Credit Union Administration today posted its combined 2008-2009 Annual Report, titled Stability Through the Crisis.
Agencies Issue Final Appraisal and Evaluation Guidelines ​​12/2/2010
The federal financial regulatory agencies issued final supervisory guidance today on sound practices by financial institutions for real estate appraisals and evaluations.
Interagency Appraisal and Evaluation Guidelines ​​12/2/2010
The Agencies are issuing final Interagency Appraisal and Evaluation Guidelines (Guidelines) to provide further clarification of the Agencies’ appraisal regulations.
NCUA Extends Comment Period on Corporate Rule Amendments ​11/30/2010
The National Credit Union Administration (NCUA) Board today, by notation vote, extended the comment period to January 28, 2011, on the proposed corporate rule amendments issued at the November 18th NCUA Board meeting.
Latest NCUA Guaranteed Note ​11/30/2010
The National Credit Union Administration today released information on its two November offers of NCUA Guaranteed Notes. The two November transactions bring the total number of offerings to three completed since October.
NCUA December Closed Board Meeting ​11/30/2010 The December closed meeting of the National Credit Union Administration (NCUA) Board has been rescheduled from December 16 to December 17 at 9 a.m.
Credit Union Earnings Grow, Chargeoffs Slow ​11/29/2010
Credit union earnings increased and shares and loans continued to grow at a slow, steady pace while the difficult economy presented challenges for credit unions and their members.
Fryzel Visits FinAns Federal Credit Union ​11/23/2010
NCUA Board Member, Michael E. Fryzel recently visited FinAns Federal Credit Union in Hammond, Indiana. During his visit, Mr. Fryzel was able to tour the credit union and meet with CEO Aileen Irizarry.
Constitution Corporate CUSO Purchased by Corporate America ​11/22/2010
The National Credit Union Administration today announced the acceptance of a purchase and assumption proposal submitted by Corporate America Credit Union of Birmingham, Alabama, for Smart Source Solutions
NCUA Transferring Shares and Assets of Constitution Corporate FCU to Members United Bridge Corporate FCU ​11/22/2010
The National Credit Union Administration today provided additional details regarding the November 30th liquidation of Constitution Corporate Federal Credit Union, of South Wallingford, Connecticut.
NCUA Issues Prohibition Orders ​11/22/2010
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 Budget in Brief ​11/19/2010
The 2011 Budget of $225.4 million and 1,209 full-time equivalents (FTE) is an increase of $24.5 million, or 12 percent over the prior year.
NCUA Liquidates Constitution Corporate Federal Credit Union ​11/19/2010
NCUA has announced that on November 30,2010, Constitution Corporate Federal Credit Union (Constitution) will be liquidated.
James to Lead Newly Created Office of Minority and Women Inclusion ​11/18/2010
NCUA Chairman Debbie Matz announced today that Tawana Y. James has been selected to head th e agency’s new Office of Minority and Women Inclusion (OMWI) to be established effective January 21, 2011.
NCUA Initiates Pilot Loss Share Program ​11/17/2010
The National Credit Union Administration Board today authorized the creation of a Loss Share Pilot Program as a potential option for resolving large, complex problem credit unions at the lowest cost to the National Credit Union Share Insurance Fund.
NCUA Revises November Closed Board Meeting Agenda ​11/16/2010
The agenda has been revised for the closed meeting of the National Credit Union Administration (NCUA) Board scheduled on Wednesday, November 17th at 10:00 a.m.
FDIC AND NCUA CHAIRS JOIN EDUCATION SECRETARY TO ANNOUNCE PARTNERSHIP TO PROMOTE FINANCIAL EDUCATION AND SAVINGS PROGRAMS ​11/15/2010
U.S. Secretary of Education Arne Duncan, Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair, and National Credit Union Administration (NCUA) Chairman Debbie Matz joined together today in signing a new agreement.
520 square-foot ad featuring Suze Orman Now Posted for the Holiday Season ​11/15/2010
The “NCUA-safe” public education campaign took a giant step forward today with the unveiling of a 26-foot tall commercial message board in Times Square, New York, touting the safety of federal deposit insurance for credit unions.
NCUA Charters Final Two “Bridge” Corporate FCUs ​11/12/2010
The National Credit Union Administration today announced the creation of two new bridge corporate credit unions assuming the
operations of Members United Corporate of Warrenville, Ill., and Southwest Corporate of Plano, Texas.
U.S. Department of Education, FDIC and NCUA Announce Partnership to Increase Youth Financial Literacy and School Savings Programs ​11/10/2010
U.S. Secretary of Education Arne Duncan, Federal Deposit Insurance Corporation (FDIC) Chairwoman Sheila C. Bair and National Credit Union Administration (NCUA) Chairwoman Debbie Matz will visit T.C. Williams High School Main Campus in Alexandria, Va.
Agenda Released for Indirect Lending Webinar ​11/1/2010
NCUABoard Member Gigi Hyland will host a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.”
The Union Credit Union Closes; Member Service Continues Uninterrupted 10/29/2010
The National Credit Union Administration (NCUA) today was appointed liquidating agent of The Union Credit Union (TUCU) of Spokane, Washington, by the Washington Department of Financial Institutions (DFI) after DFI closed TUCU.
Members Advantage Credit Union Welcomes Board Member Fryzel 10/28/2010
NCUA Board Member, Michael E. Fryzel recently visited Members Advantage Credit Union in Michigan City, Indiana. While there, he had the opportunity to meet the credit union’s CEO, Frank Beachnau, members of the Board and credit union staff.
NCUA Deposit Insurance Website Tool is Available ​10/28/2010
In an effort to spread the word about the National Credit Union Administration (NCUA) federal share insurance public awareness
campaign, NCUA is encouraging credit unions and other interested parties to install the “Keep Your Money NCUA-safe” campaign “widget” on credit union and related websites.
NCUA Completes First Structured Notes Transaction ​10/28/2010
The National Credit Union Administration today announced settlement on its initial offering of NCUA Guaranteed Notes (NGN 2010-R1), backed by an unconditional NCUA guaranty for timely payment of principal and interest.
Hyland Outlines Corporate Credit Union Resolution, Looks to Future ​10/25/2010
National Credit Union Administration (NCUA) Board Member Gigi Hyland today told the American Institute of Certified Public Accountants “Conference on Credit Unions” that NCUA is working to assist the credit union industry in weathering
NCUA Revises November Board Meeting Dates and Times 10/25/2010
The closed meeting of the National Credit Union Administration (NCUA) Board has been rescheduled to Wednesday, November 17th at 10:00 A.M. The NCUA Board open meeting is still scheduled for November 18th but the time has been moved to 9:00 A.M.
