Navigate Up
Sign In

News and Press Releases - 2012

News Story ​Dateline Summary
NCUA Issues Prohibition Order ​12/31/2012

The NCUA has issued an order prohibiting Giovanna Liranzo from participating in the affairs of any federally insured financial institution.

Chetco to Close with Assets and Shares Absorbed by Rogue and Coast Central

​12/28/2012

The NCUA today announced the liquidation of Chetco Federal Credit Union effective Dec. 31, and the selection of bids from credit unions in California and Oregon for the purchase and assumption of the remaining assets and shares of Chetco.

​Chetco Cierra Operaciones, Sus Activos y Depósitos Absorbidos Por Rogue y Coast Central

​12/28/2012 ​La Administración Nacional de Cooperativas de Ahorro y Crédito (NCUA) anunció hoy la liquidación de Chetco Federal Credit Union (Chetco) efectivo el 31 de diciembre del 2012

NCUA Sues Former Texans Credit Union CEO for “Grossly Negligent Conduct”

​12/20/2012 ​NCUA today filed suit in Federal District Court in Dallas against David Addison, former CEO of Texans Credit Union (TCU), alleging Addison breached his fiduciary duty to members and was “grossly negligent” in his management of the credit union.
​NCUA New Economic Update Video Highlights Moderately Improving Economy ​12/20/2012 ​NCUA released today the agency’s December economic update. The latest video in the agency’s free monthly “YouTube” series highlights the Federal Reserve’s monetary policy guidance issued in early December and examines the implications for credit unions.
​Nevada’s Federally Insured Credit Unions Return to NCUA’s Region V ​12/19/2012
The National Credit Union Administration today announced that supervision of Nevada’s 12 federally insured credit unions will return to the agency’s Region V office from Region I effective Jan. 1, 2013.
Olean Tile Employees Federal Credit Union Closes ​12/17/2012
The National Credit Union Administration (NCUA) today liquidated Olean Tile Employees Federal Credit Union of Olean, N.Y.​
​NCUA Sues J.P. Morgan and Bear, Stearns over $3.6 Billion in Faulty Securities ​12/17/2012
NCUA has filed suit in Federal District Court against J.P. Morgan Securities and Bear, Stearns & Co., alleging violations of federal and state securities laws in the sale of $3.6 billion in mortgage-backed securities to four corporate credit unions.
​NCUA Ranks among Best Places to Work ​12/13/2012 ​NCUA showed the strongest growth in employee satisfaction among medium-sized federal agencies in the annual Best Places to Work in the Federal Government rankings released today by the Partnership for Public Service.
G.I.C. Federal Credit Union Closes ​12/13/2012
The National Credit Union Administration (NCUA) today liquidated G.I.C. Federal Credit Union of Euclid, Ohio.
NCUA Launches New Website for Small Credit Unions ​12/11/2012
Small credit unions have a new ‘go-to’ site for online information and assistance provided by the National Credit Union Administration’s Office of Small Credit Union Initiatives (OSCUI).
​NCUA Board Chairman Matz Profiled in The Business of Government Magazine ​12/10/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz is the subject of an in-depth profile in the latest edition of The Business of Government magazine.
NCUA Hosting Credit Union Merger Webinar ​12/10/2012 ​The National Credit Union Administration (NCUA) Office of Small Credit Union Initiatives (OSCUI) will host a free webinar—“Mergers: The Facts and Realities”—Friday, Dec. 14, beginning at 2 p.m. EST.
Blankenberger Named Regional Director ​12/7/2012 ​National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced the selection of Larry Blankenberger as the next Regional Director of the agency’s Region I office in Albany, N.Y.
NCUA Third-Quarter State Map Review Shows Brisk Loan Growth ​12/3/2012
Federally insured credit unions saw balances on outstanding loans increase by 4.3 percent for the year ending in the third quarter of 2012, reflecting a continuing economic recovery and growing consumer confidence, according to a new analysis
NCUA Issues Prohibition Orders ​11/30/2012
The NCUA has issued orders prohibiting Joyce Judy and Kimberly Unger from participating in the affairs of any federally insured financial institution.
Border Lodge Credit Union Closes ​11/30/2012
The Vermont Department of Financial Regulation today closed the Border Lodge Credit Union of Derby Line, Vt., and appointed the National Credit Union Administration (NCUA) as liquidating agent.
Credit Union Membership Growth Accelerates in Third Quarter 11/29/2012
The improving economy resulted in a continued strengthening in the performance of federally insured credit unions during the third quarter of 2012, according to Call Report data submitted to and compiled by the NCUA for the period ending Sept. 30.
NCUA Posts Additional 2013 Budget Data 11/27/2012
As part of an ongoing effort to provide greater transparency, the National Credit Union Administration (NCUA) today posted additional information about the 2013 budget data on the agency’s website.
NCUA Charters Thrivent FCU ​11/26/2012
The Office of Consumer Protection at the National Credit Union Administration (NCUA) has chartered Thrivent Federal Credit Union (FCU), which has acquired certain assets and liabilities formerly held by Thrivent Financial Bank.
NCUA Ranked as a “Top Performer” by OPM ​11/21/2012
The National Credit Union Administration (NCUA) has soared in the rankings of the 2012 Federal Employee Viewpoint Survey administered by the U.S. Office of Personnel Management (OPM).
Nominations Still Open for NCUA’s Small Credit Union Consulting Program ​11/21/2012 ​The National Credit Union Administration (NCUA) is now accepting nominations for credit union participation in the Consulting Program run by the Office of Small Credit Union Initiatives (OSCUI).
NCUA Posts New Economic Update Video ​11/19/2012
The National Credit Union Administration (NCUA) released today the latest video in the agency’s free monthly economic update series. The November analysis features an in-depth discussion about the potential impact of Hurricane Sandy on credit unions.
