Items recently posted to the NCUA web site http://www.ncua.gov/RSS/NCUAChanges.xml Mon, 18 May 2009 08:51:12 -0400 Fri, 9 Jan 2009 01:45:00 -0500 FeedForAll v2.0 (2.0.2.9) http://www.feedforall.com November 5, 2009, Alexandria, Va. – Following today’s meeting at the National Credit Union Administration between Chairman Debbie Matz, senior NCUA staff and 40 representatives from corporate credit unions, natural person credit unions and industry trade associations, Chairman Matz issued the following statement: http://www.ncua.gov/news/press_releases/2009/MA09-1105.htm Thur, 05 Nov 2009 10:00:00 -0500 November 4, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled “Member Business Lending: Regulators’ Perspective.” The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar is free and open to the public. http://www.ncua.gov/news/press_releases/2009/MA09-1104.htm Wed, 04 Nov 2009 10:10:00 -0500 November 2, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp). http://www.ncua.gov/news/press_releases/2009/MR09-1102.htm Mon, 02 Nov 2009 10:40:00 -0500 November 2, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled “Member Business Lending: Regulators’ Perspective.” The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar is free and open to the public. http://www.ncua.gov/news/press_releases/2009/MA09-1102.htm Mon, 02 Nov 2009 10:13:00 -0500 October 30, 2009 – The Federal Financial Institutions Examination Council (FFIEC) released a policy statement today supporting prudent commercial real estate (CRE) loan workouts. http://www.ncua.gov/news/press_releases/2009/FFIEC_PR_CRE_Workouts_10-30am.pdf Fri, 30 Oct 2009 12:00:00 -0500 October 29, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) was appointed liquidating agent of the Second Baptist Church Credit Union (Second Baptist Church) of Los Angeles by the California Department of Financial Institutions (DFI) on October 28, 2009. http://www.ncua.gov/news/press_releases/2009/MR09-1029.htm Thur, 29 Oct 2009 09:17:00 -0500 October 28, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member, Michael E. Fryzel recently visited the corporate offices of Lake Michigan Credit Union in Grand Rapids, Michigan http://www.ncua.gov/news/press_releases/2009/MA09-1028.htm Wed, 28 Oct 2009 15:40:00 -0500 NCUA Board Member Michael E. Fryzel recently met with Deputy Chief Financial Officer for the Department of Defense (DOD), Mark E. Easton, and President and CEO of the Defense Credit Union Council (DCUC), Arty Arteaga, at the Pentagon in Washington, D.C. http://www.ncua.gov/news/press_releases/2009/MA09-1027a.htm Tue, 27 Oct 2009 10:57:00 -0500 October 27, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled “Member Business Lending: Regulators’ Perspective.” The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar will be free and open to the public. http://www.ncua.gov/news/press_releases/2009/MA09-1027.htm Tue, 27 Oct 2009 10:48:00 -0500 http://www.ncua.gov/Resources/LettersCreditUnion.aspx Mon, 26 Oct 2009 12:08:00 -0500 http://www.ncua.gov/Resources/LettersCreditUnion.aspx Mon, 26 Oct 2009 12:07:00 -0500 October 26, 2009, Chandler, AZ. – NCUA Board Member Michael E. Fryzel, addressed the attendees of the 2009 Annual Meeting and Educational Conference of the Alliance of Credit Unions held on October 15, 2009 in Chandler, AZ. http://www.ncua.gov/news/press_releases/2009/MA09-1026.htm Mon, 26 Oct 2009 11:36:00 -0500 Alexandria, VA, October 23, 2009 - The National Credit Union Administration (NCUA) today assumed control of operations at First Delta Federal Credit Union of Marks, Mississippi. http://www.ncua.gov/news/press_releases/2009/MR09-1023.htm Fri, 23 Oct 2009 16:05:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-1022_results.aspx Thur, 22 Oct 2009 20:00:00 -0500 October 22, 2009 Alexandria, Va. – NCUA today concluded over a month of two-way interactive dialogue with the credit union community by hosting more than 900 participants at a “virtual” Town Hall webinar. http://www.ncua.gov/news/press_releases/2009/MA09-1022.htm Thur, 22 Oct 2009 19:00:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/DraftBoardActions/index.aspx Thur, 22 Oct 2009 09:12:00 -0500 October 20, 2009, Phoenix, AZ. – NCUA Board Member Michael E. Fryzel spoke at the Valley of the Sun Chapter of the Arizona Credit Union League’s dinner celebrating International Credit Union Day in Phoenix, AZ. http://www.ncua.gov/news/press_releases/2009/MA09-1020.htm Tues, 20 Oct 2009 17:14:00 -0500 October 19, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Debbie Matz today welcomed the launch of the new Financial Education and Counseling (FEC) Pilot Program, the newest offering of the U.S. http://www.ncua.gov/news/press_releases/2009/MA09-1019.htm Mon, 19 Oct 2009 10:40:00 -0500 October 16, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today scheduled a specially focused meeting on November 5 at 2 p.m. to discuss the status of corporate credit unions’ capital accounts and other issues related to corporate credit unions. http://www.ncua.gov/news/press_releases/2009/MR09-1016.htm Fri, 16 Oct 2009 11:10:00 -0500 October 15, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Thursday, October 22 at 3 p.m. The session is free and open to all interested parties. http://www.ncua.gov/news/press_releases/2009/MA09-1015.htm Thur, 15 Oct 2009 17:10:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-1022.aspx Thur, 15 Oct 2009 03:00:00 -0500 October 14, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today told the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions that stress in the financial sector has translated into challenging times, but she is confident that the credit union industry will weather the storm. http://www.ncua.gov/news/press_releases/2009/MA09-1014.htm Wed, 14 Oct 2009 02:30:00 -0500 October 13, 2009 Alexandria, Va. – Steve Bosack returns today to a second stint at NCUA, now serving as chief of staff to Chairman Debbie Matz. Bosack previously served as senior policy advisor to Matz during her first term on the NCUA Board. http://www.ncua.gov/news/press_releases/2009/MR09-1013.htm Tues, 13 Oct 2009 06:27:00 -0500 October 8, 2009, Alexandria, Va. – NCUA Region IV Director Keith Morton told a Minnesota state Senate panel that the state’s federal and state-chartered credit unions are “strongly regulated, remain healthy, and continue to meet consumer financial needs” despite the stresses in the financial marketplace. Morton’s remarks came at a Minnesota Senate Commerce Committee hearing on the state of the financial services industry in St. Paul October 6. http://www.ncua.gov/news/press_releases/2009/MA09-1008a.htm Thur, 08 Oct 2009 11:27:00 -0500 October 8, 2009, New York, NY. – Calling it a major highlight of his career, NCUA Board Member Michael E. Fryzel marched down 5th avenue in New York City with Mayor Michael Bloomberg to lead the 72nd Annual Casmir Pulaski Day Parade last weekend. http://www.ncua.gov/news/press_releases/2009/MA09-1008.htm Thur, 08 Oct 2009 10:56:00 -0500 October 7, 2009, Alexandria, Va. – The National Credit Union Administration is issuing the 2010 monthly Board meeting schedule. The NCUA Board generally meets during the third or fourth week of each month, except August, when no meeting is scheduled. http://www.ncua.gov/news/press_releases/2009/MR09-1007.htm Wed, 07 Oct 2009 08:00:00 -0500 October 5, 2009, Alexandria, Va. – Over 130 attendees gathered in San Diego, Calif., today to voice concerns and share thoughts and ideas about impending revisions to the corporate credit union regulation at Chairman Debbie Matz’s third Town Hall meeting, designed to garner input from industry stakeholders. http://www.ncua.gov/news/press_releases/2009/MA09-1006.htm Tues, 06 Oct 2009 08:31:00 -0500 October 5, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today applauded credit union participation in the Community Development Financial Institutions Fund (CDFI Fund)’s supplemental funding round. Eleven credit unions have received grant awards totaling $18 million under the CDFI Fund’s 2009 programs. In noting the awards, Chairman Matz encouraged broader credit union involvement in the currently open 2010 CDFI financial assistance program. http://www.ncua.gov/news/press_releases/2009/MA09-1005a.htm Mon, 05 Oct 2009 03:58:00 -0500 October 5, 2009, Alexandria, D.C. – NCUA Board Member Michael E. Fryzel recently welcomed United Nations Federal Credit Union President Michael J. Connery and Board Chairman Alan Potter to NCUA headquarters in Alexandria, Virginia. http://www.ncua.gov/news/press_releases/2009/MA09-1005.htm Mon, 05 Oct 2009 03:27:00 -0500 October 2, 2009, Alexandria, D.C. – NCUA Board Member Michael E. Fryzel was recently named Honorary Grand Marshall of the Pulaski Day Parade at the 72nd annual banquet held in honor of Polish General, Casmir Pulaski. The parade is set to take place on Sunday October 4, 2009. http://www.ncua.gov/news/press_releases/2009/MA09-1002.htm Fri, 02 Oct 2009 10:00:00 -0500 October 1, 2009, Alexandria, D.C. – National Credit Union Administration Board Member Michael E. Fryzel recently visited Great Lakes Credit Union in North Chicago, Illinois. http://www.ncua.gov/news/press_releases/2009/MA09-1001.htm Thur, 01 Oct 2009 11:10:00 -0500 October 1, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) announces today that Security Service Federal Credit Union, of San Antonio, Texas, has purchased the assets and assumed the member shares of liquidated West Texas Credit Union of El Paso, Texas. http://www.ncua.gov/news/press_releases/2009/MR09-1001.htm Thur, 01 Oct 2009 10:10:00 -0500 September 30, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today liquidated The Members’ Own Federal Credit Union of Victorville, California, and accepted Alaska USA Federal Credit Union’s offer to purchase and assume the credit union. http://www.ncua.gov/news/press_releases/2009/MR09-1001a.htm Thur, 01 Oct 2009 10:05:00 -0500 September 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today heard a wide variety of opinions and suggestions about new corporate credit union rules and other NCUA-related issues from over 160 participants at her second Town Hall Meeting. http://www.ncua.gov/news/press_releases/2009/MA09-0930.htm Wed, 30 Sep 2009 03:30:00 -0500 The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 8,388 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). http://www.ncua.gov/news/press_releases/2009/FFIEC_HMDA2008_datapressrelease.pdf Wed, 30 Sep 2009 01:30:00 -0500 September 29, 2009, Alexandria, Va. – A delegation of Illinois credit union officials traveled to Washington to attend the September 24, 2009 meeting of the NCUA Board as well as meet with their elected officials. http://www.ncua.gov/news/press_releases/2009/MA09-0929.htm Tues, 29 Sep 2009 10:06:00 -0500 September 28, 2009, Alexandria, D.C. –National Credit Union Administration Board Member Michael E. Fryzel, encouraged continued dialogue with NCUA as he welcomed representatives from the Minnesota Credit Union Network to NCUA headquarters in Alexandria. http://www.ncua.gov/news/press_releases/2009/MA09-0928.htm Mon, 28 Sep 2009 03:42:00 -0500 http://www.ncua.gov/Resources/LettersCreditUnion.aspx Mon, 28 Sep 2009 03:17:00 -0500 http://www.ncua.gov/Resources/LettersCreditUnion.aspx Mon, 28 Sep 2009 03:15:00 -0500 September 25, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today accepted appointment as liquidating agent of Clearstar Financial Credit Union, in Reno Nevada, following the Nevada Division of Financial Institution’s decision to close the credit union effective September 25, 2009. http://www.ncua.gov/news/press_releases/2009/MR09-0928.htm Mon, 28 Sep 2009 03:10:00 -0500 September 25, 2009, Alexandria, D.C. – NCUA today announced that the US Central Conservatorship Advisory Board voted to replace US Central Federal Credit Union Chief Executive Officer James Nance. http://www.ncua.gov/news/press_releases/2009/MR09-0925a.htm Fri, 25 Sep 2009 15:15:00 -0500 September 25, 2009, Alexandria, Va. – Noting the announcement of the Fiscal Year 2010 Community Development Financial Institution (CDFI) Program funding round, National Credit Union Administration (NCUA) Chairman Debbie Matz today encouraged broader credit union participation in the program as a way to expand service to low-income consumers. The application period commenced yesterday and closes November 18, 2009. http://www.ncua.gov/news/press_releases/2009/MR09-0925.htm Fri, 25 Sep 2009 12:20:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-0924_results.aspx Fri, 25 Sep 2009 09:35:00 -0500 Alexandria, VA, September 24, 2009- The National Credit Union Administration (NCUA) today assumed control of service and operations at Keys Federal Credit Union of Key West, Florida. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations. http://www.ncua.gov/news/press_releases/2009/MR09-0924a.htm Thur, 24 Sep 2009 15:00:00 -0500 September 24, 2009, Alexandria, D.C. – The Board of the National Credit Union Administration (NCUA) today named Scott Hunt Director of the Office of Corporate Credit Unions. Hunt had been Acting Special Assistant to the Acting Director of the corporate office since June, and prior to that Acting Director of the same office. http://www.ncua.gov/news/press_releases/2009/MR09-0924.htm Thur, 24 Sep 2009 14:42:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/DraftBoardActions/index.aspx Thur, 24 Sep 2009 08:12:00 -0500 September 23, 2009, Alexandria, D.C. –National Credit Union Administration Board Member Michael E. Fryzel, met yesterday with representatives from Affinity Federal Credit Union at NCUA headquarters in Alexandria. http://www.ncua.gov/news/press_releases/2009/MA09-0923.htm Wed, 23 Sep 2009 08:42:00 -0500 Alexandria, Va., September 22, 2009 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2009/MR09-0922b.htm Tues, 22 Sep 2009 14:42:00 -0500 September 22, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) today closed Comunidades Federal Credit Union of Los Angeles, California, and authorized the assumption of a majority of accounts by Water and Power Community Credit Union of Los Angeles, California. http://www.ncua.gov/news/press_releases/2009/MR09-0922.htm Tues, 22 Sep 2009 13:00:00 -0500 September 22, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has added an agenda item, “Revisions to Temporary Corporate Credit Union Liquidity Guarantee Program,” to the previously announced open meeting scheduled for Thursday, September 24, 2009, at 10 a.m. An additional “Supervisory Activity” item was also added to the closed agenda. http://www.ncua.gov/news/press_releases/2009/MA09-0922b.htm Tues, 22 Sep 2009 12:17:00 -0500 September 22, 2009, Alexandria, Va., – Board Member Gigi Hyland spoke today before the NAFCU Congressional Caucus in Washington, D.C., and strongly urged attendees to comment on the upcoming proposed corporate regulation, which she anticipates being issued before the end of the year. http://www.ncua.gov/news/press_releases/2009/MA09-0922a.htm Tues, 22 Sep 2009 11:47:00 -0500 September 22, 2009, Washington, D.C. – National Credit Union Administration Board Member Michael E. Fryzel called on credit unions to retool, reenergize, and rededicate themselves to their core mission, in anticipation of an improved economy, during his address at NAFCU’s Congressional Caucus in Washington, D.C. http://www.ncua.gov/news/press_releases/2009/MA09-0922.htm Tues, 22 Sep 2009 11:06:00 -0500 September 21, 2009, Alexandria, Va. -- National Credit Union Administration (NCUA) Chairman Debbie Matz today noted the credit union industry's resilience and commitment to cooperative principles in the midst of economically difficult times in her address to the National Association of Federal Credit Unions (NAFCU) Congressional Caucus in Washington, DC. http://www.ncua.gov/news/press_releases/2009/MA09-0921a.htm Mon, 21 Sep 2009 12:55:00 -0500 Alexandria, VA, September 21, 2009 – NCUA Board Member Gigi Hyland joined credit union leaders from around the country on September 16 to participate in celebrating the 75th Anniversary of CUNA on the YMCA camp grounds in Estes Park, Colo., the original site of CUNA's founding 75 years ago. http://www.ncua.gov/news/press_releases/2009/MA09-0921.htm Mon, 21 Sep 2009 09:42:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-0924.aspx Thur, 17 Sep 2009 16:00:00 -0500 September 16, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Debbie Matz yesterday led her first Town Hall Meeting as critical issues sparked extensive discussions regarding the future of the corporate network, upcoming Agency rulemaking, and credit union compliance with the recently-enacted Credit CARD Act. http://www.ncua.gov/news/press_releases/2009/MA09-0916.htm Wed, 16 Sep 2009 02:27:00 -0500 September 14, 2009, Alexandria, Va. – NCUA Chairman Deborah Matz issued the following statement today: http://www.ncua.gov/news/press_releases/2009/MA09-0914.htm Mon, 14 Sep 2009 11:52:00 -0500 September 11, 2009, Alexandria, Va. -- The National Credit Union Administration today welcomed the release of U.S. Central Federal Credit Union’s (USC) 2008 Audited Financial Statements as an important step forward that provides essential information about the condition of the institution and its ongoing conservatorship by NCUA. http://www.ncua.gov/news/press_releases/2009/MR09-0914a.htm Fri, 11 Sep 2009 17:24:00 -0500 Alexandria, VA, September 10, 2009 – Speaking at First Carolina Corporate Credit Union’s Financial Conference in Charlotte, North Carolina, Board Member Gigi Hyland indicated her belief that proposed revisions to NCUA’s corporate regulation, Part 704, would be issued by year-end. http://www.ncua.gov/news/press_releases/2009/MA09-0910a.htm Thur, 10 Sep 2009 12:24:00 -0500 September 10, 2009, Alexandria, Va. -- National Credit Union Administration Board Member Michael E. Fryzel welcomed representatives from FirstCorp Credit Union to NCUA headquarters yesterday. http://www.ncua.gov/news/press_releases/2009/MA09-0910.htm Thur, 10 Sep 2009 12:14:00 -0500 NCUA Town Hall Meeting Agenda Hosted by Chairman Debbie Matz September 15, 2009 -- Clayton, Missouri http://www.ncua.gov/news/press_releases/2009/MA09-0904.htm Fri, 4 Sep 2009 17:01:00 -0500 The National Credit Union Administration (NCUA) today was appointed liquidating agent of Kaiser Lakeside Credit Union (Kaiser Lakeside) of Oakland, California by the California Department of Financial Institutions (DFI). http://www.ncua.gov/news/press_releases/2009/MR09-0831.htm Mon, 31 Aug 2009 09:56:00 -0500 The National Credit Union Administration has obtained additional information about the situation initially described in NCUA's August 25, 2009 Fraud Alert. http://www.ncua.gov/news/press_releases/2009/MR09-0828d.htm Fri, 28 Aug 2009 16:17:00 -0500 In response to credit union concerns about compliance with new requirements under the Credit Card, Accountability, Responsibility, and Disclosure Act of 2009 (Credit CARD Act), NCUA Chairman Debbie Matz underscored the NCUA’s commitment to consumer protection and ensuring credit union compliance, while recognizing some credit unions may have technical difficulties and the need for examiners to work with credit unions on a case-by-case basis. http://www.ncua.gov/news/press_releases/2009/MR09-0828c.htm Fri, 28 Aug 2009 15:56:00 -0500 August 28, 2009, Alexandria, Va. – NCUA Chairman Deborah Matz today announced three NCUA Town Hall Meetings to discuss corporate credit unions and other credit union issues. http://www.ncua.gov/news/press_releases/2009/MR09-0828b.htm Fri, 28 Aug 2009 15:34:00 -0500 Alexandria, Va, August 28, 2009 – The National Credit Union Administration (NCUA) today liquidated Free Choice Federal Credit Union (Free Choice) in Feasterville, Pennsylvania. http://www.ncua.gov/news/press_releases/2009/MR09-0828a.htm Fri, 28 Aug 2009 14:09:00 -0500 Alexandria, Va, August 28, 2009 – Board Member Gigi Hyland spoke yesterday before a group of 150 federal agency community affairs professionals. The 2009 Interagency Community Affairs Conference was sponsored by the federal financial regulators including NCUA, FDIC, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Reserve. http://www.ncua.gov/news/press_releases/2009/MA09-0828.htm Fri, 28 Aug 2009 12:52:00 -0500 August 25, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) is alerting all federally insured credit unions about a fraudulent Letter to Credit Unions http://www.ncua.gov/news/press_releases/2009/MR09-0825a.htm Tues, 25 Aug 2009 17:08:00 -0500 Alexandria, Va., August 25, 2009 – Membership and member share accounts grew across the board during the first six months of 2009 as people continued to seek the financial security and services of credit unions according to call report data submitted by the nation’s 7,691 federally insured credit unions. http://www.ncua.gov/news/press_releases/2009/MR09-0825.htm Tues, 25 Aug 2009 12:38:00 -0500 August 24, 2009, Alexandria, Va. – Deborah Matz today became Chairman of the National Credit Union Administration. Matz was nominated by President Obama in May and was sworn in by NCUA General Counsel Robert Fenner during a private ceremony at the Agency’s offices in Alexandria, VA. Matz was joined by her husband, Marshall, and Agency staff. http://www.ncua.gov/news/press_releases/2009/MR09-0824.htm Mon, 24 Aug 2009 16:48:00 -0500 Alexandria, VA, August 20, 2009 – Speaking to participants at the National Association of State Credit Union Supervisors (NASCUS) State System Summit, Board Member Hyland noted, “Over the past four years, NCUA and state supervisors have built a strong, collaborative working relationship. The dialogue and communication must continue as we work through these difficult economic circumstances.” http://www.ncua.gov/news/press_releases/2009/MA09-0821.htm Fri, 21 Aug 2009 12:45:00 -0500 National Credit Union Administration Chairman Michael E. Fryzel encouraged continued leadership by defense credit unions yesterday http://www.ncua.gov/news/press_releases/2009/MA09-0819a.htm Wed, 19 Aug 2009 16:16:00 -0500 August 19, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) yesterday issued Regulatory Alert 09-RA-07 to all federally insured credit unions concerning Regulation Z amendments implementing provisions of the Credit Card Accountability Act designed to establish fair and transparent practices for open-end consumer credit plans, including credit cards. http://www.ncua.gov/news/press_releases/2009/MA09-0819.htm Wed, 19 Aug 2009 14:16:00 -0500 August 18, 2009, Alexandria, Va. – Deborah Matz will take the oath of office and become the eighth chairman of the National Credit Union Administration Monday, August 24, 2009, at 2 p.m. http://www.ncua.gov/news/press_releases/2009/MR09-0818.htm Tues, 18 Aug 2009 11:16:00 -0500 August 12, 2009, Alexandria, VA, -- The National Credit Union Administration (NCUA) yesterday closed Community One Federal Credit Union of Las Vegas, Nevada, and authorized the purchase and assumption (P&A) of its assets and shares by America First Federal Credit Union of Riverdale, Utah. http://www.ncua.gov/news/press_releases/2009/MR09-0812.htm Wed, 12 Aug 2009 12:04:00 -0500 Alexandria, VA, August 11, 2009 - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2009/MR09-0811.htm Tue, 11 Aug 2009 15:40:00 -0500 August 11, 2009, Alexandria, VA Board Member Gigi Hyland spoke on August 7th at the African-American Credit Union Coalition’s 11th Annual Conference and urged attendees to embrace the diversity of their memberships and strive for greater collaboration. http://www.ncua.gov/news/press_releases/2009/MA09-0811.htm Tue, 11 Aug 2009 14:40:00 -0500 August 10, 2009, Alexandria VA – National Credit Union Administration Chairman Michael E. Fryzel praised African American