Hyland to Host Indirect Lending Webinar ​10/22/2010
National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.”
Phil-Pet Federal Credit Union Closes ​10/21/2010
The National Credit Union Administration (NCUA) placed Phil-Pet Federal Credit Union, located in Pampa, Texas, into liquidation on October 18, 2010.
NCUA Issues 2011 Board Meeting Schedule ​10/20/2010
The National Credit Union Administration today released the monthly Board meeting schedule for 2011. The NCUA Board generally meets during the third or fourth week of each month, except August, when no meeting is scheduled.
NCUA Revises October Board Meeting Agenda ​10/19/2010
The National Credit Union Administration (NCUA) Board meeting agenda is being revised to add an additional item to the open session: Briefing – NCUSIF Public Education Campaign.
NCUA Revises October Board Meeting Agenda ​10/18/2010
The National Credit Union Administration (NCUA) Board meeting agenda has been modified. One item has been added to the open session – Interim Final Rule, Part 702, Prompt Corrective Action, revising the low risk asset definition.
Hendricks Joins NCUA as Director of Equal Opportunity ​10/15/2010
National Credit Union Administration Executive Director David M. Marquis announced this week that S. Denise Hendricks has been appointed director of the agency’s Equal Opportunity Programs (EOP).
NCUA Guaranteed Notes Assigned 0 Percent Risk Weight ​10/14/2010
The National Credit Union Administration (NCUA) Guaranteed Notes (NGNs), backed by an unconditional NCUA guaranty for timely payment of principal and interest, will carry a 0 percent risk weight in accordance with clarification NCUA gained coordinating
NCUA Repays $10 Billion in Corporate Loans 10/13/2010
Using proceeds from selling performing assets of two formerly conserved corporate credit unions, the National Credit Union
Administration yesterday repaid $10 billion plus interest to the U.S. Department of Treasury.
NCUA Combines LA and Phoenix Town Hall Meetings ​10/12/2010
The National Credit Union Administration is combining the Phoenix and Los Angeles Town Hall Meetings into the single location of Los Angeles, Calif., on October 29 to consolidate efforts and minimize expenditures and resources.
NCUA Regional Town Hall Meetings Continue Dialogue with Industry ​10/7/2010
The series of NCUA Regional Town Hall meetings aimed at discussing new corporate rules and corporate legacy asset resolution, continues next week with sessions in Atlanta, Detroit, and Columbus, Ohio.
NCUA Charters “Bridge” Corporate Credit Unions ​10/5/2010
The NCUA today announced the creation of two bridge corporate credit unions to assume operations of U.S. Central Corporate Federal Credit Union (US Central) and Western Corporate Federal Credit Union (WesCorp).
Matz Starts Nationwide Radio Tour ​10/5/2010
NCUA Chairman Debbie Matz today took to the airwaves to promote NCUA's new public service campaign aimed at raising public awareness of credit union federal deposit insurance.
Fryzel Emphasizes Three Key Stages of the Corporate Resolution Plan ​10/4/2010
National Credit Union Administration (NCUA) Board Member Michael E. Fryzel in an address to the New Jersey Credit Union League, emphasized the three key stages of the NCUA’s Corporate Resolution Plan.
NCUA Launches Campaign to Educate Consumers on Share Insurance and Coverage Limits ​10/4/2010
The National Credit Union Administration (NCUA) today announced the launch of a new national campaign designed to educate consumers about the benefits and purpose of the National Credit Union Share Insurance Fund (NCUSIF).
Matz Remarks at the Financial Stability Oversight Council Meeting ​10/1/2010
Below is the text of remarks delivered today by NCUA Chairman Debbie Matz at the inaugural meeting of the Financial Stability Oversight Council.
NCUA Issues Prohibition Orders ​9/29/2010
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Fourth Corporate DVD Track Details Legacy Asset Resolution ​9/28/2010
The National Credit Union Administration (NCUA) today issued its fourth and final corporate presentation explaining the plan developed to resolve the legacy assets held by some of the nation’s largest corporate credit unions.
NCUA Appoints Experienced Executives to Oversee Conserved Corporates September ​9/28/2010
The National Credit Union Administration has selected experienced experts to oversee the operations of the corporate credit unions placed into conservatorship last week
NCUA Regional Town Hall Meetings to Discuss New Corporate Rules, Asset Plans ​9/27/2010
The National Credit Union Administration is announcing a series of 11 Town Hall meetings across the country in October in an effort to reach as many stakeholders as possible to explain the comprehensive new rules.
NCUA Adopts Reforms for Corporate Credit Union System, Protects Consumers ​9/24/2010
The National Credit Union Administration today assumed control of three undercapitalized corporate credit unions, announced a plan to isolate the impaired assets in the corporate credit union system, and finalized a set of stronger regulations
Fryzel Emphasizes Need for Strengthened Confidence and Continued Involvement in the Government Process ​9/22/2010
National Credit Union Administration Board Member Michael E. Fryzel called on credit unions to work to strengthen confidence in themselves and their abilities to enhance the credit union system
Virtual Town Hall Set for September 27, 2010 ​9/21/2010
National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Monday, September 27 from 3 to 5 p.m. (EST) featuring detailed discussion of NCUA’s initiatives to strengthen the corporate credit union system.
2010 Premium and Assessment Discussed by Board Member Hyland at NAFCU Congressional Caucus ​9/20/2010
Board Member Gigi Hyland spoke today before the NAFCU Congressional Caucus in Washington, DC. Her remarks focused on the 2010 Share Insurance Fund premium and Corporate Stabilization Fund assessment recently levied on federally insured credit unions.
Federal Financial Institution Regulators Announce Availability of 2009 Data on Mortgage Lending ​9/20/2010
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 8,124 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).
NCUA Schedules Special Board Meetings ​9/17/2010
The National Credit Union Administration (NCUA) Board today scheduled special open and closed Board meetings for Friday, September 24. The closed meeting is scheduled at 10 a.m. and the open meeting is scheduled at 2:30 p.m.
NCUA Board Makes $250 K Insurance Permanent ​9/17/2010
The National Credit Union Administration Board voted to amend NCUA regulations to make permanent the $250,000 per account
National Credit Union Share Insurance Fund (NCUSIF) coverage limit.