NeighborWorks America Names Debbie Matz Vice Chair to Board of Directors ​11/16/2012
Today NeighborWorks America, a top community development organization, announced the appointment of Debbie Matz as Vice Chair to the Board of Directors.
Agencies Issue Supplemental Statement on Supervisory Practices Regarding ​11/14/2012 ​Agencies Issue Supplemental Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Sandy
Matz: “Important Milestone” in Corporate Resolution Achieved ​11/6/2012
With the payment of a $1.5 billion obligation of the failed Western Corporate Federal Credit Union (WesCorp), the National Credit Union Administration (NCUA) has taken a major step forward in successfully completing the agency’s Corporate Resolution Plan.
NCUA Issues 2013 Board Meeting Schedule ​11/2/2012
The National Credit Union Administration (NCUA) Board released its monthly meeting schedule for 2013 today.
NCUA Assisting Credit Unions’ Hurricane Sandy Recovery Efforts 11/2/2012
Credit unions up and down the Eastern Seaboard are working to restore services to members in the wake of Hurricane Sandy, and the National Credit Union Administration (NCUA) continues to support those efforts.
National Supervision Policy Manual ​11/2/2012
The National Credit Union Administration (NCUA) today released a public version of its new National Supervision Policy Manual (NSPM). The document describes the agency’s internal operations and procedures for supervisory staff.
NCUA Issues Prohibition Order ​11/1/2012
The National Credit Union Administration has issued an order prohibiting Jessica L. St. Amand from participating in the affairs of any federally insured financial institution.
Projected Corporate Loss Range Shrinks ​11/1/2012
The upper end of total projected assessments associated with the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) declined between December 2011 and June 2012.
​Financial Regulators Release Guidance for the Supervision of Technology Service Providers ​10/31/2012
The Federal Financial Institutions Examination Council (FFIEC) today issued a revised Supervision of Technology Service Providers booklet (TSP Booklet), which is part of the FFIEC Information Technology Examination Handbook (IT Handbook).
Women’s Southwest Federal Credit Union Closes ​10/31/2012
The National Credit Union Administration (NCUA) today liquidated Women’s Southwest Federal Credit Union (WSFCU) of Dallas, Texas.
NCUA’s Urgent Needs Grants Available for LICUs Hit by Hurricane Sandy ​10/30/2012
With Hurricane Sandy striking communities along the East Coast with heavy rain, driving winds and severe flooding, NCUA is reminding low-income credit unions that the Urgent Needs Initiative provides grants to help restore operations and fix facilities.
​NCUA Activates Disaster Relief Policy and Hotline after Hurricane Sandy Strikes ​10/30/2012
To protect consumers and ensure the continuity of credit union services, NCUA has activated the agency’s disaster relief policy, including opening the agency’s toll-free consumer assistance hotline to answer financial questions related to the emergency.
​U.S. Central Bridge Closed ​10/29/2012
Completing three years of efforts to stabilize the corporate credit union sector, the National Credit Union Administration (NCUA) today closed U.S. Central Bridge Corporate Federal Credit Union (U.S. Central Bridge).
​Planning for Hurricane Sandy ​10/26/2012
With Hurricane Sandy about to move up the Atlantic coast, the National Credit Union Administration (NCUA) is reminding credit unions and credit union members in the storm’s potential path to take steps to prepare.
Laster Named Director of NCUA’s Office of Consumer Protection ​10/26/2012 ​National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced the selection of Gail Laster as Director of the Office of Consumer Protection, a senior management position within the agency.
​NCUA Chairman Matz’ Town Hall Webinar Now Available Online ​10/23/2012
NCUA Board Chairman Debbie Matz’ recent town hall webinar is now available online, the agency announced today.
Comment Deadline Extended to Nov. 26 for Proposed Small Credit Union Definition Rule ​10/22/2012
The National Credit Union Administration (NCUA) Board has approved by notation vote a one-month extension of the comment period for the proposed rule updating the definition of a “small entity.”
NCUA’s October Economic Update for Credit Unions Now Available Online ​10/22/2012
The National Credit Union Administration (NCUA) today released the latest video in the agency’s free “YouTube” economic update series.
​NCUA Board Chairman Matz Radio Interview Available Online ​10/19/2012
NCUA Board Chairman Debbie Matz recently joined Michael Keegan, managing editor of The Business of Government magazine and host of the Business of Government Hour radio program, for a wide-ranging conversation about the credit union industry.
NCUA Issues Prohibition Order against Former WesCorp CEO ​10/19/2012
The National Credit Union Administration (NCUA) has issued an order prohibiting Robert A. Siravo from participating in the affairs of any federally insured credit union.
NCUA Insures New Gateway Credit Union ​10/18/2012 ​The Office of Consumer Protection at the National Credit Union Administration (NCUA) today announced the approval of federal insurance for members’ accounts at Gateway Credit Union in Montgomery, Ala
Treichel Selected as Next Executive Director ​10/18/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced the selection of Mark A. Treichel as the agency’s next Executive Director, the agency’s most senior career position.
Low-Income Credit Union List Hits 1,874 ​10/18/2012 ​Credit unions across the nation have responded favorably to a National Credit Union Administration (NCUA) initiative aimed at cutting regulatory red tape and expanding the number of credit unions with the low-income designation.
NCUA Signs Letter of Understanding and Agreement with Lynn Municipal Employees CU ​10/17/2012
NCUA has entered into a Letter of Understanding and Agreement (LUA) with the Lynn Municipal Employees Credit Union and the Massachusetts Division of Banks that requires the credit union to take steps to correct unsafe and unsound practices.
FFIEC Statement on the Impact of Drought Conditions on Financial Institutions ​10/16/2012 ​The Federal Financial Institutions Examination Council today encouraged financial institutions to work constructively with borrowers affected by drought conditions and consider alternatives for prudently restructuring credit facilities as appropriate.
​Webinar on Troubled Debt Restructuring, Workouts, and Nonaccruals Now Online ​10/12/2012
A recent webinar on loan workouts, nonaccruals, and the reporting of troubled debt restructurings is now available online, the National Credit Union Administration (NCUA) announced today.