Credit Unions Friday during his address at the African American Credit Union Coalition’s (AACUC) 11th Annual Conference in Las Vegas, NV. http://www.ncua.gov/news/press_releases/2009/MA09-0810.htm Mon, 10 Aug 2009 02:33:00 -0500 August 7, 2009, Alexandria, VA – Normal operations continue without interruption at U.S. Central Federal Credit Union (U. S. Central) and Western Corporate Federal Credit Union (WesCorp). Both WesCorp and U.S. Central have been effective in managing the seasonal liquidity pressures that occur during this time of the year. http://www.ncua.gov/news/press_releases/2009/MR09-0807b.htm Fri, 07 Aug 2009 03:38:00 -0500 August 7, 2009 – I am honored and grateful for President Obama's nomination, and the Senate’s confirmation, to serve as Chairman of the Board of the National Credit Union Administration. http://www.ncua.gov/news/press_releases/2009/MA09-0807.htm Fri, 07 Aug 2009 03:28:00 -0500 Alexandria, Va., August 6, 2009 – NCUA Board nominee Deborah Matz was confirmed today by the U.S. Senate to a seat on the NCUA three-member Board. As the NCUA chairman designee, Debbie Matz she will be replacing Republican Michael E. Fryzel as chairman. His NCUA Board term expires August 2, 2013. http://www.ncua.gov/news/press_releases/2009/MA09-0807a.htm Fri, 07 Aug 2009 02:28:00 -0500 Alexandria, Va., August 6, 2009 -- The National Credit Union Administration (NCUA) will hold a webinar Monday, August 10, 2009, to provide background information about the Central Liquidity Facility’s (CLF) recent change to its investment policy and pending transfer of CLF stock ownership from U.S. Central FCU to other credit unions. http://www.ncua.gov/news/press_releases/2009/MR09-0806a.htm Thur, 06 Aug 2009 11:52:00 -0500 The Federal Financial Institutions Examination Council (FFIEC) members today issued the following statement on Support for Responsible Loss Mitigation Activities. The statement reiterates the FFIEC members’ continued support for responsible loss mitigation activities designed to preserve homeownership. This support extends to programs designed to achieve sustainable mortgage obligations regardless of lien position. http://www.ncua.gov/news/press_releases/2009/8-6FFIEC_ServicerObligations.pdf Thur, 06 Aug 2009 10:50:00 -0500 Alexandria, Va., August 5, 2009 -- National Credit Union Administration Chairman Michael E. Fryzel highlighted the importance of small credit unions to the rest of the credit union industry during his address yesterday at the Illinois Credit Union Leagues Small Asset Size Conference, in Naperville IL. http://www.ncua.gov/news/press_releases/2009/MA09-0805.htm Wed, 05 Aug 2009 09:20:00 -0500 July 31, 2009, Alexandria, Va, – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2009/MR09-0731a.htm Fri, 31 Jul 2009 14:04:00 -0500 July 31, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) today announces that, effective August 3, 2009, the Central Liquidity Facility (CLF) will transfer its funds from U.S. Central FCU (USC) to the U.S. Treasury and invest them in a laddered portfolio of U.S. Treasury securities. http://www.ncua.gov/news/press_releases/2009/7-31NCUAAnnouncesChangestoCLFInvestmentPolicy.pdf Fri, 31 Jul 2009 13:04:00 -0500 July 30, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel issued the following statement regarding the newly-introduced Kanjorski-Royce credit union member business lending bill. http://www.ncua.gov/news/press_releases/2009/7-30FryzelCommentsonKanjorski-Royce_Legislation.pdf Thur, 30 Jul 2009 01:16:00 -0500 Alexandria, Va., July 29, 2009 - NCUA Vice Chairman Rodney E. Hood was presented with an NCUA Gold Medal today at agency headquarters in Alexandria during a farewell reception held in his honor. Chairman Michael E. Fryzel presented Vice Chairman Hood with the medal, congratulating him on the excellent job done during his tenure. http://www.ncua.gov/news/press_releases/2009/MA09-0729.htm Wed, 29 Jul 2009 08:54:00 -0500 July 23, 2009, Alexandria, Va. – Former National Credit Union Administration (NCUA) Vice Chairman Elizabeth Flores Burkhart, 74, died today in Hawaii. http://www.ncua.gov/news/press_releases/2009/MR09-0723.htm Thu, 23 Jul 2009 16:00:00 -0500 July 23, 2009, Alexandria, Va. -- Board Member Gigi Hyland spoke today at NAFCU’s 42nd Annual Conference and urged attendees to return to their cooperative roots through greater collaboration. http://www.ncua.gov/news/press_releases/2009/MA09-0723b.htm Thu, 23 Jul 2009 12:11:00 -0500 July 23, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel urged continued involvement in the corporate rulemaking process during his address to the National Association Federal Credit Union’s 42nd Annual Conference and Exhibition yesterday at National Harbor, Maryland. http://www.ncua.gov/news/press_releases/2009/MA09-0723a.htm Thu, 23 Jul 2009 11:20:00 -0500 July 22, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) today assumed control of the operations of New Hope Community Development Federal Credit Union, a federally chartered and federally insured credit union headquartered in Birmingham, Alabama. http://www.ncua.gov/news/press_releases/2009/MR09-0722.htm Wed, 22 Jul 2009 01:22:00 -0500 http://www.ncua.gov/news/press_releases/2009\pressreleaseQA(6-10-09).pdf Tue, 21 Jul 2009 13:21:00 -0500 July, 17 2009 http://www.ncua.gov/Geninfo/BoardandAction/Calendars/board_calendar/ag09-0716_results.aspx Fri, 17 Jul 2009 10:14:00 -0500 July 16, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel emphasized the need for continued member commitment among credit unions during his address to the Michigan Credit Union League at their Annual Convention and Exposition last week in Traverse City, MI. http://www.ncua.gov/news/press_releases/2009/MA09-0716.htm Thu, 16 Jul 2009 02:25:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/DraftBoardActions/index.aspx Thur, 16 Jul 2009 09:34:00 -0500 July 14, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel last week toured TECH Credit Union in Crown Point, Indiana. http://www.ncua.gov/news/press_releases/2009/MA09-0714b.htm Tue, 14 Jul 2009 15:14:00 -0500 July 14, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has added an agenda item, “Revisions to Temporary Corporate Credit Union Liquidity Guarantee Program,” to the open meeting scheduled for Thursday, July 16, 2009, at 10 a.m. http://www.ncua.gov/news/press_releases/2009/MR09-0714.htm Tue, 14 Jul 2009 11:08:00 -0500 Alexandria, Va., July 13, 2009 -- The National Credit Union Administration (NCUA) today made public additional information pertaining to external corporate portfolio analysis http://www.ncua.gov/news/press_releases/2009/MA09-0713.htm Mon, 13 Jul 2009 14:35:00 -0500 July, 9 2009, http://www.ncua.gov/Geninfo/BoardandAction/Calendars/board_calendar/ag09-0716.aspx Thur, 9 Jul 2009 12:54:00 -0500 July 7, 2009, Alexandria, Va. -- "Reports out of California indicate relatively widespread credit union acceptance of state Registered Warrants,” Chairman Michael E. Fryzel said. http://www.ncua.gov/news/press_releases/2009/MA09-0707a.htm Tues, 7 Jul 2009 14:45:00 -0500 July 7, 2009, Alexandria, Va. – Under the delegated authority approved by the NCUA Board to implement the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) staff has begun utilizing the TCCUSF to cover expenses associated with NCUA’s corporate credit union stabilization efforts. http://www.ncua.gov/news/press_releases/2009/MA09-0707.htm Tue, 7 Jul 2009 14:17:00 -0500 July 6, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) accepted appointment as the liquidating agent of Watts United Credit Union of Los Angeles, California http://www.ncua.gov/news/press_releases/2009/MR09-0706.htm Mon, 6 Jul 2009 11:30:00 -0500 http://www.ncua.gov/news/press_releases/2009/FFIEC.pdf Wed, 1 Jul 2009 11:35:00 -0500 July 1, 2009, Alexandria, Va. -- While an interagency rule on unfair and deceptive acts and practices in connection with credit cards http://www.ncua.gov/news/press_releases/2009/MR09-0701.htm Wed, 1 Jul 2009 11:30:00 -0500 http://www.ncua.gov/news/press_releases/2009\FactAct312Release.pdf Wed, 1 Jul 2009 11:09:00 -0500 June 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel applauds the nine credit unions awarded $17,150,000 http://www.ncua.gov/news/press_releases/2009/MA09-0630a.htm Tues, 30 Jun 2009 01:45:00 -0500 June 30, 2009, Alexandria, Va. -- National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today announced that he will propose the creation of an NCUA Consumer Protection Office in the 2010 Agency Budget. http://www.ncua.gov/news/press_releases/2009/MA09-0630.htm Tues, 30 Jun 2009 01:43:00 -0500 June 30, 2009,Washington — The federal bank, thrift, and credit union regulatory agencies are seeking comment on the proposed Interagency Guidance on Funding and Liquidity Risk Management. http://www.ncua.gov/LiquidityPolicyStatementPressRelease5.pdf Tues, 30 Jun 2009 01:04:00 -0500 June 29, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Colorado Credit Union Real Estate Network (CUREN) in Denver, Colo., June 23, 2009. The event focused on promoting ideas and solutions that reinforce continuing mortgage lending opportunities for credit unions. Hood stressed that credit unions should seize this opportunity to engage in responsible mortgage lending, emphasizing the importance of pre- and post-purchase counseling as well as rent-to-own strategies that provide the financial education necessary to eventually sustain homeownership. http://www.ncua.gov/news/press_releases/2009/MA09-0629.htm Mon, 29 Jun 2009 10:15:00 -0500 June 26, 2009, Alexandria, VA –– “"Today is the actual 75th anniversary of the signing of the Federal Credit Union Act into law. While the temptation is to commemorate the formal, official, governmental aspects of the day, I prefer to give recognition and thanks to the millions of American consumers who have made the credit union industry a success. Credit unions are a valuable and durable vehicle through which members can save and invest in a cooperative environment. http://www.ncua.gov/news/press_releases/2009/MA09-0626a.htm Fri, 26 Jun 2009 10:15:00 -0500 June 25, 2009, Alexandria, VA –– A U.S House of Representatives Appropriation Subcommittee voted today to not place a cap and to maintain the Central Liquidity Facility (CLF) maximum, approximately $40 billion, borrowing authority through fiscal year 2010 to ensure NCUA has a source of funding available to meet liquidity needs. http://www.ncua.gov/news/press_releases/2009/MA09-0626.htm Fri, 26 Jun 2009 08:44:00 -0500 June 24, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) is merging Eastern Financial Florida Credit Union (Eastern Financial) of Miramar, Florida, into Space Coast Credit Union (Space Coast), headquartered in Melbourne, Florida. http://www.ncua.gov/news/press_releases/2009/MA09-0624.htm Wed, 24 Jun 2009 15:20:00 -0500 http://www.ncua.gov/Resources/CorporateCU/Files/CULetters/09-CU-14CorpStabilizationFundImplementation.pdf Tues, 23 Jun 2009 02:19:00 -0500 June 23, 2009, Alexandria, Va. – The National Credit Union Administration encourages credit unions to participate in tomorrow’s, June 24th webinar designed to provide details of Board actions taken in June that affect corporate stabilization and establishment of the temporary corporate stabilization fund and its impact on credit unions. Nearly 3,000 have already registered for the webinar that will include a corporate credit union update and also address participant questions. Webinar details follow. http://www.ncua.gov/news/press_releases/2009/MR09-0623.htm Tues, 23 Jun 2009 02:17:00 -0500 June 22, 2009, Alexandria, Va. –NCUA Chairman Michael E. Fryzel cited NCUA’s continued commitment to an improved corporate credit union system last week at the Florida Credit Union League’s Annual Convention in Orlando, FL. http://www.ncua.gov/news/press_releases/2009/MA09-0622.htm Mon, 22 Jun 2009 01:52:00 -0500 June 18, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) today accepted Alaska USA Federal Credit Union’s offer to purchase certain assets and assume the shares and certain liabilities of High Desert Federal Credit Union (High Desert) of Apple Valley, California. Alaska USA Federal Credit Union, headquartered in Anchorage, Alaska, will provide High Desert members with uninterrupted credit union service. http://www.ncua.gov/Geninfo/BoardandAction/Calendars/board_calendar/ag09-0618_results.aspx Thur, 18 Jun 2009 10:44:00 -0500 June 18, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) today accepted Alaska USA Federal Credit Union’s offer to purchase certain assets and assume the shares and certain liabilities of High Desert Federal Credit Union (High Desert) of Apple Valley, California. Alaska USA Federal Credit Union, headquartered in Anchorage, Alaska, will provide High Desert members with uninterrupted credit union service. http://www.ncua.gov/news/press_releases/2009/MR09-0618b.htm Thur, 18 Jun 2009 10:44:00 -0500 June 18, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel meet with executive staff of Pentagon Federal Credit Union Wednesday at the credit union’s headquarters in Alexandria Virginia. http://www.ncua.gov/news/press_releases/2009/MA09-0618a.htm Thur, 18 Jun 2009 09:58:00 -0500 June 18, 2009, Alexandria, Va. – The National Credit Union Administration will host a webcast Wednesday, June 24, 2009, to provide the credit union community with details of actions taken at the June 18th Board meeting related to corporate stabilization, establishment of a temporary corporate stabilization fund and its impact on credit unions, as well as an corporate credit union update. http://www.ncua.gov/news/press_releases/2009/MR09-0618.htm Thur, 18 Jun 2009 09:54:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/DraftBoardActions/index.aspx Thur, 18 Jun 2009 08:37:00 -0500 Alexandria, VA, June 17, 2009 – NCUA Board Member Gigi Hyland participated in a plenary panel session entitled “Financial Literacy and Progressive Public Policy and Regulation” at Operation HOPE’s Global Financial Literacy Summit held at THEARC in Anacostia, Washington, D.C. Also speaking were Valerie Jarrett, Senior Advisor and Assistant to President Obama, U.S. Federal Reserve Board Chairman Ben Bernanke, FDIC Chairman Sheila Bair, several members of the U.S. Senate and House of Representatives, along with other regulatory and industry leaders from around the country and abroad. http://www.ncua.gov/news/press_releases/2009/MA09-0617a.htm Wed, 17 Jun 2009 03:21:00 -0500 June 17, 2009, Alexandria, Va. -- Chairman Michael E. Fryzel attended the President’s statement at the White House announcing a Financial Regulatory Reform White Paper and issued the following statement: http://www.ncua.gov/news/press_releases/2009/MA09-0617.htm Wed, 17 Jun 2009 01:10:00 -0500 June 16, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel encouraged credit unions to take a active role in crafting corporate rule reform during his address to the North Carolina League Annual Meeting yesterday in Pinehurst, N.C. http://www.ncua.gov/news/press_releases/2009/MA09-0616.htm Tues, 16 Jun 2009 10:25:00 -0500 June 11, 2009, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with both Harvard University Employees Credit Union (HUECU) and Winthrop Federal Credit Union during his recent trip to Boston, Mass. http://www.ncua.gov/news/press_releases/2009/MA09-0611a.htm Mon, 15 Jun 2009 08:22:00 -0500 Alexandria, Va., June 10, 2009 – Sustainability, collaboration and change were the resounding themes of the 75th Anniversary Symposium hosted by NCUA Board Member Gigi Hyland. http://www.ncua.gov/news/press_releases/2009/MA09-0611.htm Thur, 11 Jun 2009 15:45:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-090618.aspx Thur, 11 Jun 2009 15:10:00 -0500 June 11, 2009 Six federal agencies issued a set of frequently asked questions (FAQs) today to help financial institutions, creditors, users of consumer reports, and issuers of credit cards and debit cards comply with federal regulations on identity theft and discrepancies in changes of address. http://www.ncua.gov/news/press_releases/2009/PressReleaseRedFlagsFINALFORRELEASE6-09-09.pdf Thur, 11 Jun 2009 8:37:00 -0500 June 10, 2009, Alexandria, Va. – Last week NCUA launched a summer transit bus advertisement campaign. The campaign, which began on June 1 and runs through August 31, advertises NCUA Share Insurance ads on local transit buses in nine major metropolitan areas in three states- Arizona, California, Florida, and the District of Columbia. http://www.ncua.gov/news/press_releases/2009/MA09-0610.htm Wed, 10 Jun 2009 11:23:00 -0500 June 9, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel commended New Jersey Credit Union League members for being proactive in serving their members, and enthusiastic and skillful in working with Congressional legislators during his presentation to the league June 4, 2009 in Township, New Jersey.  http://www.ncua.gov/news/press_releases/2009/MA09-0609.htm Tue, 9 Jun 2009 15:45:00 -0500 June 5, 2009, Alexandria, Va. – Information related to the PIMCO review of corporate credit unions available under the Freedom of Information Act (FOIA) has been posted under a link titled “Frequently Requested Records” on the FOIA section of NCUA’s website.   http://www.ncua.gov/news/press_releases/2009/MA09-0604a.htm Fri, 5 Jun 2009 15:35:00 -0500 Alexandria, VA, June 4, 2009 – The National Credit Union Administration has posted online a redacted version of a report prepared by the Pacific Investment Management Company LLC (PIMCO) on behalf of the NCUA.   http://www.ncua.gov/news/press_releases/2009/MA09-0604.htm Fri, 5 Jun 2009 07:23:00 -0500 June 2, 2009, Alexandria, VA – “I would like to congratulate Debbie Matz on her nomination yesterday to the NCUA Board; I believe she will serve the agency very well and be a strong Chairman representing the best interests of America’s credit unions  http://www.ncua.gov/news/press_releases/2009/MA09-0602a.htm Tues, 2 Jun 2009 15:00:00 -0500 President Barack Obama nominated Deborah Matz to be a member of the NCUA Board yesterday. The President had previously announced an intent to nominate Ms. Matz, and name her Chair, on May 21, and sent the official nomination to the U.S. Senate yesterday, June 1. No timetable has been set for Senate consideration of the nomination.  http://www.ncua.gov/news/press_releases/2009/MA09-0602.htm Tues, 2 Jun 2009 11:55:00 -0500 Alexandria, Va., June 1, 2009 –Registration for the 75th Anniversary Symposium will close on Wednesday June 3 at 4:00 PM. A select number of registration spots have been left open for registration by the deadline.  http://www.ncua.gov/news/press_releases/2009/MR09-0601.htm Mon, 1 Jun 2009 16:11:00 -0500 June 1, 2009 Federal Agencies Propose Rule to Implement S.A.F.E. Act Mortgage Loan Originator Registration Requirements  http://www.ncua.gov/news/press_releases/2009/5-29 Safe Act.pdf Mon, 1 Jun 2009 16:00:00 -0500 June 1, 2009, Alexandria, Va. –National Credit Union Administration Chairman Michael E. Fryzel praised credit union volunteers and pointed out their key role in the future of the credit union system during a speech to the National Association of Federal Credit Unions’ 28th Annual Volunteers Meeting in Portland, Oregon last Friday.  http://www.ncua.gov/news/press_releases/2009/MA09-0601.htm Mon, 1 Jun 2009 12:01:00 -0500 The National Credit Union Administration is celebrating the 75th Anniversary of the Federal Credit Union Act in June 2009 with a special event on Capitol Hill, and you are invited. The Honorable Congressman Paul Kanjorski will Keynote and John Hope Bryant, founder and CEO of Operation HOPE, Inc. and vice chairman of the U.S. President's Advisory Council on Financial Literacy will be the luncheon speaker. http://www.ncua.gov/news/press_releases/2009/MA09-0529a.htm Fri, 29 May 2009 12:07:00 -0500 May 29, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central and WesCorp. http://www.ncua.gov/news/press_releases/2009/MA09-0529.htm Fri, 29 May 2009 11:39:00 -0500 May 28, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel yesterday toured State Farm Federal Credit Union in Bloomington, Illinois.  http://www.ncua.gov/news/press_releases/2009/MA09-0528a.htm Thur, 28 May 2009 15:45:00 -0500 Alexandria, Va., May 27, 2009 – Members continue to seek the safe haven of federally insured credit unions, as member share accounts grew across the board by annualized double digits in the first quarter of 2009, while loan growth contracted according to the call report data submitted by the nation’s 7,749 federally insured credit unions.  http://www.ncua.gov/news/press_releases/2009/MA09-0528.htm Thur, 28 May 2009 2:00:00 -0500 May 26, 2009, Alexandria, Va. – The Helping Families Save Their Homes Act of 2009, signed into law May 20, 2009, includes a provision extending $250,000 share insurance coverage provided by the National Credit Union Share Insurance Fund through December 31, 2013. http://www.ncua.gov/news/press_releases/2009/MR09-0526.htm Tue, 26 May 2009 16:30:00 -0500 http://www.ncua.gov/letters/2009/CU/LTCUs%2009-CU-PIC%205-21%20(FINAL).pdf Fri, 22 May 2009 15:00:00 -0500 May 22, 2009, Alexandria, Va. – Chairman Michael Fryzel stated “On Wednesday May 20, 2009, the President signed NCUA’s Corporate Stabilization Fund into law." http://www.ncua.gov/news/press_releases/2009/MA09-0522b.htm Fri, 22 May 2009 11:20:00 -0500 May 22, 2009, Alexandria, Va. -“I commend President Obama’s intent to nominate Debbie Matz as NCUA Chairman. I’ve had the honor of working with Debbie when she previously served on the NCUA Board and I look forward to working collaboratively with her as a colleague.” http://www.ncua.gov/news/press_releases/2009/MA09-0522a.htm Fri, 22 May 2009 09:39:00 -0500 May 22, 2009, Alexandria, Va. - President Barack Obama last night nominated Deborah Matz to the Chair of the National Credit Union Administration. Ms. Matz had previously served on the NCUA Board from March 2002 until September 2005. http://www.ncua.gov/news/press_releases/2009/MA09-0522.htm Fri, 22 May 2009 08:56:00 -0500 May 21, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) Board today modified the terms of the Temporary Corporate Credit Union Liquidity Guarantee Program (TCCULGP). TCCULGP provides an NCUSIF guarantee of principal and interest for debt issued under the program http://www.ncua.gov/news/press_releases/2009/MA09-0521b.htm Thur, 21 May 2009 15:30:00 -0500 May 21, 2009, Alexandria, Va. -- “In many ways, yesterday’s events marked the culmination of a very difficult chapter in NCUA’s efforts to resolve the difficulties facing corporate credit unions, and the credit union industry as a whole. The President signed NCUA’s Corporate Stabilization Plan into law, and in doing so provides a responsible and pragmatic mechanism for credit unions to maintain a strong federal insurance fund in a financially manageable manner. The Congressional interest demonstrated at the House Financial Institutions Subcommittee hearing was a further indication of the importance Congress has placed on the NCUA and the industry joining together to find workable solutions, just as past Congressional actions such as the raising of the CLF borrowing authority showed real commitment to proactivity and contingency-oriented policies. http://www.ncua.gov/news/press_releases/2009/MA09-0521.htm Thur, 21 May 2009 15:20:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Reports/BAB09-0521.pdf Thu, 21 May 2009 15:05:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/DraftBoardActions/index.aspx Thu, 21 May 2009 08:55:00 -0500 May 20, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel told the House Financial Services Subcommittee on Financial Institutions and Consumer Credit today he supports H.R. 2351, The Credit Union Share