NCUA Board Approves Payday Loan Alternative ​9/16/2010
Providing consumers with an alternative to borrowing from potentially predatory payday lenders, the National Credit Union Administration today adopted a new rule – with a strong set of consumer safeguards
Board Member Hyland Addresses Mid-Size Ohio Credit Union CEO Roundtable ​9/14/2010
National Credit Union Administration Board Member Gigi Hyland, speaking today at Miami University, Oxford, Ohio, encouraged mid-size credit union CEOs to continue their due diligence efforts and actively monitor their loan portfolios.
Industries Puerto Rico Federal Credit Union Members Now Served by Borinquen Community Federal Credit Union ​9/13/2010
The National Credit Union Administration (NCUA) today liquidated Industries Puerto Rico Federal Credit Union of Manati, Puerto Rico, and accepted Borinquen Community Federal Credit Union’s offer to purchase and assume the credit union.
First American Credit Union Closes; Members Now Served by First Community Federal Credit Union ​9/1/2010
The National Credit Union Administration (NCUA) was appointed liquidating agent of First American Credit Union of Beloit, Wisconsin, by the Wisconsin Office of Credit Unions on August 31, 2010.
NCUA Attachment Wescorp Complaint 8/31/2010
Plaintiff, the National Credit Union Administration Board as Conservator of Western Corporate Federal Credit Union (the “Conservator”) alleges:
NCUA Files Amended Complaint for Losses at Wescorp 8/31/2010
The National Credit Union Administration (“NCUA”) Board, in its role as Conservator of Western Corporate Federal Credit Union (“WesCorp”), today filed an amended complaint with the U.S.
Temporary Corporate Credit Union Share Guarantee Program Extended ​8/31/2010
The National Credit Union Administration has extended the expiration date of NCUA’s Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) from September 30, 2012, to December 31, 2012.
Net Worth Holds Steady; Delinquencies/Charge-offs Slow; Bankruptcies Increase ​8/30/2010
Credit unions continue to welcome new members, while helping many existing members overcome financial stress, according to second-quarter Call Reports from America‟s 7,445 federally insured credit unions.
NCUA Schedules Closed Board Meeting ​8/27/2010
The National Credit Union Administration (NCUA) Board today scheduled a closed Board meeting for Friday, September 3
at 11:30 a.m.
NCUA Charters Shepherd’s FCU in Charlotte, North Carolina ​8/26/2010 The National Credit Union Administration (NCUA) today approved the charter for Shepherd’s Federal Credit Union, located in Charlotte, N.C.
Board Member Fryzel Addresses Defense Credit Union Council at Annual Conference ​8/24/2010
National Credit Union Administration Board Member Michael E. Fryzel addressed an audience of nearly 200 at the Defense Credit Union Council’s 47th Annual Conference and Showcase today in Minneapolis, Minn.
Board Member Fryzel Meets with Uzbekistan Delegates ​8/20/2010
National Credit Union Administration Board Member Michael E. Fryzel met today with delegates from Uzbekistan at the Illinois Credit Union League’s office in Naperville, IL.
Matz Schedules Oregon Town Hall Meeting ​8/18/2010
NCUA Chairman Debbie Matz will host a Town Hall in Portland, Oregon, October 5, 2010, in an effort to foster two-way communication and discuss developments affecting both natural person and corporate credit unions.
Financial Regulators Adopt Guidance on Reverse Mortgage Products ​8/16/2010
The Federal Financial Institutions Examination Council (FFIEC) released guidance today on reverse mortgage products.
Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks ​8/16/2010
The OCC, FRB, FDIC, OTS, and NCUA (the Agencies) are issuing this final guidance entitled, ―Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks‖ (guidance).
Enhancing Transparency, NCUA Posts Initial Board Meeting Video ​8/12/2010
The National Credit Union Administration (NCUA) today posted an online video of the open NCUA Board meeting conducted on July 29, 2010.
CPM Federal Credit Union Now Serves Members of Liquidated Port Trust FCU ​8/8/2010
NCUA announces that CPM Federal Credit Union of North Charleston, South Carolina, today agreed to purchase and assume the member accounts of recentlyliquidated Port Trust Federal Credit Union of Charleston
Ulan Named Associate General Counsel, Director of Operations ​8/6/2010
The National Credit Union Administration (NCUA) has named Hattie M. Ulan Associate General Counsel, Director of Operations within the Office of General Counsel (OGC). She succeeds Sheila Albin, who is retiring at year-end.
Hyland Underscores Ongoing Challenges for Directors ​8/5/2010
Speaking yesterday before 1,100 attendees at the 33rd Annual National Directors’ Convention, National Credit Union Administration Board Member Gigi Hyland highlighted the critical role of credit union directors.
Fryzel Visits Allegius Federal Credit Union ​8/4/2010
NCUA Board Member Michael E. Fryzel recently met with Allegius Federal Credit Union CEO Russell Dahl, Board Chairman Bruce Aubrey, other Board Members and key staff, and Indian Credit Union League President John McKenzie in Burns Harbor, IN.
NCUA Issues Letter of Understanding and Agreement ​8/4/2010
The National Credit Union Administration (NCUA) has published a Letter of Understanding and Agreement (LUA) entered into with the officials of Veritas Federal Credit Union, Franklin, Tennessee.
Kappa Alpha Psi Federal Credit Union Closes ​8/3/2010
The National Credit Union Administration (NCUA) today placed Kappa Alpha Psi Federal Credit Union, located in Addison, Texas, into liquidation.
NCUA Posts Overdraft Fee Notice for Credit Unions to Inform Members ​8/3/2010
The National Credit Union Administration has posted the Federal Reserve Board‟s sample notice – What You Need to Know about Overdrafts and Overdraft Fees
Certified Federal Credit Union Closes; ​8/2/2010
The National Credit Union Administration (NCUA) liquidated Certified Federal Credit Union (Certified) of Commerce, California, July 31, 2010.
NCUA Announces $2 Million in Budget Cuts 7/30/2010
After a mid-year review found that operations of the National Credit Union Administration have been running 8 percent below their original budget during the first half of 2010.
NCUA Schedules Special Board Meeting 7/30/2010
The National Credit Union Administration (NCUA) Board has scheduled a closed Board meeting for Tuesday, August 3, 2010 at 8:30 a.m
Family First Federal Credit Union Placed Into Conservatorship ​7/30/2010
The National Credit Union Administration (NCUA) today assumed control of operations at Family First Federal Credit Union of Orem, Utah.
Matz Joins Geithner, Other Regulators, to Lay Consumer Bureau Groundwork ​7/29/2010
NCUA Chairman Debbie Matz today joined Treasury Secretary Timothy Geithner and other federal financial regulators for the initial meeting of an inter-agency working group designed to transfer personnel.