NCUA Sues Credit Suisse over Faulty Securities ​10/4/2012
The National Credit Union Administration (NCUA) today filed suit in Federal District Court in Kansas against Credit Suisse Securities (USA).
​Still Time to Sign Up for Oct. 4 Town Hall Webinar with NCUA Chairman Matz ​10/3/2012
Credit union managers, staff and volunteers can still register for tomorrow’s online town hall with National Credit Union Administration (NCUA) Board Chairman Debbie Matz.
NCUA Issues Prohibition Orders ​10/2/2012
The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution: Eugene Telfair, Glenna Gouza and Billie Jean Collins.
NCUA Charters Community Promise FCU ​10/2/2012
The Office of Consumer Protection at the National Credit Union Administration (NCUA) today announced the approval of the third new federal credit union (FCU) charter in 2012.
​Trinity Credit Union Merged with Power Credit Union ​10/1/2012
The National Credit Union Administration (NCUA) and the Colorado Division of Financial Services today announced the unassisted merger of Trinity Credit Union of Trinidad, Colo., with Power Credit Union of Pueblo, Colo.
​La Cooperativa de Ahorro y Crédito Trinity fue fusionada con la Cooperativa de Ahorro y Crédito Power ​10/1/2012 ​NCUA y la División de Servicios Financieros de Colorado anunciaron hoy la fusión sin asistencia de la Cooperativa de Ahorro y Crédito Trinity de Trinidad, Colo con la Cooperativa de Ahorro y Crédito Power.
NCUA Releases New Videos on Economic Trends and Emergency Liquidity ​10/1/2012
The National Credit Union Administration (NCUA) released today the latest edition in the agency’s free “YouTube” economic update series.
​La Cooperativa de Ahorro y Crédito El Paso’s Cierra ​9/28/2012
La Administración Nacional de Cooperativas de Ahorro y Crédito (NCUA) liquidó hoy la Cooperativa de Ahorro y Crédito El Paso’s (El Paso’s FCU), una cooperativa de ahorro y crédito con seguro y licencia federal ubicada en El Paso, TX.
El Paso’s Federal Credit Union Closes ​9/28/2012
The National Credit Union Administration (NCUA) today liquidated El Paso’s Federal Credit Union (EPFCU) of El Paso, Texas.
Registration for Oct. 4 Webinar with NCUA Chairman Matz Still Open ​9/28/2012
Credit union staff and volunteers still have time to register for the online town hall with National Credit Union Administration (NCUA) Board Chairman Debbie Matz scheduled for Thursday, Oct. 4, beginning at 3 p.m. EDT.
Fryzel: Understand Member Needs and Provide Least-Cost, Highest-Quality Service ​9/27/2012
NCUA Board Member Michael E. Fryzel today highlighted the importance of credit unions understanding the needs of their members during his address at the Combined Council of America’s Credit Unions’ 31st Annual Conference.
NCUA Sues Barclay’s Capital 9/25/2012
The National Credit Union Administration (NCUA) today filed suit in Federal District Court in Kansas against Barclay’s Capital, Inc.
NCUA Executive Director Marquis to Retire ​9/24/2012
After 34 years of protecting the safety and soundness of the credit union industry, Executive Director David Marquis will retire at the end of this year, the National Credit Union Administration (NCUA) today announced.
Hyland to Depart NCUA Board ​9/20/2012
National Credit Union Administration (NCUA) Board Member Christiane Gigi Hyland today announced her resignation, effective Oct. 5.
NCUA Closed Board Meeting Agenda Revised ​9/19/2012
The National Credit Union Administration (NCUA) has modified the agenda for the Thursday, Sept. 20, closed Board meeting by deleting the consideration of one personnel matter.​
Federal Financial Institutions Examination Council Announces Availability of 2011 Data on Mortgage Lending ​9/18/2012
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,632 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).
​NCUA Increases Credit Union Flexibility ​9/18/2012
Credit unions now have more flexibility when working with members seeking loans for business vehicles, the National Credit Union Administration (NCUA) announced today.
​With NCUA Laptops, Small Credit Unions Become Greener, More Efficient ​9/14/2012
Fourteen small credit unions will be able to improve service and reduce their environmental footprints with new laptop computers provided by the National Credit Union Administration (NCUA).
​Hyland Urges Credit Unions to "Remember the Mision" ​9/14/2012
National Credit Union Administration (NCUA) Board Member Gigi Hyland told credit union officials to “remember their straightforward mission” of serving members by offering safety and value.
553 New Low-Income Credit Unions ​9/12/2012
The National Credit Union Administration (NCUA) announced on Aug. 7 an initiative to inform more than 1,000 federal credit unions of their eligibility for the low-income credit union (LICU) designation
Fryzel Urges NAFCU to “Take Another Step” ​9/12/2012
While addressing members of NAFCU at their yearly Congressional Caucus, NCUA Board Member Michael E. Fryzel urged the group to take another step and fully engage on legislative issues and in the upcoming congressional election.
Matz to Host Free Town Hall Webinar ​9/10/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz has scheduled a town hall webinar, open to the entire credit union industry, for Thursday, Oct. 4, beginning at 3 p.m. EDT.
NCUA Files Suit Against UBS Securities ​9/6/2012
The National Credit Union Administration (NCUA) has filed suit in Federal District Court against UBS Securities, alleging the investment giant violated federal and state securities laws through misrepresentations in the sale of mortgage-backed securities.
NCUA Quarterly U.S. Map Review Demonstrates State-by-State Differences ​9/5/2012
A new analysis from the National Credit Union Administration (NCUA) underscores that federally insured credit union performance at the state level often reflects local economic conditions in the states as the recovery continues.
NCUA Issues Prohibition Orders 8/31/2012
NCUA has issued orders prohibiting three individuals from participating in the affairs of any federally insured financial institution.