Insurance Stabilization Act, noting it “represents a real solution to the problem.” http://www.ncua.gov/news/press_releases/2009/MA09-0520.htm Wed, 20 May 2009 13:50:00 -0500 May 19, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel statement on House and Senate passage of S.896, Helping Families Save Their Homes Act of 2009. http://www.ncua.gov/news/press_releases/2009/MA09-0519.htm Tues, 19 May 2009 09:05:00 -0500 May 18, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Michael E Fryzel will testify at a hearing before the House Subcommittee on Financial Institutions and Consumer Credit on H.R. 2351, The Credit Union Share Insurance Stabilization Act at 2 p.m. Wednesday, May 20, 2009, in room 2128 of the Rayburn House Office Building. http://www.ncua.gov/news/press_releases/2009/MA09-0518.htm Tue, 19 May 2009 07:41:00 -0500 May 18, 2009, Alexandria, Va. -- The National Credit Union Administration is debuting an updated and enhanced website on May 20, 2009, that will provide users with easier access to agency information and data. http://www.ncua.gov/news/press_releases/2009/MR09-0518a.htm Mon, 18 May 2009 16:28:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-0521.aspx Mon, 18 May 2009 11:40:00 -0500 May 15, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) was appointed liquidating agent of Rouge Employees Credit Union in Dearborn by the Michigan Office of Financial & Insurance Regulation on May 15, 2009. Effective May 18, 2009, Rouge Employees Credit Union members will be served by Chief Financial Federal Credit Union (formerly Chief Pontiac Federal Credit Union) of Pontiac, Michigan. http://www.ncua.gov/news/press_releases/2009/MR09-0515.htm Fri, 15 May 2009 11:14:00 -0500 May 8, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp). http://www.ncua.gov/news/press_releases/2009/MA09-0515.htm Fri, 15 May 2009 11:14:00 -0500 May 14, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel yesterday visited the Library of Congress Federal Credit Union on Capitol Hill in Washington, D.C., to recognize the credit union and its contribution to the community. http://www.ncua.gov/news/press_releases/2009/MA09-0514b.htm Thu, 14 May 2009 14:40:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-0521.aspx Thu, 14 May 2009 14:40:00 -0500 May 14, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel encouraged broader credit union participation in Community Development Financial Institutions Fund (CDFI Fund) programs as part of his overall review of the Obama Administration’s Fiscal Year 2010 Budget. http://www.ncua.gov/news/press_releases/2009/MA09-0514.htm Thu, 14 May 2009 13:40:00 -0500 May 13, 2009, Alexandria, Va. – "This initiative by Chairman Kanjorski, Chairman Gutierrez, Congressman Royce, Congressman Scott and Congressman LaTourette moves the NCUA and the credit union industry another step closer to creating a real and pragmatic solution to the corporate credit union situation. http://www.ncua.gov/news/press_releases/2009/MA09-0513.htm Wed, 13 May 2009 01:14:00 -0500 May 8, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the National Association of Credit Union Service Organizations (NACUSO) Annual Meeting. This year’s meeting focused on credit union sustainability through collaborative efforts and multi-owned CUSO’s which provide additional resources and expertise, spread the risk and capital investment of business ventures, and ultimately direct more value back to credit union members. http://www.ncua.gov/news/press_releases/2009/MA09-0508a.htm Fri, 8 May 2009 12:45:00 -0500 May 8, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp). The following items are of note: http://www.ncua.gov/news/press_releases/2009/MA09-0508.htm Fri, 8 May 2009 12:32:00 -0500 Alexandria, Va., May 6, 2009 – National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that Representative Paul Kanjorski will provide the keynote address at the Symposium marking the 75th Anniversary of the Federal Credit Union Act. Representative Kanjorski, currently Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, has a long, distinguished history as an expert and leader in Congress on credit union issues. http://www.ncua.gov/news/press_releases/2009/MA09-0507a.htm Thu, 7 May 2009 15:33:00 -0500 May 7, 2009, Alexandria, Va. – NCUA Chairman Michael E. Fryzel today issued the following statement in response to FDIC Chairman Sheila Bair’s testimony yesterday regarding Congressional creation of a systemic risk council. http://www.ncua.gov/news/press_releases/2009/MA09-0507.htm Thu, 7 May 2009 12:58:00 -0500 May 6, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel’s statement: http://www.ncua.gov/news/press_releases/2009/MA09-0506.htm Wed, 6 May 2009 16:35:00 -0500 May 4, 2009, Alexandria, Va. –NCUA Chairman Michael E. Fryzel outlined a broad set of priorities related to the continuing Agency efforts to resolve the difficulties facing the corporate credit union system during remarks to nearly 150 credit union officials at the Illinois Credit Union System’s Governmental Affairs and Legislative Day in Springfield, IL. http://www.ncua.gov/news/press_releases/2009/MA09-0504.htm Mon, 4 May 2009 11:54:00 -0500 May 1, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp). http://www.ncua.gov/news/press_releases/2009/MA09-0501.htm Fri, 1 May 2009 11:56:00 -0500 April 30, 2009, Alexandria, Va.– National Credit Union Administration Chairman Michael E. Fryzel commemorated Financial Literacy Month by encouraging a broader and more extensive role for credit unions in the improvement of the Nation’s financial know-how.  http://www.ncua.gov/news/press_releases/2009/MA09-0430.htm Thu, 30 Apr 2009 08:42:00 -0500 Alexandria, Va., April 29, 2009 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2009/MA09-0429.htm Wed, 29 Apr 2009 04:08:00 -0500 April 28, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel welcomed representatives from the Credit Union Association of New York and member credit unions to Washington last week. The league was visiting the Washington DC area to meet with their congressional delegation and discuss legislative and regulatory issues. http://www.ncua.gov/news/press_releases/2009/MA09-0428.htm Tue, 28 Apr 2009 11:34:00 -0500 April 27, 2009, Alexandria, Va. – NCUA Chairman Michael E. Fryzel reiterated the importance of industry and NCUA activism, and described ongoing Agency efforts to stabilize the corporate credit union system during his address to the Ohio Credit Union League’s Annual Meeting in Cleveland, OH. http://www.ncua.gov/news/press_releases/2009/MA09-0427.htm Mon, 27 Apr 2009 02:29:00 -0500 24 de abril del 2009, Alexandria, Va. – El día de hoy la Administración Nacional de Cooperativas de Ahorro y Crédito (NCUA) asumió el control de las operaciones de la Cooperativa de Ahorro y Crédito Eastern Financial Florida, una cooperativa con licencia de funcionamiento del Estado de la Florida con seguro de depósitos del Gobierno Federal con oficinas centrales en Miramar, Florida. http://www.ncua.gov/news/press_releases/2009/SpanishPR-4-24EFFCUPlacedintoConservatorship(2).pdf Fri, 24 Apr 2009 14:10:00 -0500 April 24, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) today assumed control of the operations of Eastern Financial Florida Credit Union, a state-chartered, federally insured credit union headquartered in Miramar, Florida. http://www.ncua.gov/news/press_releases/2009/MR09-0424a.htm Fri, 24 Apr 2009 14:10:00 -0500 April 24, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Board this week took actions to ensure corporate credit unions are able to continue providing services to members and to enhance the Temporary Corporate Credit Union Share Guarantee Program. http://www.ncua.gov/news/press_releases/2009/MA09-0424.htm Fri, 24 Apr 2009 09:46:00 -0500 The Federal Reserve Board, the Office of Thrift Supervision, and the National Credit Union Administration today proposed clarifications to aspects of their December 2008 final rules under the Federal Trade Commission Act (FTC Act) prohibiting certain unfair credit card practices. The Federal Reserve Board also proposed clarifications to its December 2008 final rule under the Truth in Lending Act (TILA) amending Regulation Z to improve the disclosures consumers receive in connection with credit card accounts and other revolving credit plans. http://www.ncua.gov/news/press_releases/2009/4-21-09JointAgencyReleaseCreditCardRules.pdf Wed, 22 Apr 2009 10:12:00 -0500 April 21, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Board today modified the terms of the Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) to extend the program to accommodate a 2-year rolling expiration date and provide the option of quarterly extensions through December 2012. If the option to extend each quarter is fully utilized, the final guarantee would expire December 31, 2014. http://www.ncua.gov/news/press_releases/2009/MA09-0421.htm Tue, 21 Apr 2009 15:44:00 -0500 http://www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-0421_results.aspx Tue, 21 Apr 2009 15:10:00 -0500 http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Tue, 21 Apr 2009 08:46:00 -0500 April 17, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) has revised the April 21, 2009, Board meeting agenda. The NCUA Board unanimously voted to delete items 1 and 2, from the previously announced open meeting agenda – http://www.ncua.gov/news/press_releases/2009/MR09-0417.htm Fri, 17 Apr 2009 03:30:00 -0500 April 17, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued a summary of the Pacific Investment Management Company LLC (PIMCO) analysis of residential mortgage backed securities held by corporate credit unions. The summary is available online at http://www.ncua.gov/CorporateStabilizationProgram.html. http://www.ncua.gov/news/press_releases/2009/MA09-0416.htm Thu, 16 Apr 2009 11:52:00 -0500 April 15, 2009, Alexandria, Va. – In his first public speech since the conservatorship of two corporate credit unions in March, NCUA Chairman Michael E. Fryzel called on credit unions to gain legislative support for the NCUA plan to replenish the National Credit Union Share Insurance Fund (NCUSIF) and described the ongoing efforts by the Agency to stabilize and improve the corporate network. Chairman Fryzel sounded the note of determination and forward-looking optimism during his address to the Texas Credit Union League’s 75th Annual Meeting in Austin. http://www.ncua.gov/news/press_releases/2009/MA09-0415.htm Wed, 15 Apr 2009 03:00:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0421.htm Tue, 14 Apr 2009 14:40:00 -0500 April 10, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued a summary of the agency’s analysis of the distressed securities held by U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp). The summary is available online at http://www.ncua.gov/CorporateStabilizationProgram.html. http://www.ncua.gov/news/press_releases/2009/MA09-0410.htm Fri, 10 Apr 2009 10:28:00 -0500 April 7, 2009, Alexandria, VA – The comment period closed yesterday on the National Credit Union Administration (NCUA) advance notice of proposed rulemaking (ANPR) concerning corporate credit union regulation, and approximately 450 comments have been received. http://www.ncua.gov/news/press_releases/2009/MA09-0407.htm Tue, 7 Apr 2009 12:11:00 -0500 April 3, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel continued his advocacy for the NCUA Board-approved Corporate Stabilization Plan this week, as he visited several key lawmakers and pressed the case for legislation that would implement the proposal. http://www.ncua.gov/news/press_releases/2009/MA09-0403b.htm Mon, 6 Apr 2009 09:02:00 -0500 http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2009Letters.htm Fri, 3 Apr 2009 09:35:00 -0500 April 2, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued new Frequently Asked Questions Regarding Corporate Stabilization (FAQs) and Accounting Bulletin No. 09-2 to provide the latest information pertaining to proposed legislative solutions to corporate stabilization efforts and related financial reporting implications. http://www.ncua.gov/news/press_releases/2009/MA09-0402a.htm Thu, 2 Apr 2009 12:35:00 -0500 April 2, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood yesterday addressed the American Credit Union Mortgage Association (ACUMA) Spring Conference in San Francisco, Calif. The event focused on promoting ideas and solutions that would reinforce continuing mortgage lending opportunities for credit unions. Hood stressed that credit unions should seize this opportunity to engage in responsible mortgage lending, emphasizing the importance of pre- and post-purchase counseling as well as rent-to-own strategies that provide the financial education necessary to eventually sustain homeownership. http://www.ncua.gov/news/press_releases/2009/MA09-0402.htm Thu, 2 Apr 2009 12:08:00 -0500 Alexandria, Va., April 1, 2009 – National Credit Union Administration (NCUA) Board Member Gigi Hyland spoke with 60 credit union volunteers attending the CUNA Roundtable for Board Leadership in Henderson, Nev., March 30, 2009, and she urged them to communicate with their colleagues about issues pertaining to NCUA’s Corporate Stabilization Plan. Hyland acknowledged that “while I urge credit unions to be transparent to their members, I expect the NCUA to also be as transparent as possible. That is why I am here—to tell you as much as I can about what the agency is doing and to answer your many legitimate questions about these actions.” http://www.ncua.gov/news/press_releases/2009/MA09-0401.htm Wed, 1 Apr 2009 15:24:00 -0500 Alexandria, Va., March 30, 2009 -- The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe weather and flooding in North Dakota and Minnesota. http://www.ncua.gov/news/press_releases/2009/MR09-0330a.htm Mon, 30 Mar 2009 14:11:00 -0500 March 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman, Michael E. Fryzel last week highlighted the importance of an early start on financial education during a tour of a Virginia high school student-run branch http://www.ncua.gov/news/press_releases/2009/MR09-0330.htm Mon, 30 Mar 2009 12:55:00 -0500 March 23, 2008, Alexandria, Va. -- “Events continue to move swiftly, and I have directed NCUA staff to explore two new avenues to augment NCUA’s Corporate Stabilization efforts. First, we have held preliminary discussions with Congress regarding the creation of a Corporate Stabilization mechanism, as an adjunct to the National Credit Union Share Insurance Fund (NCUSIF). This new mechanism would replenish the NCUSIF through an arrangement with the Treasury Department, while providing additional flexibility for credit unions to make their required contributions over a period of time. Specific details of the proposal will be available pending the Board’s review and decision at Thursday’s Board Meeting.  http://www.ncua.gov/news/press_releases/2009/MA09-0323.htm Mon, 23 Mar 2009 13:44:00 -0500 March 23, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for Thursday, March 26, 2009.  http://www.ncua.gov/news/press_releases/2009/MR09-0323.htm Mon, 23 Mar 2009 11:33:00 -0500 March 20, 2009, Alexandria, VA – The National Credit Union Administration Board today placed U.S. Central Federal Credit Union, Lenexa, Kansas, and Western Corporate (WesCorp) Federal Credit Union, San Dimas, California, into conservatorship to stabilize the corporate credit union system and resolve balance sheet issues. These actions are the latest NCUA efforts to assist the corporate credit union network under the Corporate Stabilization Plan. http://www.ncua.gov/news/press_releases/2009/MR09-0320.htm Fri, 20 Mar 2009 19:00:00 -0500 March 20, 2009, Alexandria, VA – – The National Credit Union Administration will host a webcast Monday, March 23, 2009, to provide the credit union community with an update on the corporate credit union stabilization program. http://www.ncua.gov/news/press_releases/2009/MR09-0320a.htm Fri, 20 Mar 2009 19:00:00 -0500 March 20, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Members Health Network 1st Annual Credit Union HSA Roundtable at Allegacy Federal Credit Union, one of the nation’s top 100 credit unions in assets, located in Winston-Salem, NC. The event gathered credit union leaders in an effort to provide a forum to discuss what is working, what challenges remain and what the future looks like for credit union leadership in the emerging HSA market. The event focused specifically on the unique opportunities facing credit unions to expand member services while advancing business development through HSA programs. http://www.ncua.gov/news/press_releases/2009/MA09-0320.htm Fri, 20 Mar 2009 16:00:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0319_results.htm Fri, 20 Mar 2009 03:32:00 -0500 March 19, 2009, Alexandria, Va. – National Credit Union Administration Associate General Counsel Sheila Albin testified today before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit addressing legislation designed to aid consumers: “H.R. 627, the Credit Cardholders’ Bill of Rights Act of 2009; and H.R 1456, the Consumer Overdraft Protection Fair Practices Act of 2009. http://www.ncua.gov/news/press_releases/2009/MR09-0319a.htm Thu, 19 Mar 2009 14:43:00 -0500 March 19, 2009, Alexandria, Va. -- National Credit Union Administration Executive Director David M. Marquis testified today before the Senate Banking, Housing, and Urban Affairs Committee on deposit insurance issues – making $250,000 insurance protection permanent; extending NCUSIF replenishment to 5 years; increasing the NCUSIF borrowing authority; and providing systemic risk authority to NCUA. http://www.ncua.gov/news/press_releases/2009/MR09-0319.htm Thu, 19 Mar 2009 13:54:00 -0500 March 19, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today underscored the public policy benefits of a distinct federal credit union regulatory and insurance entity in testimony before the Senate Banking Committee while calling for an improved federal regulatory standard setting authority. http://www.ncua.gov/news/press_releases/2009/MA09-0319.htm Thu, 19 Mar 2009 10:33:00 -0500 http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 19 Mar 2009 10:17:00 -0500 March 18, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for the Symposium marking the 75th Anniversary of the Federal Credit Union Act. The program will be held June 9 and 10, 2009, at the Hyatt Regency Washington D.C. on Capitol Hill. http://www.ncua.gov/news/press_releases/2009/MA09-0318.htm Wed, 18 Mar 2009 02:01:00 -0500 March 18, 2009 Alexandria, Va. – Former National Credit Union Administration (NCUA) Chairman Edgar F. Callahan passed away today in Sacramento, California, following a long illness. http://www.ncua.gov/news/press_releases/2009/MR09-0318b.htm Wed, 18 Mar 2009 13:18:00 -0500 March 18, 2009, Alexandria, Va. – The National Credit Union Administration is scheduled to testify before three House and Senate Committees tomorrow, March 19, 2009, on Capitol Hill. http://www.ncua.gov/news/press_releases/2009/MR09-0318a.htm Wed, 18 Mar 2009 13:05:00 -0500 http://www.ncua.gov/news/press_releases/2009/MR09-0318.htm Wed, 18 Mar 2009 12:28:00 -0500 March 16, 2009, Alexandria, Va. -- The National Credit Union Administration is providing the attached letter explaining details of recent actions taken to stabilize the corporate credit union system. The communication, intended for use by credit unions with their members, also explains how stabilization efforts may affect federally insured credit unions. http://www.ncua.gov/news/press_releases/2009/MR09-0316.htm Mon, 16 Mar 2009 01:59:00 -0500 March 12, 2009, Alexandria, VA ––“I am gratified that President Obama and the Congress have continued to provide NCUA with the latitude to deal with ongoing difficulties in the corporate credit union sector. The removal of the Central Liquidity Facility lending cap through September means that stabilization efforts will remain in place, and credit unions will be able to step forward to assist the corporate network at this crucial juncture.”  http://www.ncua.gov/news/press_releases/2009/MA09-0312.htm Thu, 12 Mar 2009 14:45:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0319.htm Thu, 12 Mar 2009 14:32:00 -0500 March 11, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel addressed this week’s annual NCUA/NASCUS National Regulators Conference in Chicago, Ill, March 9, 2009. http://www.ncua.gov/news/press_releases/2009/MA09-0311.htm Wed, 11 Mar 2009 01:57:00 -0500 March 10, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood toured local credit unions in Omaha, NE while in town to deliver the keynote address at the Omaha Chapter Meeting. Before attending the Chapter Meeting, Hood took the time to tour four local credit unions: Gallup Federal Credit Union, Strategic Air Command (SAC) Federal Credit Union, Omaha Federal Credit Union, and Omaha Police Federal Credit Union. http://www.ncua.gov/news/press_releases/2009/MA09-0310a.htm Tue, 10 Mar 2009 16:12:00 -0500 lexandria, Va. March 10, 2009 -- The National Credit Union Administration today is releasing a summary of the PricewaterhouseCoopers LLP (PwC) report, with recommendations for stabilization and improvement of the corporate credit union system. http://www.ncua.gov/news/press_releases/2009/MA09-0310.htm Tue, 10 Mar 2009 15:57:00 -0500 March 9, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel and Board Member Gigi Hyland welcomed 11 Washington Credit Union League representatives to Alexandria recently, and encouraged continued activism and involvement in the governmental affairs process. http://www.ncua.gov/news/press_releases/2009/MA09-0309.htm Mon, 9 Mar 2009 02:01:00 -0500 March 6, 2009, Alexandria, Va. – The National Credit Union Administration is pleased to report that the Credit Union System Investment Program (CU SIP) has been extremely successful in the initial corporate stabilization phase due to the high level of support from natural person credit unions. http://www.ncua.gov/news/press_releases/2009/MR09-0306.htm Fri, 6 Mar 2009 10:32:00 -0500 March 6, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood today addressed the NCUA Office of Small Credit Union Initiatives Workshop in Richmond, VA. With the new programs implemented within the credit union industry in order to deal with the current economic crisis facing all financial institutions, Mr. Hood took this opportunity to discuss the most recent developments with leaders from small credit unions across Virginia. NCUA, in conjunction with the other federal financial regulatory agencies, issued a statement of support for the recently approved legislation dealing with distressed mortgages. The Vice Chairman reiterated the fact that NCUA encourages credit unions that service or hold residential mortgage loans to participate in the “Making Home Affordable” Loan Modification Program. The goal of this program is to promote sustainable loan modification for at-risk homeowners. http://www.ncua.gov/news/press_releases/2009/MA09-0306.htm Fri, 6 Mar 2009 10:12:00 -0500 March 5, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today announced changes to the March 31, 2009, Call Report designed to better enable credit unions to provide a more accurate picture of expenses related to the recent NCUA Corporate Stabilization Program. http://www.ncua.gov/news/press_releases/2009/JR09-0304.pdf Fri, 6 Mar 2009 09:36:00 -0500 March 4, 2009, The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to participate in the “Making Home Affordable” loan modification program. Guidelines for the program were announced today by the Treasury Department.  