Norbel Credit Union Members Now Served by Security Service Federal Credit Union ​7/29/2010
The National Credit Union Administration (NCUA) today was appointed liquidating agent of Norbel Credit Union of Fort Collins,
Colorado, by the Colorado Division of Financial Services (DFS).
Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements for Registration of Mortgage Loan Originators ​7/28/2010
Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions
Third NCUA Corporate DVD Now Available Online ​7/28/2010
The National Credit Union Administration (NCUA) today posted online the third installment of explanatory tracks to help credit unions better understand the history and prevailing situation involving the nation’s corporate credit union system.
Worth Joins NCUA as Chief Economist ​7/27/2010
The National Credit Union Administration has selected John D. Worth as Director, Office of the Chief Economist effective July 26, 2010.
Board Member Hyland Challenges NAFCU Attendees ​7/26/2010
National Credit Union Administration Board Member Gigi Hyland challenged credit unions to take advantage of the many opportunities before them in facing the current economic crisis on July 23, 2010.
Corporate Stabilization Fund Receives Unqualified Audit Opinion for 2009 ​7/26/2010
The National Credit Union Administration today released the 2009 financial report for the Temporary Corporate Credit Union
Stabilization Fund (TCCUSF).
Fryzel Invokes “We Will Spirit” at NAFCU Conference ​7/23/2010
NCUA Board Member Michael E. Fryzel, called upon the 1,800 delegates at the 43rd Annual Conference and Exhibition of the National Association of Federal Credit Unions, in Chicago Illinois.
Fryzel Tours Navy FCU Facilities with Admiral Dawson ​7/22/2010
National Credit Union Administration Board Member Michael E. Fryzel recently spent a day touring the branch facilities and surrounding Naval base of Navy Federal Credit Union located in Great Lakes Illinois.
Matz to NAFCU: Managing Risks, Preventing Losses Will Reduce CU Insurance Fees ​7/22/2010
Urging the nation’s credit unions to manage risks wisely, National Credit Union Administration Chairman Debbie Matz today reminded an industry trade association that credit union losses will be the key factor in determining the fees.
Arrowhead Second Quarter Financial Results Posted; Misstatements Corrected ​7/22/2010
The National Credit Union Administration, in its role as conservator, today released Arrowhead Central Credit Union's (Arrowhead Central) second quarter Call Report, the detailed financial statement issued by every federally insured credit union.
$250,000 NCUA Share Insurance Protection Now Permanent ​7/22/2010
President Barack Obama yesterday signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Matz Attends Presidential Bill Signing 7/21/2010
The National Credit Union Administration, in its role as conservator, today released Arrowhead Central Credit Union's (Arrowhead Central) second quarter Call Report, the detailed financial statement issued by every federally insured credit union.
NCUA Issues Prohibition Orders ​7/19/2010
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Matz Calls for Increased Diligence on Energy Loan Programs ​7/15/2010
NCUA Chairman Debbie Matz today issued the following statement in an effort to protect the safety and soundness of credit unions and consumers
Regulators Issue Statement to Assist Financial Institutions and Customers Affected by the Deepwater Horizon Oil Spill ​7/14/2010
The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today to assist financial institutions and their customers affected
NCUA Terminates 4 Former Arrowhead Credit Union Execs ​7/14/2010
The National Credit Union Administration (NCUA) yesterday terminated the four former Arrowhead Central Credit Union employees who were placed on temporary administrative leave when NCUA assumed control of the credit union on June 25.
NCUA Schedules Special Board Meeting ​7/14/2010
The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for July 21 at 9:00 a.m.
Matz Encourages Congressional Action on Small Business Lending ​7/13/2010
I applaud Fed Chairman Bernanke's call for increased lending to small businesses. Small business has been, and will continue to be, a source of much of the employment growth and vitality in our economy.
NCUA Schedules Special Board Meeting ​7/7/2010
The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for Friday, July 30, 2010, at 10 a.m.
NCUA Files Notice of Claim for Losses at U.S. Central FCU ​7/1/2010
The National Credit Union Administration (NCUA), in its role as Conservator of US Central Federal Credit Union, yesterday filed a “notice of claim” with Travelers Casualty & Surety Co.
Southwest Community Federal Credit Union Placed into Liquidation; Chartway Federal Credit Union Purchases and ​7/1/2010
The National Credit Union Administration (NCUA) liquidated Southwest Community Federal Credit Union of Saint George, Utah on June 30, 2010.
First Delta Federal Credit Union Merges; Members Now Served by Shreveport Federal Credit Union ​7/1/2010
On June 30th, the National Credit Union Administration (NCUA) merged First Delta Federal Credit Union of Marks, Mississippi, with Shreveport Federal Credit Union of Shreveport, Louisiana.
NCUA Encourages Credit Unions Readiness for Hurricane Alex ​6/30/2010
In anticipation of the potential impact of Hurricane Alex as it strengthens and makes its way toward the Gulf Coast, the NCUA is advising credit unions and credit union members possible interruption of some credit union operations.
Monday Webinar Now Online ​6/30/2010
National Credit Union Administration (NCUA) announces the "virtual" Town Hall session held on June 28, 2010, is available on the NCUA website.
NCUA On Track with CDCI Processing ​6/29/2010
The National Credit Union Administration today announced that two-thirds of the 111 applications it received to the Community Development Capital Initiative (CDCI) have been reviewed, being forwarded to the US Department of the Treasury (Treasury).
Second NCUA Corporate DVD Now Posted Online ​6/28/2010
The National Credit Union Administration (NCUA) today posted online the second of three explanatory tracks to help credit unions better understand the history and prevailing situation involving the nation’s corporate credit union system.
NCUA Schedules Special Board Meeting ​6/25/2010
The National Credit Union Administration (NCUA) Board has scheduled a closed Board meeting for Wednesday, June 30, 2010 at 11:00 a.m.
Arrowhead Central Credit Union Placed Into Conservatorship ​6/25/2010
The National Credit Union Administration (NCUA) today placed Arrowhead Central Credit Union of San Bernardino, California, into conservatorship.
NCUA Schedules Special Board Meeting ​6/18/2010
The National Credit Union Administration (NCUA) Board has scheduled a closed Board meeting for Thursday, June 24, 2010 at 9:30 a.m.
Matz Statement on Stabilization Fund Assessment ​6/17/2010
National Credit Union Administration Chairman Debbie Matz made the following statement at today’s NCUA Board Meeting regarding the Board’s decision to assess federally insured credit unions a 13.4 basis point.
NCUA Revises June Board Meeting Agenda ​6/15/2010
The National Credit Union Administration (NCUA) Board meeting agenda issued for Thursday, June 17th has been modified.