Credit Unions Record Largest Quarterly Increase in Lending Since 2008 8/31/2012
The ongoing strengthening in the performance of federally insured credit unions continued in the second quarter of 2012, according to Call Report data submitted to and compiled by the NCUA for the period ending June 30.
NCUA Charters Lakota Federal Credit Union ​8/29/2012
The Office of Consumer Protection at the National Credit Union Administration (NCUA) approved the second new federal credit union (FCU) charter in 2012 today. Lakota FCU, a community credit union.
NCUA Central Liquidity Facility and LICU Webinars Now Available Online ​8/29/2012
Recent webinars reviewing changes in the Central Liquidity Facility (CLF), the proposed rule on emergency liquidity, and the Low-Income Credit Union (LICU) eligibility initiative are now available online.
NCUA Activates Disaster Relief Policy after Hurricane Isaac ​8/29/2012
To protect consumers and ensure the continuity of credit union services after Hurricane Isaac, the National Credit Union Administration (NCUA) has activated the agency’s disaster relief policy.
Webinar to Review Rules on Troubled Debt Restructuring, Workouts, and Nonaccruals ​8/29/2012
The National Credit Union Administration (NCUA) will host a free webinar—“Loan Workouts, Nonaccruals and Regulatory Reporting of Troubled Debt Restructuring”—Thursday, Sept. 20, beginning at 2:30 p.m. EDT.
Planning for Tropical Storm Isaac ​8/24/2012
With Tropical Storm Isaac about to enter the Gulf of Mexico, the National Credit Union Administration (NCUA) is reminding credit unions and credit union members in the storm’s potential path to take steps to prepare.
NCUA Charters Internet Archive FCU ​8/24/2012
The Office of Consumer Protection at the NCUA approved the first new federal credit union (FCU) charter in 2012 today. Internet Archive FCU is a low-income designated, community credit union located in New Brunswick, N.J.
NCUA Posts Three New Economic Videos ​8/24/2012 ​The NCUA released the August economic update on the agency’s official “YouTube” channel today. The latest economic installment features three segments, making it easier for viewers to get the information relevant to them.
Fryzel Challenges Credit Unions to Hire One Thousand Veterans ​8/20/2012
At the Defense Credit Union Council’s 49th Annual Conference, NCUA Board Member Michael E. Fryzel discussed the difficulties America’s veterans face when entering the civilian workforce and called on credit unions to help ease this burden.
​NCUA Awards $1.4 Million in Grants to Small Credit Unions ​8/15/2012
More than 100 small credit unions across the country will improve service, provide training, and expand community outreach with the help of $1.4 million in technical assistance grants from the National Credit Union Administration (NCUA).
Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages ​8/15/2012
Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages
​August 14 Webinar Expands to Cover LICU-Eligibility Initiative and Liquidity Issues ​8/10/2012
Credit unions still have time to register for the free webinar the National Credit Union Administration (NCUA) is hosting on Tuesday, Aug. 14, beginning at 2 p.m. EDT.
United Catholic Credit Union Closes ​8/9/2012
The Michigan Office of Financial Insurance Regulation (OFIR) today closed United Catholic Credit Union (UCCU) of Temperance, Mich., and appointed the National Credit Union Administration (NCUA) as liquidating agent.
NCUA: Video Tellers Can Function as “Service Facilities” ​8/9/2012
Credit unions that want to offer consumers more service options through video teller machines can consider the new machines “service facilities” under certain criteria, the National Credit Union Administration (NCUA) announced today.
Komyathy Named Director of Risk Management ​8/8/2012
NCUA Board Chairman Debbie Matz today announced the appointment of JeanMarie Komyathy as Director of Risk Management in the Office of Examination and Insurance.
​Matz: “NCUA Expands Small Business Access to Capital” ​8/7/2012
More small businesses across America will have greater access to needed capital from federal credit unions through a NCUA initiative to streamline the process for federal credit unions to receive a low-income designation.
Fryzel Urges African-American Credit Unions to Continue Underserved Outreach ​8/3/2012
As a featured speaker at the African-American Credit Union Coalition’s 14th Annual Conference, NCUA Board Member Michael E. Fryzel discussed the importance of serving the underserved.
NCUA Hosts Webinar on Liquidity Issues ​​8/1/2012
The National Credit Union Administration (NCUA) will host a free webinar—“CLF and Your Credit Union’s Contingent Liquidity”—Tuesday, Aug. 14, beginning at 2 p.m. EDT.
​A M Community Credit Union Purchased by TruStone Financial Federal Credit Union ​​​8/1/2012
The Wisconsin Office of Credit Unions placed A M Community Credit Union of Kenosha, Wisc., into liquidation today and appointed the NCUA as liquidating agent.
NCUA Issues Prohibition Orders ​​​8/1/2012
The National Credit Union Administration (NCUA) issued orders prohibiting five individuals from participating in the affairs of any federally insured financial institution.
Trinity Credit Union Placed Under NCUA Conservatorship ​7/27/2012 ​NCUA today assumed control of service and operations at Trinity Credit Union, a state-chartered, federally insured credit union headquartered in Trinidad, Colo.
La Cooperativa de Ahorro y Crédito Trinity fue colocada bajo sindicatura por la Administración Nacional de Cooperativas de Ahorro y Crédito ​7/27/2012 ​NCUA asumió hoy el control de las operaciones de la Cooperativa de Ahorro y Crédito Trinity (Trinity CU), una cooperativa de ahorro y crédito con seguro federal y con licencia del estado de Colorado ubicada en Trinidad, Colorado.
Matz Comments on Court’s Ruling in Kansas Securities Lawsuits ​7/26/2012
NCUA commented today on yesterday’s decision by the Federal District Court in Kansas that denied the majority of the defendants’ motions to dismiss in the agency’s lawsuits for losses from mortgage-backed securities purchased by U.S. Central.