http://www.ncua.gov/news/press_releases/2009/JR09-0304.pdf Thu, 5 Mar 2009 09:14:00 -0500 March 4, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the North Carolina Credit Union League’s Town Hall Meeting yesterday at Carolina’s Telco FCU in Charlotte, N.C. Mr. Hood took the opportunity to discuss and explain the recent action taken by the NCUA Board in an effort to stabilize the corporate credit unions. More specifically, the Vice Chairman addressed questions concerning the recent supervisory letter sent to all NCUA field staff that focused on supervision considerations for natural person credit unions in light of the announced corporate stabilization efforts. http://www.ncua.gov/news/press_releases/2009/MA09-0304.htm Wed, 4 Mar 2009 15:51:00 -0500 March 2, 2009, Alexandria, Va. – The National Credit Union Administration’s Voluntary Temporary Corporate Credit Union Share Program (TCCUSGP) began March 1, 2009. Only those corporates listed below are participating in the voluntary guarantee program. The TCCUGSP was approved by the NCUA Board January 28, 2009 and consisted of a temporary guarantee by the National Credit Union Share Insurance Fund (NCUSIF) of all shares (excluding paid-in-capital and membership capital accounts) at all corporate credit unions. The voluntary guarantee is effective March 1, 2009, expires December 31, 2010 and only encompasses participating corporates. http://www.ncua.gov/news/press_releases/2009/MR09-0302.htm Mon, 2 Mar 2009 15:21:00 -0500 February 27, 2009, Alexandria, Va. – The National Credit Union Administration issued new supervisory guidance for agency examination staff regarding the impact the Corporate Stabilization Program may have on credit union balance sheets. Supervisory Letter 09-01 instructs examination staff to differentiate between the impact of recent NCUA Board actions and operational activities by credit union management when evaluating credit union performance and risk profile. The letter also sets forth guidance allowing for examiner recognition of possible temporary reductions in return on assets (ROA) resulting from credit union participation in the Credit Union System Investment Program (CU SIP). http://www.ncua.gov/news/press_releases/2009/MR09-0227.htm Fri, 27 Feb 2009 14:11:00 -0500 http://www.ncua.gov/news/press_releases/2009/February26_2009.doc Thu, 26 Feb 2009 15:49:00 -0500 http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 26 Feb 2009 08:30:00 -0500 Alexandria, Va. February 24, 2009 – National Credit Union Administration Chairman Michael E. Fryzel today emphasized credit union’s relatively strong position, noting that credit unions are the best capitalized segment of the nation’s financial services industry, before an audience of over 3500 credit union leaders at the Credit Union National Association's Governmental Affairs Conference in Washington, D.C. http://www.ncua.gov/news/press_releases/2009/MA09-0224a.htm Tue, 24 Feb 2009 16:29:00 -0500 February 24, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel encouraged credit union participation in America Saves Week as a way to improve consumer saving and stress the importance of financial literacy. http://www.ncua.gov/news/press_releases/2009/MA09-0224.htm Tue, 24 Feb 2009 04:02:00 -0500 Alexandria, Va., February 23, 2009 – According to call reports submitted by the nation’s 7,806 federally insured credit unions, all savings categories and the majority of loan categories showed positive growth in 2008, while the return on average assets declined as loan loss reserves were increased. http://www.ncua.gov/news/press_releases/2009/MR09-0224.htm Mon, 23 Feb 2009 11:01:00 -0500 February 20, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood hosted his third annual NCUA Risk mitigation Summit yesterday at the Federal Reserve Bank of Atlanta. The event was filled to capacity with leaders from government and industry anxious to gain further knowledge regarding the current economic situation and what they can do to mitigate risk.  http://www.ncua.gov/news/press_releases/2009/MA09-0223.htm Mon, 23 Feb 2009 08:48:00 -0500 February 20, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel welcomed President Obama's "Homeowner Affordability and Stability Plan" as an important and positive step in the overall federal efforts to assist struggling homeowners during this time of economic dislocation. http://www.ncua.gov/news/press_releases/2009/MA09-0220.htm Fri, 20 Feb 2009 12:14:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0226.htm Thu, 19 Feb 2009 14:30:00 -0500 February 13, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Louisiana Credit Union League’s Large Asset Roundtable in Baton Rouge, LA on Wednesday, February 11th; followed by the Texas Credit Union League’s Small Credit Union Meeting in Houston, TX on Thursday, February 12th. Mr. Hood took these opportunities to discuss and explain the recent action taken by the NCUA Board in an effort to stabilize the corporate credit unions. http://www.ncua.gov/news/press_releases/2009/MR09-0213b.htm Fri, 13 Feb 2009 16:50:00 -0500 February 16, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) placed Center Valley Federal Credit Union of Wheeling, West Virginia, into liquidation Friday, February 13, 2009. http://www.ncua.gov/news/press_releases/2009/MR09-0213a.htm Fri, 13 Feb 2009 16:49:00 -0500 February 13, 2009, Alexandria, Va. – The National Credit Union Administration today provided an additional $2.9 billion to credit unions participating in the Credit Union System Investment Program (CU SIP), an NCUA Central Liquidity Facility (CLF) initiative designed to add liquidity to the credit union system. http://www.ncua.gov/news/press_releases/2009/MR09-0213.htm Fri, 13 Feb 2009 13:31:00 -0500 February 12, 2009, Alexandria, Va. – Approximately 3,800 people participated in today’s National Credit Union Administration webcast providing the credit union community with details of the stabilization program, which is designed to maintain stability and liquidity within the corporate credit union system. http://www.ncua.gov/news/press_releases/2009/MR09-0212a.htm Fri, 13 Feb 2009 08:18:00 -0500 February 12, 2009, Alexandria, Va. -- The National Credit Union Administration, Office of Thrift Supervision (OTS), and Federal Reserve Board encourage credit unions, banks and thrifts to participate in a free audio briefing where agency speakers will respond live to participants’ questions concerning the new rule addressing unfair credit card practices.  http://www.ncua.gov/news/press_releases/2009/MR09-0212.htm Thu, 12 Feb 2009 15:00:00 -0500 February 12, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met Chartway CEO, Ronald Burniske and Vice President of Strategy, Phillip Richards earlier this week at NCUA headquarters in Alexandria. http://www.ncua.gov/news/press_releases/2009/MA09-0212.htm Thu, 12 Feb 2009 02:07:00 -0500 February 11, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood honored the president and CEO of Campus Federal Credit Union, with the Vice Chairman’s Award for Distinguished Service for his leadership of the Blueprint 2020 Initiative Task Force. Exemplifying dedication to the credit union mission of “People Helping People,” Mr. Milazzo has helped bring to light the significant benefits of recruiting, training, and retaining individuals for careers in the credit union industry. http://www.ncua.gov/news/press_releases/2009/MA09-0211.htm Wed, 11 Feb 2009 15:00:00 -0500 February 10, 2009, Alexandria, VA – “Today marks a new day in the process of the federal government’s broad response to the financial crisis. Updated initiatives announced by Treasury Secretary Geithner under the terms of the Financial Stability Plan will hopefully provide credit unions with access to workable and useful tools to deploy in mitigating the market instability. Over the coming days I intend to restate my earlier requests to the Secretary to make funds available to credit unions through an asset purchase program called for in statute, and to ensure that rules are written to give credit unions the ability to take advantage of any new-created aspects of the federal response. http://www.ncua.gov/news/press_releases/2009/MA09-0210a.htm Tue, 10 Feb 2009 16:14:00 -0500 February 10, 2009, Alexandria, VA –– The National Credit Union Administration (NCUA) Board has appointed Region V Director Melinda Love as director of the Office of Examination and Insurance (E&I) at NCUA headquarters in Alexandria effective March 16, 2009. http://www.ncua.gov/news/press_releases/2009/MA09-0210.htm Tue, 10 Feb 2009 16:14:00 -0500 February 10, 2009, Alexandria, Va. – The National Credit Union Administration will host a webcast this Thursday to provide the credit union community with an update on the corporate credit union stabilization program. http://www.ncua.gov/news/press_releases/2009/MR09-0210.htm Tue, 10 Feb 2009 15:45:00 -0500 February 6, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Board has added an agenda item to the special closed meeting scheduled for Tuesday, February 10, 2009, at 10 a.m. http://www.ncua.gov/news/press_releases/2009/MR09-0206.htm Fri, 6 Feb 2009 14:13:00 -0500 February 6, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) last week welcomed four representatives from the Japanese Agricultural and Fishery Cooperative Savings Insurance Corporation (SIC). http://www.ncua.gov/news/press_releases/2009/MA09-0206.htm Fri, 6 Feb 2009 14:13:00 -0500 http://www.ncua.gov/news/press_releases/2009/MR09-0205.htm Thu, 5 Feb 2009 15:18:00 -0500 February 5, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood announced today that registration for the 2009 Risk Mitigation Summit, being held at the Federal Reserve Bank of Georgia on February 19, 2009, is now full. However, due to overwhelming interest, those interested may register to be placed on a waiting list. http://www.ncua.gov/news/press_releases/2009/MA09-0205a.htm Thu, 5 Feb 2009 15:00:00 -0500 Measures Will Assist Stabilization Efforts, Extend Credit Union Premium Period February 4, 2009, Alexandria, Va. — The House Committee on Financial Services today approved HR 786, the Committee’s TARP reform legislation, and added several provisions NCUA Chairman Michael Fryzel recommended as imperative to the credit union system – increasing NCUA Treasury borrowing authority and providing for a 5-year restoration period to replenish the National Credit Union Share Insurance Fund (NCUSIF).   http://www.ncua.gov/news/press_releases/2009/MA09-0205.htm Thu, 5 Feb 2009 08:29:00 -0500 February 4, 2009, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood honored United Nations Federal Credit Union (UNFCU) Business Development Officer Timothy Challen with the Vice Chairman’s Award for Distinguished Service on January 30, 2009, at the UNFCU Representative Office in Geneva, Switzerland.  http://www.ncua.gov/news/press_releases/2009/MA09-0204a.htm Wed, 4 Feb 2009 15:33:00 -0500 Alexandria, VA, February 4, 2009 – “Last Wednesday, NCUA took necessary, but unprecedented steps to stabilize the corporate credit union system. The actions were taken to preserve confidence in the corporate system and allow NCUA, natural person credit unions, and corporate credit unions to effectively manage this situation. http://www.ncua.gov/news/press_releases/2009/MA09-0204.htm Wed, 4 Feb 2009 12:48:00 -0500 February 3, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met last week with Michigan’s Office of Financial and Insurance Regulation Commissioner, Ken Ross, during a visit to St. Joseph, Michigan. http://www.ncua.gov/news/press_releases/2009/MA09-0203.htm Tue, 3 Feb 2009 15:35:00 -0500 February 2, 2009 Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel continued his outreach to the credit union industry with a tour of United Federal Credit Union in St. Joseph Michigan, followed by a luncheon meeting with representatives from over a dozen area credit unions.  