Fryzel Discusses Assessments in Remarks to Ukrainian ​6/14/2010
National Credit Union Administration Board Member Michael E. Fryzel, discussed the issue of assessments at the Ukrainian Credit Union Associations Annual Meeting held recently in Yonkers, NY.
NCUA Financial Reports Receive Unqualified Audit Opinions for 2008, 2009 ​6/14/2010
The National Credit Union Administration today released financial reports for 2008 and 2009, including audited statements of the National Credit Union Share Insurance Fund (NCUSIF).
Hyland Highlights Supervisory Committee Role, Calls for Continued Vigilance ​6/11/2010
National Credit Union Administration Board Member Gigi Hyland yesterday emphasized the critical part that credit union supervisory/audit committees in overseeing the safe and sound operation of credit unions.
Matz Announces New NCUA Grants to Serve Low-Income Credit Union Members ​6/11/2010
To help credit unions that serve low-income members increase outreach to their local communities, the National Credit Union
Administration is expanding its range of grants, NCUA Chairman Debbie Matz announced today.
NCUA Issues Letter of Understanding and Agreement ​6/11/2010
The National Credit Union Administration (NCUA) has published a Letter of Understanding and Agreement (LUA) entered into with the officials of Sperry Associates Federal Credit Union, Garden City Park, New York.
NCUA Approves Royal Credit Union Purchase of Assets and Deposits from Anchor Bank ​6/11/2010
The National Credit Union Administration (NCUA) announces today that it has approved the Purchase and Assumption of certain assets, including eleven branch offices in Wisconsin, and deposits by Royal Credit Union from Anchor Bank.
Hyland Encourages Outreach by Latino Credit Unions, Flexibility by NCUA ​6/9/2010
NCUA Board Member Gigi Hyland today told the National Federation of Community Development Credit Union’s Latino Credit Union Conference that the Latino community “needs credit unions that understand and serve their unique needs.
NCUA Video Explains Corporate Crisis in Plain English ​​6/9/2010
The National Credit Union Administration (NCUA) today posted online the first of three explanatory tracks to help credit unions better understand the history and prevailing situation involving the nation’s corporate credit union system.
Yolles Named Region III Director ​​6/9/2010
The National Credit Union Administration (NCUA) announces today that Herb Yolles has been selected to serve as temporary regional director of Region III through the remainder of 2010.
Orange County Employees Credit Union Closes; Members Now Served by Sabine Federal Credit Union ​​6/9/2010
The National Credit Union Administration (NCUA) was today appointed liquidating agent of Orange County Employees Credit Union (Orange County Employees) of Orange, Texas, by the Texas Credit Union Department today.
Virtual Town Hall Set for June 28 ​​6/7/2010​
National Credit Union Administration Chairman Debbie Matz will host another in her series of Town Hall Webinars on Monday, June 28, 2010, from 3 to 4:30 p.m. EDST. The free session is open to all.
NCUA Issues Prohibition Orders ​​6/7/2010
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 ​​6/7/2010
The National Credit Union Administration (NCUA) announces today that Woodco Federal Credit Union in Millbury, Ohio, sustained major damage
Few Positive Signs in First-Quarter Data ​​6/2/2010​
As America’s credit unions continue to welcome new members and new deposits, their balance sheets are challenged by a declining demand for loans across the board.
Temporary Corporate Credit Union Share Guarantee Program Extended ​​6/2/2010
The National Credit Union Administration has extended the expiration date of NCUA’s Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) from June 30, 2012, to September 30, 2012.
Small Business Job Creation Boosted By Credit Union Lending, Says Matz ​5/28/2010
Small business is a vital contributor to job creation in the American economy, said National Credit Union Administration Chairman Debbie Matz today, as she marked the close of National Small Business Week.
NCUA Chairman Matz Comments on FTC Non-Federal Insurance Rule ​5/26/2010
National Credit Union Administration Chairman Debbie Matz issued the following statement regarding Federal Trade Commission approval of a rule mandating disclosures of insurance
Fraud Email Phishing Activity Reported ​5/25/2010
The National Credit Union Administration (NCUA) is reporting recently simulated NCUA email boxes.
Hyland Provides Perspectives on Regulatory, Tech Issues to Podcast Audience ​5/25/2010
National Credit Union Administration (NCUA) Board Member Gigi Hyland participated in a podcast Monday on current issues facing the credit union system.
NCUA Charters Chippewa Eagle FCU in Mount Pleasant, Michigan ​5/25/2010
The National Credit Union Administration (NCUA) Board today approved the charter for a new federal credit union. Chippewa Eagle Federal Credit Union, located in Mount Pleasant, Michigan, was chartered to serve the approximately 7,800 people.
Fryzel Highlights Michigan’s Commitment to Credit Unions and Their Members ​5/24/2010
National Credit Union Administration Board Member Michael E. Fryzel, addressing a group of over 500, praised the Michigan Credit Union League for its commitment to credit unions and their members in Detroit.
Corporate Stabilization Fund Assessment Analysis ​5/20/2010 There are 2 primary considerations that affect the timing and amount of Stabilization Fund assessments. The first is the total expected losses and the time remaining on the life of the Temporary Corporate Credit Union Stabilization Fund.
Matz Marks Anniversary of Stabilization Fund, Looks to Future ​5/20/2010
National Credit Union Administration Chairman Debbie Matz today marked the first anniversary of the creation of the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) by noting its success in helping credit unions manage the costs.
National Credit Union Share Insurance Fund Assessment Analysis ​5/20/2010
The establishment of a premium assessment is 4 distinct processes: first an estimate of the fund’s equity level at a given point in time, second an estimate of how the equity level will trend over the next 6 to 12 months.
Convent Federal Credit Union Closes ​5/17/2010
The National Credit Union Administration (NCUA) today placed Convent Federal Credit Union, located in New York, N.Y., into liquidation.
Phillips Joins NCUA as Human Resources Director ​5/17/2010
The National Credit Union Administration has selected Lorraine Phillips as Director, Office of Human Resources effective May 17, 2010.
NCUA Revises May Board Meeting Agenda ​5/17/2010
The National Credit Union Administration (NCUA) Board meeting agenda issued for Thursday, May 20th has been modified. One item has been deleted from the closed session -- Member Business Loan Waiver Appeal.
Matz Urges Changes to Senate Regulatory Reform Bill ​5/14/2010
As the Senate moves closer to final votes on regulatory restructuring legislation in the coming days, NCUA Chairman Debbie Matz has written Senators in support of two key changes in the pending measure.