Questions and Answers about NCUA’s Office of National Examinations and Supervision ​7/26/2012
Questions and Answers about NCUA’s Office of National Examinations and Supervision
Matz: New Office of National Examinations and Supervision Coming in 2013 ​7/26/2012
Matz: New Office of National Examinations and Supervision Coming in 2013
​July NCUA Economic Update Video Available on YouTube ​7/25/2012
The National Credit Union Administration (NCUA) released the agency’s July economic update today. The video reviews the latest in economic trends and how they are affecting the credit union industry.
NCUA Board Member Michael E. Fryzel's Remarks before Michigan Credit Union League & Affiliates Annual Convention and Exposition ​7/13/2012
NCUA Board Member Michael E. Fryzel's Remarks before Michigan Credit Union League & Affiliates Annual Convention and Exposition
​Federal Financial Regulators Release Statement on Outsourced Cloud Computing - FFIEC ​7/10/2012
Federal Financial Regulators Release Statement on Outsourced Cloud Computing - FFIEC Press Release
​Western Bridge Corporate Closes Doors ​7/7/2012
The National Credit Union Administration announced today the liquidation of Western Bridge Corporate Federal Credit Union of San Dimas, Calif. Western Bridge closed at the end of the day Friday.
NCUA’s 2011 Annual Report Posted Online ​7/3/2012
The National Credit Union Administration (NCUA) posted the agency’s 2011 Annual Report online today. Entitled Foundation for the Future, the annual report highlights NCUA’s activities and accomplishments in 2011.
NCUA Issues Cease and Desist Order ​6/29/2012 ​The National Credit Union Administration (NCUA) has issued a cease and desist order to Thomas E. Swedberg, a former employee of Western Corporate Federal Credit Union, located in San Dimas, Calif.
Estimated Range of Future Stabilization Fund Assessments Narrows ​6/29/2012
Today, the NCUA updated and expanded the webpages that increase public awareness of the costs of the Corporate System Resolution and the performance of the NCUA Guaranteed Notes (NGN) Program.
NCUA Changes Starting Time for July Closed Board Meeting ​6/28/2012
The National Credit Union Administration (NCUA) Board has rescheduled the starting time for the closed Board meeting on Tuesday, July 23, from 2 p.m. to 2:30 p.m.
​Protecting Military Homeowners When Changing Duty Stations ​6/28/2012
The NCUA released today a letter to credit unions addressing interagency guidance designed to protect military homeowners changing duty stations.
NCUA Issues Prohibition Orders ​6/27/2012
The NCUA issued orders prohibiting Edgar Hugh Kelly and Joanne Taylor from participating in the affairs of any federally insured financial institution.
Deadline for 2012 CDRLF Grants Draws Near ​6/26/2012
The NCUA reminded credit unions today about the 2012 application process for Community Development Revolving Loan Fund (CDRLF) technical assistance grants and reduced-rate loans.
Fryzel Urges New Jersey Credit Union CEOs to Continue Helping Members ​6/26/2012
National Credit Union Administration (NCUA) Board Member Michael E. Fryzel, at the invitation of New Jersey Credit Union League President Paul Gentile, addressed credit union CEOs and leaders at a breakfast here today.
NCUA Reschedules July Closed Board Meeting ​6/25/2012
The National Credit Union Administration (NCUA) Board has rescheduled the closed Board meeting set for Tuesday, July 24. The closed Board meeting is now scheduled for Monday, July 23, at 2 p.m.
Stabilization Fund Earns Clean 2011 Audit ​6/22/2012
The National Credit Union Administration (NCUA) released the 2011 audited financial statements for the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) today.
NCUA Economic Video - June 2012 ​6/22/2012
The NCUA released the agency’s economic update for June today. The latest installment in the free monthly “YouTube” video series covers how economic trends are likely to affect credit unions.
NCUA Board Cancels June Open Meeting ​6/20/2012
NCUA Board Cancels June Open Meeting
NCUA Issues Prohibition Orders ​6/12/2012
The National Credit Union Administration (NCUA) issued orders prohibiting three individuals from participating in the affairs of any federally insured financial institution.
Fryzel Engages CUNA’s Cheney in Open Dialogue on Industry Hot Topics ​6/12/2012
Fryzel Engages CUNA’s Cheney in Open Dialogue on Industry Hot Topics
Fryzel Highlights Dynamism of Credit Union Industry at New York Convention ​6/8/2012
In a featured conference speech before credit union advocates and members of the Credit Union Association of New York, National Credit Union Administration (NCUA) Board Member Michael E. Fryzel today highlighted the dynamic structure of the industry.
Hyland Leads Community Clean-Up Effort in D.C. ​6/5/2012
On Saturday June 2nd, Board Member Gigi Hyland, who also serves as the current chairman of NeighborWorks®, led a team of volunteers taking part in a neighborhood clean-up project in Ivy City, located in northeast Washington, DC.
NCUA Releases First Quarter U.S. Map Review ​6/5/2012
The National Credit Union Administration (NCUA) today released the first NCUA Quarterly U.S. Map Review featuring analysis of key financial indicators on a state-by-state basis for federally insured credit unions.
Agencies Sign Memorandum of Understanding on Supervisory Coordination ​6/4/2012
Five federal supervisory agencies today released a Memorandum of Understanding that clarifies how the agencies will coordinate their supervisory activities, consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
​Telesis Community Credit Union Purchased by Premier America Credit Union ​6/1/2012
The California Department of Financial Institutions placed Telesis Community Credit Union of Chatsworth, CA, into liquidation today and appointed the National Credit Union Administration as liquidating agent.
Credit Union Industry Assets Top $1 Trillion ​6/1/2012
Key financial indicators for federally insured credit unions largely improved in the first quarter of 2012.
In late March, Credit unions’ total assets topped $1 trillion, and the industry’s net worth exceeded $100 billion for the first time.
Prohibition Order 5/31/2012
The National Credit Union Administration (NCUA) issued an order prohibiting Lenora Jane Colburn from participating in the affairs of any federally insured financial institution.
NCUA Issues Prohibition Order 5/29/2012
The National Credit Union Administration (NCUA) issued an order prohibiting Alexander Baduria Flores from participating in the affairs of any federally insured financial institution.
NCUA Revises May 24 Closed Board Meeting Agenda 5/22/2012 ​The National Credit Union Administration (NCUA) has revised the closed Board meeting agenda. The Board voted to add an additional supervisory activity to the closed agenda.
May NCUA Economic Update Now Available 5/22/2012
The National Credit Union Administration (NCUA) released the latest installment in the agency’s free “YouTube” economic video series today.
NCUA Issues Cease and Desist Order to Montgomery County Teachers FCU ​5/22/2012
The National Credit Union Administration (NCUA) has issued an order to cease and desist to Montgomery County Teachers Federal Credit Union of Derwood, Md.
NCUA Opens Applications for Grants and Low-Rate Loans May 22 ​5/21/2012
Starting May 22nd, 1,119 credit unions with a low-income designation may apply to the National Credit Union Administration (NCUA) for grants and low-rate loans.
GAO Verifies NCUA’s Corporate Estimates ​5/21/2012 ​The National Credit Union Administration (NCUA) has received a letter from the Government Accountability Office (GAO) verifying NCUA’s estimates of projected losses for legacy assets of corporate credit unions.
Wausau Postal Employees Credit Union Purchased by CoVantage Credit Union ​5/18/2012
The Wisconsin Office of Credit Unions liquidated Wausau Postal Employees Credit Union of Wausau, Wis., today and appointed the National Credit Union Administration (NCUA) as liquidating agent.
NCUA Issues Cease and Desist Order ​5/18/2012
The National Credit Union Administration (NCUA) has issued a cease and desist order to Joseph Herbst, a former institution-affiliated party of U.S. Central Federal Credit Union (U.S. Central), located in Lenexa, Kan.
NCUA Issues Cease and Desist Order ​5/18/2012
The National Credit Union Administration (NCUA) has issued a cease and desist order to Francis Lee, a former employee of U.S. Central Federal Credit Union (U.S. Central), located in Lenexa, Kan.
​NCUA Issues Cease and Desist Order ​5/17/2012 ​The National Credit Union Administration (NCUA) has issued a cease and desist order to Robert J. Burrell, a former institution-affiliated party of Western Corporate Federal Credit Union (WesCorp), located in San Dimas, Calif.
NCUA Issues Prohibition Order ​5/11/2012
The National Credit Union Administration (NCUA) issued an order prohibiting the following individual from participating in the affairs of any federally insured financial institution:
Cynthia M. Harvey
NCUA Board Cancels Closed Meeting ​5/11/2012
The National Credit Union Administration (NCUA) Board has agreed to cancel the closed Board meeting previously scheduled for Monday, May 14.
Fryzel Addresses Illinois Credit Unions at League’s Annual Legislative Conference ​5/10/2012
National Credit Union Administration (NCUA) Board Member Michael E. Fryzel recently addressed over 110 attendees at the Illinois Credit Union System’s Legislative Conference held in Springfield, Ill.
NCUA Implements New Supervision Manual and Consistent Exam Standards ​5/10/2012
NCUA Implements New Supervision Manual and Consistent Exam Standards
NeighborWorks America Names Hyland Board Chair ​5/9/2012
NeighborWorks America, the country’s preeminent leader in affordable housing and community development, announced the appointment of Christiane Gigi Hyland as Board Chair today.
FFIEC Implements New InfoBase Technology For The Information Technology Examination Handbook ​5/3/2012
The Federal Financial Institutions Examination Council (FFIEC) has recently upgraded the functions and features of the InfoBase for the FFIEC Information Technology Examination Handbook (IT Handbook).
La página web Los Centavos del Bolsillo ya esta disponible en español ​5/3/2012
La Administración Nacional de Cooperativas de Ahorro y Crédito anunció hoy el lanzamiento de una versión en español del sitio web Los Centavos del Bolsillo — la gratuita, nueva y divertida micro-página web de educación financiera que se estreno en abril.
Pocket Cents Kid’s Website Now in Spanish ​5/3/2012
The National Credit Union Administration (NCUA) announced today a Spanish version of Pocket Cents—the free, new, and fun youth financial literacy micro-website unveiled in April.
​AEA Federal Credit Union Reports Improvements in First Quarter ​5/3/2012
AEA Federal Credit Union reported improved financial results today for the first quarter ending March 31, 2012.
Munn Re-elected as Chairman of the FFIEC State Liaison Committee ​5/1/2012
The State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council announced today the re-election of John Munn as its Chairman for the period of May 1, 2012 through April 30, 2013.
​Cotney Reappointed to the FFIEC State Liaison Committee ​5/1/2012
The Federal Financial Institutions Examination Council announced today the reappointment of David J. Cotney, Commissioner, Massachusetts Division of Banks, to the Council’s State Liaison Committee (SLC).
NCUA Preps for CU Online Upgrade ​4/30/2012
Based on credit union feedback, the National Credit Union Administration (NCUA) will launch an upgraded version of the Credit Union Online (CU Online) system May 28.
NCUA Posts New YouTube Economic Update ​4/27/2012
The National Credit Union Administration (NCUA) released the latest video in the agency’s free “YouTube” economic update series today.
Matz Opens Registration for Sixth “Listening Session” July 31 in Denver ​4/26/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz today opened registration for her sixth “Listening Session,” which will take place on July 31 from 1:00–4:00 p.m. in Denver.
Texans Credit Union Reports Improvements in First Quarter ​4/23/2012
Texans Credit Union reported improved financial results for the first quarter ending March 31, 2012.
NCUA Notes Green Successes for Earth Day ​4/20/2012
The National Credit Union Administration (NCUA) through the “greeNCUA” initiative works to decrease the agency’s environmental footprint year round.