NCUA to Consider Splitting Fees for Share Insurance Fund & Corporate Stabilization Fund ​5/13/2010 To provide greater transparency among the two separate funds managed by the National Credit Union Administration, Chairman Debbie Matz said the NCUA Board in June will consider separating both the assessments and the timing of credit union payments.
Virtual Town Hall Set for June 28 ​5/13/2010
National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Monday, June 28 from 3-4:30 p.m.
(EDT). Chairman Matz will discuss current issues, and answer questions from participants.
Over $12M Available for VITA and Elderly Tax Counseling Grants ​5/12/2010
The Internal Revenue Service (IRS) recently announced it will award nearly $12 million in Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) grants. The VITA and TCE application deadline is July 9, 2010.
NCUA Activates Assistance in Response to Tennessee Disaster ​5/11/2010
The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe storms and flooding in Tennessee.
Letter to BenCardin ​​5/10/2010
Thankyou for your leadership in offering an amendment to S.3217, the Restoring American Financial Stability Act of 2010, to make permanent the temporary increase in share insurance coverage to $250,000.
NCUA Issues Prohibition Orders ​5/7/2010
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 Discusses Important Issues with Credit Union CEOs at NY Roundtable ​5/6/2010
National Credit Union Administration Board Member Michael E. Fryzel discussed credit union issues he believes require the attention and involvement of all credit unions during the New York State Large Credit Union CEO Roundtable in West Point, N.Y.
Letter to Susan Collins ​5/5/2010
Thank you for your leadership indrafting an amendment to S.3217, the Restoring American Financial Stability Act of 2010, to add the Chairman of the National Credit Union Adminstration(NCUA) as a voting member of the Financial Stability Oversight Council.
Speakers Named for NCUA / CUNA Tech Council Webinar ​5/3/2010
Five credit union technology experts will join National Credit Union Administration Chairman Debbie Matz on May 5 for the NCUA / CUNA Technology Council webinar to help credit unions improve online services.
St. Paul's Croatian Federal Credit Union Closes ​5/1/2010
The National Credit Union Administration (NCUA) last night liquidated St. Paul's Croatian Federal Credit Union of Eastlake, Ohio. The credit union had been placed into conservatorship by NCUA on April 23, 2010.
Matz Ensures Transparency of NCUA Financials ​4/30/2010
The National Credit Union Administration is engaged with two audit firms to ensure transparency of the agency’s soon-to-be-released financial statements in full compliance with new accounting rules, Chairman Debbie Matz announced today.
Swann Reassigned to Office of Executive Director; Yolles Named Acting RD, Region III ​4/30/2010
The National Credit Union Administration (NCUA) today announced the reassignment of Region III Director Alonzo Swann to the Office of the Executive Director.
NCUA Issues Letter of Understanding and Agreement ​4/30/2010
The National Credit Union Administration (NCUA) and the Commonwealth of Massachusetts Division of Banks have jointly issued a Letter of Understanding and Agreement to the officials of Tremont Credit Union, Braintree, Massachusetts.
Matz Touts Financial Literacy, Credit Union Involvement ​4/28/2010
NCUA Chairman Debbie Matz today visited a student-run credit union branch at T.C. Williams High School in Alexandria, Va.,
culminating a month-long recognition of Financial Literacy Month and the important role CU play in enhancing financial education.
Financial Literacy and Education Commission Launches New my Money Web Site ​4/27/2010
Today the Financial Literacy and Education Commission (FLEC) announced the launch of its redesigned financial literacy education website, www.MyMoney.gov.
NCUA Promotes Credit Union Efforts During Congressional Financial Literacy Day ​4/27/2010
The National Credit Union Administration today highlighted NCUA and credit union industry efforts to enhance financial education during the annual Congressional Financial Literacy Day on Capitol Hill.
NCUA Revises April Board Meeting Agenda ​4/27/2010
The National Credit Union Administration (NCUA) April Board meeting agenda has been modified. Two items have been added to the closed session -- an additional supervisory activity and an additional personnel matter.
Tracy Federal Credit Union Members Now Served by Valley First Credit Union ​4/27/2010
The National Credit Union Administration (NCUA) today liquidated Tracy Federal Credit Union (Tracy FCU) of Tracy, California, and accepted Modesto, California, based Valley First Credit Union’s offer to purchase and assume the credit union.
St. Paul Croatian Federal Credit Union Placed In Conservatorship ​4/23/2010
The National Credit Union Administration (NCUA) today assumed control of the operations of St. Paul Croatian Federal Credit Union, a federally chartered and federally insured credit union headquartered in Eastlake, Ohio.
NCUA Schedules Closed Board Meeting ​4/22/2010
The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for April 23, 2010, at 10 a.m.
Staff Enthusiasm Boosts NCUA Effort To Strengthen Environmental Practices ​4/22/2010
A far-reaching new Green Initiative, dubbed "greeNCUA," has helped reduce the environmental impact of everyday operations and has helped inspire employees to focus on improving environmental protection
NCUA Issues Letter of Understanding and Agreement ​4/20/2010
Today the National Credit Union Administration (NCUA) has published a Letter of Understanding and Agreement (LUA) previously entered into with the officials of Kappa Alpha Psi Federal Credit Union, Dallas, Texas.
Federal Regulators Release Model Consumer Privacy Notice Online Form Builder ​4/15/2010
Eight federal regulators released an Online Form Builder today that financial institutions can download and use to develop and print customized versions of a model consumer privacy notice.
Board Member Hyland Announces Release of Supplemental Capital White Paper ​4/12/2010 National Credit Union Administration (NCUA) Board Member Gigi Hyland announced today the release of a White Paper on supplemental capital.
Fryzel Extends Condolences on Polish Tragedy ​4/11/2010
National Credit Union Administration Board Member Michael E. Fryzel, the first Polish American appointed to NCUA board and to serve as its Chairman, extended his condolences to the people of Poland.
Matz Provides Insights into Future of Corporate Credit Unions ​4/9/2010
Responding to questions after speaking to 800 officials at the Texas Credit Union League Annual Meeting in Grapevine, Texas, NCUA Chairman Debbie Matz provided further insights into the future of the corporate credit union system.
South End Mutual Benefit Association, Inc. Closes ​4/8/2010
The National Credit Union Administration (NCUA) today accepted appointment as receiver/liquidator of South End Mutual Benefit Association, Inc., a state chartered credit union in Bloomfield, Connecticut.
NCUA / CUNA Tech Council Webinar Will Help Credit Unions Improve Online Services ​4/7/2010
The National Credit Union Administration and the CUNA Technology Council will co-host a webinar on May 5 to help credit unions improve online services by featuring best practices in member technology solutions.