NCUA Issues Prohibition Order ​4/20/2012 ​The National Credit Union Administration (NCUA) issued an order prohibiting Michael John Young from participating in the affairs of any federally insured financial institution.
NCUA Listening Session in Orlando Changed to Wednesday, June 13 ​4/18/2012
The National Credit Union Administration (NCUA) has changed the “Listening Session” in Orlando to Wednesday, June 13 instead of Tuesday, June 12.
Ninichuk Named Deputy Director of the Office of Small Credit Union Initiatives ​4/18/2012
NCUA Board Chairman Debbie Matz today announced the appointment of Martha J. Ninichuk as Deputy Director of the Office of Small Credit Union Initiatives (OSCUI).
NCUA Issues Prohibition Order ​4/16/2012
NCUA issued an order prohibiting Nicole M. Vincent from participating in the affairs of any federally insured financial institution
Matz Opens Registration for Fifth “Listening Session” July 10 in San Diego ​4/16/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz today opened registration for her fifth “Listening Session,” which will take place on July 10 from 1:00–4:00 p.m. at the Westin Hotel in San Diego.
Matz Opens Registration for Fourth “Listening Session” June 12 in Orlando ​4/12/2012
Matz Opens Registration for Fourth “Listening Session” June 12 in Orlando
NCUA Unveils “Pocket Cents,” a New Financial Literacy Website for Kids ​4/11/2012
The National Credit Union Administration (NCUA) today launched the first phase of a free, new, and fun youth microsite—Pocket Cents—as part of the agency’s month-long financial literacy campaign.
NCUA Announces Two New Senior Leaders ​4/5/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced two senior personnel changes to take effect in April: Ronnie Levine and Tim Segerson.
NCUA Board Cancels April Open Meeting ​4/5/2012
The National Credit Union Administration (NCUA) Board agreed to cancel the open meeting previously scheduled for April 12.
​NCUA Issues Prohibition Orders ​​4/3/2012
The National Credit Union Administration (NCUA) issued orders prohibiting six individuals from participating in the affairs of any federally insured financial institution.
NCUA Kicks Off Twitter Campaign for Financial Literacy Month ​​4/2/2012
National Credit Union Administration (NCUA) today kicks off a social media campaign on Twitter in conjunction with Financial Literacy Month.
Matz Opens Registration for Third “Listening Session” June 5 in St. Louis ​​4/2/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz today opened registration for her third “Listening Session,” which will take place on June 5 from 1:00–4:00 p.m. at the Hilton St. Louis on 1 South Broadway.
​NCUA’s Latest Video Focuses on Improving Economic Trends and Interest Rate Risk ​3/29/2012
The National Credit Union Administration (NCUA) released today the third installment in the agency’s free “YouTube” economic update series. The new video highlights key economic indicators that point to a recovering national economy.
​NCUA Bars Former DC FCU Board Member ​3/28/2012
The National Credit Union Administration (NCUA) has issued an order prohibiting former DC FCU Board Member James M. Talbert from participating in the affairs of any federally insured financial institution.
Shepherd’s Federal Credit Union Closes ​3/26/2012
The NCUA today liquidated Shepherd’s FCU of Charlotte, N.C. NCUA made the decision to liquidate Shepherd’s Federal Credit Union and discontinue operations after determining the credit union was insolvent.
Matz Opens Registration for Second “Listening Session” May 9 in Alexandria ​3/26/2012
NCUA Board Chairman Debbie Matz today opened registration for her second “Listening Session,” which will take place on May 9 from 1:00-4:00 p.m. at the Westin Alexandria just a short walk from NCUA’s Central Office.
Telesis Community Credit Union Under NCUA Conservatorship ​3/23/2012 ​ALEXANDRIA, Va. (March 23, 2012) – The California Department of Financial Institutions today placed Telesis Community Credit Union into conservatorship and immediately appointed the National Credit Union Administration (NCUA) as conservator.
Saguache County Member Accounts Purchased by Aventa Credit Union ​3/23/2012
The Colorado Division of Financial Services appointed the National Credit Union Administration (NCUA) as liquidating agent of Saguache County Credit Union of Moffat, Colo., on March 23, 2012.
​La Cooperativa de Ahorro y Crédito Aventa compra las cuentas de los socios de la Cooperativa de Ahorro y Crédito Saguache County ​3/23/2012
La división de servicios financieros de Colorado nombró a la Administración Nacional de Cooperativas de Ahorro y Crédito (NCUA) como agente de liquidación de la Cooperativa de Ahorro y Crédito Saguache County (Saguache County CU) de Moffat, CO.
NCUA Issues Prohibition Order - Mary Carmen Hartley ​3/23/2012
NCUA has issued an order prohibiting Mary Carmen Hartley from participating in the affairs of any federally insured financial institution.
Fryzel Urges Credit Unions to “Take the Moment” ​3/21/2012
Over 4,000 GAC attendees listened as NCUA Board Member Michael E. Fryzel urged them to do their part and seize the moment by using the credit union philosophy to bring America back to its tried and tested values of work, achievement, and helping others.
Hyland Speech Reviews “Promises Kept” ​3/20/2012
In a speech before more than 4,000 participants at the Credit Union National Association’s Governmental Affairs Conference, NCUA Board Member Gigi Hyland reflected here today on her path from a credit union advocate to a regulator.
Matz Hosting “Listening Sessions” to Hear from Credit Unions ​3/19/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced her plan to host “Listening Sessions” across America from May through July.
NCUA Settles Claims against HSBC ​3/12/2012
The NCUA and HSBC reached a settlement regarding potential claims relating to the sale of residential mortgage-backed securities to five failed wholesale credit unions.
Office of Small Credit Union Initiatives Posts Second Free Video ​3/7/2012
Small credit unions interested in accessing free consultants may now view the second video posted by the National Credit Union Administration’s (NCUA) Office of Small Credit Union Initiatives (OSCUI).