NCUA Activates Disaster Assistance in Response to Storms and Flooding ​4/2/2010
The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe storms and flooding in the nation’s northeast.
Fryzel Commends Credit Union Activism at Illinois Legislative Conference ​3/30/2010
National Credit Union Administration Board Member Michael E. Fryzel addressed over 140 attendees at the recent Illinois Credit
Union League’s Legislative Conference held in Springfield, Illinois.
New NCUA Website Features Quick Access, Improved Navigation ​3/29/2010
The new National Credit Union Administration website at www.ncua.gov showcases an updated look and feel to encourage consumers, credit unions and other interested parties to visit the site and become familiar with its improved layout and design.
Treasury Extends Capital Program Application Deadline ​3/29/2010
The deadline has been extended on the U.S. Treasury Community Development Capital Initiative (CDCI) to invest lower-cost capital in certain financial institutions, including low-income credit unions (LICUs).
Matz Encourages Credit Unions to Explore Enhanced Foreclosure Relief Programs ​3/26/2010
Praising a new Obama Administration initiative to help consumers avoid home foreclosures, National Credit Union Administration Chairman Debbie Matz today encouraged the nation‟s credit unions to redouble efforts
Teachers Credit Union Welcomes Board Member Fryzel ​3/25/2010
National Credit Union Administration Board Member Michael E. Fryzel recently visited Teachers Credit Union in South Bend, Indiana.
Sign Up To Follow NCUA On Twitter ​3/24/2010
The National Credit Union Administration is now on Twitter. Join the conversation on Twitter at www.twitter.com, and you’ll be able to track the latest news and happenings at NCUA.
Matz Shares Progress toward Corporate Resolution Plan ​3/23/2010
National Credit Union Administration Chairman Debbie Matz today said NCUA aims to announce a plan to remove corporate credit unions’ “legacy assets” by the end of June.
Fryzel Commends Mid-Illini Credit Union on 70 Years of Service ​3/22/2010
NCUA Board Member, Michael E. Fryzel recently helped Mid-Illini Credit Union, based in Bloomington Illinois, celebrate its 70th anniversary. Fryzel spoke at the credit union’s annual meeting and open house, attended by over 400 people.
NCUA-IRS Expand VITA Program ​3/22/2010
Credit unions are a reliable source of financial assistance and education for consumers, and VITA is a tangible complement to those efforts,” commented Chairman Matz.
Tracy Federal Credit Union Placed Into Conservatorship ​3/19/2010
The National Credit Union Administration (NCUA) today placed into conservatorship Tracy Federal Credit Union of Tracy, California.
Matz Stresses Consumer Benefits, Strong Oversight in Web Appearance ​3/18/2010
National Credit Union Administration Chairman Debbie Matz yesterday told an internet audience that pending Congressional action to reform the financial institution regulatory landscape will be “very good for credit unions and credit union members.”
NCUA Issues Prohibition Orders ​3/18/2010
The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Christopher Colford Joins NCUA ​3/17/2010
Chairman Debbie Matz this week welcomed Christopher Colford to the National Credit Union Administration (NCUA) to serve as her Senior Advisor for Communications, primarily responsible for the Chairman’s communications strategies and programs.
Federal Banking Agencies Issue Policy Statement on Funding and Liquidity Risk Management ​3/17/2010
The federal banking agencies, in conjunction with the Conference of State Bank Supervisors (CSBS), released a policy statement today on their expectations for sound funding and liquidity risk management practices.
NCUA Charters First Federal Credit Union of 2010 ​​3/16/2010
The National Credit Union Administration (NCUA) Board today approved a charter for Inspire Community Development Federal Credit Union, a lowincome designated community development credit union located in Battle Creek, Michigan.
Matz Highlights National Consumer Protection Week ​​3/8/2010
National Credit Union Administration Chairman Debbie Matz today issued the following statement recognizing National Consumer Protection Week, the week designated to emphasize the importance of thrift and wise use of financial resources.
Audio Conference Details New Capital Funding ​​3/5/2010
National Credit Union Administration (NCUA) Chairman Debbie Matz and National Federation of Community Development Credit Unions (Federation) President/CEO Cliff Rosenthal yesterday provided 122 audio conference
Lawrence County School Employees Federal Credit Union Members Now Served by First Choice Federal Credit Union ​​3/5/2010
The NCUA today liquidated Lawrence County School Employees Federal Credit Union (Lawrence FCU) of New Castle, Pennsylvania, and accepted New Castle, Pennsylvania, based First Choice Federal Credit Union’s offer to purchase and assume the credit union.
Fryzel Visits First Northern Credit Union ​​3/4/2010
NCUA Board Member Michael E. Fryzel recently visited First Northern Credit Union in Chicago, Ill. While there, he met with CEO Ed Berg and Chairman of the Board Jim Poskozim.
Temporary Corporate Credit Union Share Guarantee Program Extended ​​3/4/2010
The National Credit Union Administration has extended the expiration date of NCUA’s Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) from March 31, 2012, to June 30, 2012.
Credit Unions Expand Earnings, Control Delinquencies and Charge-offs ​​3/3/2010
Credit union earnings, shares, assets, and investments grew despite slowing loan demand and the continuing economic challenges, according to fourth-quarter Call Reports submitted by the nation’s 7,339 federally insured credit unions.
NCUA Board Issues Cease and Desist Order ​​3/3/2010
The NCUA Board has issued an Order to Cease and Desist (Order) to the Rapid City Telco Federal Credit Union, Rapid City, South Dakota.
NTEU, NCUA Sign Collaborative Agreement ​​3/2/2010
National Credit Union Administration (NCUA) Chairman Debbie Matz and National Treasury Employees Union (NTEU) President Colleen M. Kelley today signed an agreement creating an NCUA/NTEU Partnership Council.
Credit Union Net Worth Remains Strong; Shares Expand, Lending Slows in 2009 ​​3/1/2010
Credit unions finished 2009 with nearly 10 percent net worth, while loan demand and delinquencies showed weakness in the face of economic stress, according to Call Report data released today by the National Credit Union Administration.
2010 Military Saves Campaign and Military Saves Week ​2/28/2010
The Military Departments are preparing their plans for implementing Military Saves at the installation level, utilizing the on-base financial institutions as partners with the local commands.
Mutual Diversified Employees Federal Credit Union Members Now Served by Schools First Federal Credit Union ​2/26/2010
The National Credit Union Administration (NCUA) today liquidated Mutual Diversified Employees FCU of Santa Ana, California,
and accepted SchoolsFirst Federal Credit Union’s offer to purchase and assume the credit union.