Check out MyCreditUnion.gov during National Consumer Protection Week ​3/5/2012
As National Consumer Protection Week kicks off, NCUA Board Chairman Debbie Matz encouraged credit unions and their members to tap into MyCreditUnion.gov, NCUA’s free consumer website.
NCUA Issues Prohibition Order ​3/5/2012
The NCUA has issued an order prohibiting Timothy T. Sidley from participating in the affairs of any federally insured financial institution.
NCUA Webinar with CFPB Director Cordray Now Available Online ​3/2/2012
The National Credit Union Administration (NCUA) announced today the availability on the agency’s website of the archived Feb. 8 webinar with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray.
​NCUA Unveils Free “CU Locator” App for iPhone and Android Users ​3/2/2012
The National Credit Union Administration (NCUA) announced today the availability of a free mobile application—CU Locator—for consumers.
Credit Unions Ended 2011 in a Safer and Stronger Position ​3/1/2012
Key financial measures for credit unions improved in the last quarter of 2011, according to Call Report data submitted by the nation’s 7,094 federally insured credit unions and compiled by the National Credit Union Administration.
Latest NCUA Video Available: February Economic Update ​2/22/2012
The National Credit Union Administration (NCUA) released the second video in the agency’s free “YouTube” economic update series today.
People for People CDCU Purchased by TruMark Financial Credit Union ​2/19/2012
The National Credit Union Administration (NCUA) announced the liquidation of People for People Community Development Credit Union (CDCU) of Philadelphia today.
A M Community Credit Union Placed under NCUA Conservatorship ​2/17/2012
The National Credit Union Administration (NCUA), working cooperatively with the Wisconsin Office of Credit Unions, today assumed control of service and operations at A M Community Credit Union headquartered in Kenosha, Wis.
Matz Encourages Credit Union Participation in America Saves and Military Saves Weeks ​2/16/2012
NCUA Board Chairman Debbie Matz today encouraged credit unions to step up and reach out to their members to encourage them to increase savings, especially by promoting automatic savings options.
NCUSIF Earns Clean Audit ​2/16/2012
NCUA released the 2011 audited financial reports for the agency’s four permanent funds. All four funds received unqualified or “clean” audit opinions, including the NCUSIF.
NCUA Board Cancels February Open Meeting ​2/9/2012
The National Credit Union Administration (NCUA) Board agreed this week to cancel the open meeting that had been scheduled for Feb. 16.
NCUA Revises 2012 Board Meeting Schedule ​2/2/2012
The National Credit Union Administration (NCUA) Board has revised the 2012 Board meeting schedule. The Board meeting initially scheduled for Thursday, Dec. 13 will now occur Thursday, Dec. 6, 2012.
​NCUA Testifies on Exam Reform Bill ​2/1/2012
NCUA Executive Director David Marquis testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit here today on H.R. 3461, the Financial Institutions Examination Fairness and Reform Act.
​NCUA Initiates Free Economic Update Series for Credit Unions on YouTube ​1/30/2012
The National Credit Union Administration (NCUA) today released on the agency’s official YouTube channel the first in a regular series of videos by Office of the Chief Economist (OCE).
NCUA Posts Regulations to be Reviewed in 2012 ​1/30/2012
The NCUA has posted a list of regulations to be reviewed in 2012, and the agency is now accepting public comments on the substance and wording of each rule
Eastern New York Federal Credit Union Purchased by USAlliance Federal Credit Union ​1/27/2012
The NCUA liquidated Eastern New York Federal Credit Union of Napanoch, N.Y today. USAlliance Federal Credit Union of Rye, N.Y. immediately assumed Eastern New York Federal Credit Union’s members, assets, loans and debts.
La NCUA presentó una actualizada y mejorada versión en español de la popular página web MyCreditunion.gov ​1/27/2012
La Administración Nacional de Cooperativas de Ahorro y Crédito (NCUA) esta semana presentó una versión actualizada y mejorada de la popular herramienta gratuita de recursos al consumidor en español, MyCreditUnion.gov.
NCUA Launches Updated Spanish MyCreditUnion.gov ​1/27/2012
The NCUA this week launched an updated and enhanced Spanish version of the popular, free consumer resource tool www.MyCreditUnion.gov.
NCUA Touts Earned Income Tax Credit ​1/27/2012
The NCUA is joining the Internal Revenue Service and other federal agencies to once again alert qualified tax payers and remind credit unions providing tax assistance services of the Earned Income Tax Credit (EITC).
NCUA Issues Prohibition Order ​1/26/2012
The National Credit Union Administration (NCUA) has issued an order prohibiting Harold M. Wilkerson II from participating in the affairs of any federally insured financial institution.
Financial Institution Regulators Issue FAQs on Interest Rate Risk Management ​1/12/2012
Financial Institution Regulators Issue FAQs on Interest Rate Risk Management
NCUA Issues Prohibition Order ​1/11/2012
NCUA has issued an order prohibiting Rizwaan Mohammed Ansari from participating in the affairs of any federally insured financial institution.
NCUA Chairman Matz to Host Free Webinar with CFPB Director Cordray ​1/11/2012
National Credit Union Administration (NCUA) Board Chairman Debbie Matz will host a free webinar with Richard Cordray, the first Presidentially appointed director of the Consumer Financial Protection Bureau (CFPB), on Wednesday, Feb. 8, at 3 p.m. EST.
NCUA Places People for People CDCU into Conservatorship ​1/6/2012
The National Credit Union Administration (NCUA) today assumed control of service and operations at People for People Community Development Credit Union (CDCU), a state-chartered, federally insured credit union, in Philadelphia.
NCUA Already Implementing GAO Recommendations on Credit Unions ​1/4/2012
The National Credit Union Administration (NCUA) supports the two recommendations contained in the Government Accountability Office (GAO) report on credit unions released today.
 
Prior News Menu

News and Press by Year

  2014 2013
2012 2011 2010
2009 2008 2007