Financial Regulators Release Updated Retail Payment Systems Booklet ​2/25/2010
The Federal Financial Institutions Examination Council (FFIEC) today issued updated guidance for examiners, financial institutions, and technology service providers on the risks associated with retail payment systems.
Friendship Community Federal Credit Union Members Now Served by Shreveport Federal Credit Union ​2/25/2010
The NCUA today liquidated Friendship Community Federal Credit Union of Clarksdale, Mississippi, and accepted Shreveport Federal Credit Union’s offer to purchase and assume the credit union.
Matz to Geithner: NCUA Regulation of Business Lending is Strong ​2/25/2010
National Credit Union Administration (NCUA) Chairman Debbie Matz, in a February 24 letter to Treasury Secretary Timothy Geithner, assured him that if a statutory increase in the member business lending (MBL) cap.
Fryzel Addresses Range of Topics at Governmental Affairs Conference ​2/24/2010
NCUA Board Member, Michael E. Fryzel, addressed an audience of over 4,000 credit union activists during the Credit Union
National Association’s Governmental Affairs Conference in Washington, D.C. today.
Matz to Geither: Letter Attachment ​2/24/2010 I am writing as a follow-up to the recent discussions our agencies have had about credit union member business loan limitations.
Board Member Hyland Urges Collaboration at CUNA’s 2010 Governmental Affairs Conference ​2/23/2010
Change, in monumental form, is upon us. It is the end of the world as we know it and the future is at hand,” stated Board Member Hyland in her remarks today to over 4,000 attendees at the Credit Union.
Fryzel Commends Defense Credit Unions Leadership and Service and Calls for More ​2/22/2010
NCUA Board Member, Michael E. Fryzel, commended defense credit union representatives for their leadership in the industry and their service to their member.
Matz Looks to Opportunities, Growth for Credit Unions ​2/22/2010
Citing the continuing need for fairly-priced and accessible financial services during a troubled economy, NCUA Chairman Debbie Matz today called on credit unions to expand and enhance service to the nation’s consumers.
Defense Credit Unions Prepare for Military Saves Week ​2/19/2010
Military Saves represents an opportunity for active duty, National Guard, and reserve leadership at all levels to educate, motivate, and encourage service members and their families to save.
Audio Conference Set On New Capital Initiative ​2/19/2010
National Credit Union Administration (NCUA) Chairman Debbie Matz and National Federation of Community Development Credit Unions (Federation) President/CEO Cliff Rosenthal today announced a joint Audio Conference.
NCUA–NTEU to Sign Partnership Agreement ​2/19/2010
National Credit Union Administration (NCUA) Chairman Debbie Matz and National Treasury Employees Union (NTEU) President Colleen M. Kelley will sign a Partnership Agreement at a public ceremony March 2 in NCUA Headquarters in Alexandria, Va.
Web Town Hall Draws Large Crowd, Wide-Ranging Questions ​2/18/2010
National Credit Union Administration (NCUA) Chairman Debbie Matz today led a "virtual" Town Hall session featuring over 750 credit union participants and dialogue on topics ranging from the proposed corporate credit union
Biliouris Named Special Assistant to NCUA’s Executive Director ​2/16/2010
National Credit Union Administration (NCUA) today announced the selection of Matthew Biliouris to the new position of Special Assistant to the NCUA Executive Director.
FFIEC Issues 2009 Mortgage Fraud White Paper: The Detection and Deterrence of Mortgage Fraud Against Financial Institutions ​2/16/2010
The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, released an updated edition of its white paper today on mortgage fraud detection and deterrence.
Virtual Town Hall Agenda Set ​2/16/2010
The National Credit Union Administration today issues the agenda for the Town Hall Webinar to be hosted by Chairman Debbie Matz on February 18th from 3:00 p.m. (EST) to 4:30 p.m.
Credit Unions Make a Positive Impact in African American Communities ​2/13/2010
National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush’s designation of February 2008 as National African American History Month to highlight important
credit union programs.
NCUA Approves Low-Income CU Interim Capital Rule ​2/12/2010
The Board of the National Credit Union Administration (NCUA), by notation vote February 9th, unanimously approved an interim final rule regarding use of secondary capital by low-income designated
credit unions (LICUs).
Vice Chairman Hood Addresses the 25th Anniversary Celebration of Georgetown University Alumni and Student Federal Credit Union ​2/11/2010
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the 25th Anniversary Celebration of Georgetown University Alumni and Student Federal Credit Union (GUASFCU) Saturday, February 9, 2008.
Virtual Town Hall Set for February 18 ​2/8/2010
National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Thursday, February 18 at 3 p.m. (EST) where staff will discuss several pending regulatory proposals.
Regulators Issue Statement on Lending to Creditworthy Small Businesses ​2/5/2010
The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today on prudent lending to creditworthy small business borrowers.
Fryzel Cuts Ribbon at Polish & Slavic Grand Opening ​2/4/2010
NCUA Board Member, Michael E. Fryzel, along with over 200 other dignitaries and new credit union members attended the grand opening of the Polish & Slavic Federal Credit Union’s new branch office in Mt. Prospect, Illinois, on Saturday January 30, 2010.
Matz Leads Wide-Ranging Discussion in Florida Town Hall Session ​2/4/2010
National Credit Union Administration Chairman Debbie Matz today heard spirited and diverse dialogue regarding the future of corporate credit unions and other critical issues during a Town Hall meeting in Orlando, Fla.
NCUA Extends Comment Period on Community Chartering Proposal ​2/3/2010
The National Credit Union Administration (NCUA) Board has extended the comment period from March 1 to April 15 on proposed revisions to the NCUA Chartering and Field of Membership Manual.
Elizabeth Whitehead Named Region V Director ​1/29/2010
The National Credit Union Administration (NCUA) Board today named Elizabeth Whitehead Region V Director.
Orlando Town Hall Agenda Set ​1/25/2010
The National Credit Union Administration today issues the agenda for the Town Hall meeting at the Buena Vista Palace Hotel in Lake Buena Vista, Fla., February 4, 2010.
Financial Regulators Issue Interest Rate Risk Advisory ​1/7/2010
The Federal Financial Institutions Examination Council (FFIEC) released an advisory today reminding institutions of supervisory expectations for sound practices to manage interest rate risk (IRR).
Advisory on Interest Rate Risk Management ​1/6/2010
The financial regulators1 are issuing this advisory to remind institutions of supervisory expectations regarding sound practices for managing interest rate risk (IRR).
 

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