http://www.ncua.gov/news/press_releases/2009/MA09-0202.htm Mon, 2 Feb 2009 16:33:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0129_results.htm Thu, 29 Jan 2009 08:56:00 -0500 Alexandria, Va., January 28, 2009 – The National Credit Union Administration Board today approved a series of actions designed to enhance and support a corporate credit union system facing unprecedented strains on liquidity and capital due to extraordinary market disruptions and the current economic climate. Corporate credit unions provide investment and liquidity services to consumer-owned natural person credit unions.  http://www.ncua.gov/news/press_releases/2009/MR09-0128.htm Wed, 28 Jan 2009 15:46:00 -0500 January 27, 2009, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel today congratulated newly confirmed Treasury Secretary Timothy F. Geithner on his assumption of office and called upon the Secretary to expand options for credit union participation in the Troubled Assets Relief Program (TARP).  http://www.ncua.gov/news/press_releases/2009/MA09-0127.htm Tue, 27 Jan 2009 16:46:00 -0500 January 27, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for January 28, 2009, at 3 p.m. http://www.ncua.gov/news/press_releases/2009/MR09-0127.htm Tue, 27 Jan 2009 03:49:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0128.htm Tue, 27 Jan 2009 02:45:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0122_results.htm Thu, 22 Jan 2009 16:05:00 -0500 http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 22 Jan 2009 07:51:00 -0500 Alexandria, Va., January 16, 2009 – The National Credit Union Administration (NCUA) has approved a charter for 1st Bergen Federal Credit Union located in Hackensack, New Jersey. http://www.ncua.gov/news/press_releases/2009/MR09-0116.htm Wed, 21 Jan 2009 07:54:00 -0500 January 16 , 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured Communitywide Federal Credit Union in South Bend, Indiana earlier this week. http://www.ncua.gov/news/press_releases/2009/MA09-0116.htm Fri, 16 Jan 2009 10:49:00 -0500 The Federal Financial Institutions Examination Council (FFIEC) issued guidance today for examiners, financial institutions, and technology service providers to identify risks, evaluate controls, and assess risk management practices related to remote deposit capture (RDC) systems. http://www.ncua.gov/news/press_releases/2009/MR09-0115.htm Thu, 15 Jan 2009 16:49:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag09-0122.htm Thu, 15 Jan 2009 15:49:00 -0500 January 12, 2009, Alexandria, Va. –Chairman Michael E. Fryzel welcomed members of the California and Nevada Credit Union Leagues to National Credit Union Administration last week. The leagues were visiting the Washington DC area as part of the beginning of the 111th Congress. http://www.ncua.gov/news/press_releases/2009/MA09-0112.htm Mon, 12 Jan 2009 02:45:00 -0500 Alexandria, Va., January 8, 2009 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2009/MA09-0109.htm Fri, 9 Jan 2009 01:45:00 -0500 January 8, 2008, Alexandria, Va. – Chairman Michael E. Fryzel announced today activation of the National Credit Union Administration (NCUA) National Examination Team (NET) to enhance the supervisory process in areas where economic conditions have adversely impacted federally insured credit unions. This initiative is in further response to the difficulties caused by declining home values, high mortgage delinquency rates, high foreclosure rates, high unemployment rates, and concentrations of real estate loans that have affected credit unions to varying degrees. Where those factors are present, NCUA will deploy a specialized team of examiners who will concentrate on the most difficult cases.  http://www.ncua.gov/news/press_releases/2009/MA09-0108.htm Thu, 8 Jan 2009 16:07:00 -0500 January 6, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) has reassigned the supervision and examination of Alaska and Nevada credit unions in order to reallocate resources to better meet NCUA supervision objectives and adjust for workload imbalances. http://www.ncua.gov/news/press_releases/2009/MR09-0106.htm Tue, 6 Jan 2009 16:15:00 -0500 January 5, 2009, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for January 8, 2009, at 10 a.m. http://www.ncua.gov/news/press_releases/2009/MR09-0105.htm Mon, 5 Jan 2009 11:01:00 -0500 January 2, 2009, Alexandria, Va. -- National Credit Union Administration today provided participation numbers for the Credit Union Homeowners Affordability Relief Program (CU HARP) and the Credit Union System Investment Program (CU SIP). Both initiatives utilize NCUA’s Central Liquidity Facility (CLF). http://www.ncua.gov/news/press_releases/2009/MA09-0102.htm Fri, 2 Jan 2009 15:40:00 -0500 January 2, 2009 Alexandria, Virginia - The National Credit Union Administration (NCUA) today was appointed receiver of Valley Credit Union (Valley) of San Jose, California by the California Department of Financial Institutions (DFI). NCUA had been operating Valley as conservator since the California DFI placed Valley into conservatorship on September 2, 2008. http://www.ncua.gov/news/press_releases/2009/MR09-0102.htm Fri, 2 Jan 2009 07:31:00 -0500 December 23, 2008, Alexandria, Va. –Chairman Michael E. Fryzel welcomed Jim McCormack, President/CEO and Rick Wargo Jr., Executive Vice President from the Pennsylvania Credit Union League to NCUA headquarters in Alexandria, Va., last week. http://www.ncua.gov/news/press_releases/2008/MA08-1223.htm Tue, 23 Dec 2008 11:19:00 -0500 Washington, D.C. — The federal bank, credit union, and thrift regulatory agencies today announced publication of a revised identity theft brochure – You Have the Power to Stop Identity Theft – to assist consumers in preventing and resolving identity theft. http://www.ncua.gov/news/press_releases/2008/12-22%20Revised%20ID%20Theft%20Brochure%20Issued.pdf Mon, 22 Dec 2008 09:15:00 -0500 December 22, 2008, Alexandria, Va. – Chairman Michael E. Fryzel welcomed representatives from the newly-formed Realtors Federal Credit Union to NCUA headquarters in Alexandria, VA last week. http://www.ncua.gov/news/press_releases/2008/MA08-1222.htm Mon, 22 Dec 2008 11:34:00 -0500 December 18, 2008, Alexandria, Va. -- National Credit Union Administration is extending the application period for credit union participation in Credit Union Homeowners Affordability Relief Program (CU HARP) until December 29, 2008, at 12 p.m. EST. http://www.ncua.gov/news/press_releases/2008/MA08-1218a.htm Thu, 18 Dec 2008 17:12:00 -0500 December 18, 2008, Alexandria, Va. -- The NCUA Board joins the Office of Thrift Supervision and the Federal Reserve Board today in approving final rule, Part 706, governing unfair or deceptive acts or practices related to credit cards. http://www.ncua.gov/news/press_releases/2008/MA08-1218.htm Thu, 18 Dec 2008 17:10:00 -0500 Unfair and deceptive consumer credit rule finalized The NCUA Board joined the Office of Thrift Supervision and the Federal Reserve Board in approving final rule, Part 706, governing unfair or deceptive acts or practices related to credit cards. http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-1218_results.htm Thu, 18 Dec 2008 16:14:00 -0500 http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 18 Dec 2008 08:35:00 -0500 December 17, 2008, Alexandria, Va. -- 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. http://www.ncua.gov/news/press_releases/2008/MR08-1217a.htm Wed, 17 Dec 2008 11:41:00 -0500 December 17, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has added a closed agenda to tomorrow’s December 18 Board meeting. http://www.ncua.gov/news/press_releases/2008/MR08-1217.htm Wed, 17 Dec 2008 10:01:00 -0500 December 16, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in a Town Hall Meeting yesterday at First Tech Credit Union in Beaverton, Oregon. Hosted by the Credit Union Association of Oregon the event was held to discuss the affect of recent federal stimulus actions, and how the future regulatory environment will evolve in response to the changing economy. http://www.ncua.gov/news/press_releases/2008/MA08-1216.htm Tue, 16 Dec 2008 19:15:00 -0500 December 16, 2008, Alexandria, Va. – NCUA Chairman Michael E. Fryzel introduced a 1 ½ hour audio webcast that attracted over 1,400 participants today, detailing the Credit Union Homeowners Affordability Relief Program (CU HARP) and Credit Union System Investment Program (CU SIP) introduced last week. The webcast was jointly sponsored by CUNA and NAFCU, and was held at NCUA offices in Alexandria. http://www.ncua.gov/news/press_releases/2008/MR08-1216b.htm Tue, 16 Dec 2008 19:00:00 -0500 December 16, 2008, Alexandria, Va. – NCUA Chairman Michael E. Fryzel today issued a webcast recapping NCUA initiatives since August and addressing new programs such as CU HARP and CU SIP. http://www.ncua.gov/news/press_releases/2008/MR08-1216.htm Tue, 16 Dec 2008 09:42:00 -0500 Alexandria, VA., December 15, 2008 – Last week, NCUA Board Member Gigi Hyland encouraged over 400 volunteers at the Credit Union Executive Society’s Directors Conference in Palm Desert, CA, to continue their efforts to be vigilant and innovative stewards of their credit unions. http://www.ncua.gov/news/press_releases/2008/MA08-1215.htm Mon, 15 Dec 2008 13:57:00 -0500 December 12, 2008, Alexandria, Va. -- The National Credit Union Administration Board, by notation vote, has approved a regulatory change that enables US Central to convert membership capital accounts (MCA), a portion of existing capital, to a new paid-in-capital instrument (PIC2), which is considered Tier 1 capital by debt ratings agencies. http://www.ncua.gov/news/press_releases/2008/MR08-1212.htm Fri, 12 Dec 2008 10:02:00 -0500 MATTERS TO BE CONSIDERED: 1. Final Rule – Parts 712 and 741 of NCUA Rules and Regulations, Credit Union Service Organizations. 2. Final Rule – Part 706 of NCUA Rules and Regulations, Unfair or Deceptive Acts or Practices. 3. Insurance Fund Report. http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-1218.htm Thu, 11 Dec 2008 15:20:00 -0500 December 9, 2008, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel today provided details on the Credit Union Homeowners Affordability Relief Program (CU HARP), unveiled in November, and a complementary program to provide contingent liquidity for the credit union system, the Credit Union System Investment Program (CU SIP). Both initiatives utilize NCUA’s Central Liquidity Facility (CLF). http://www.ncua.gov/news/press_releases/2008/MA08-1209a.htm Tue, 9 Dec 2008 14:00:00 -0500 December 9, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel will appear today, December 9th, on the CNBC and Fox Business Network. http://www.ncua.gov/news/press_releases/2008/MA08-1209.htm Tue, 9 Dec 2008 12:00:44 -0500 December 8, 2008, Alexandria, Va. -- National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Credit Union National Association (CUNA) YES Summit December 5 in Tampa, Fla. The event specifically targets young adults between the ages of 18 – 30 and is designed to help these individuals develop responsible, lasting relationships with their financial institutions. http://www.ncua.gov/news/press_releases/2008/MA08-1208a.htm Mon, 8 Dec 2008 15:00:35 -0500 Alexandria, Va., December 8, 2008 –National Credit Union Board Member Gigi Hyland announced today that she will accelerate consideration of supplemental capital approaches in her role as liaison to the National Association of State Credit Union Supervisors (NASCUS). http://www.ncua.gov/news/press_releases/2008/MA08-1208.htm Mon, 8 Dec 2008 12:00:27 -0500 December 5, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) today accepted appointment as receiver/liquidator of West Hartford Credit Union, Inc., in Farmington Connecticut, following the State of Connecticut Department of Banking decision to close the credit union. http://www.ncua.gov/news/press_releases/2008/MR08-1205.htm Fri, 5 Dec 2008 13:00:32 -0500 Alexandria, Va., December 4, 2008 – The National Credit Union Administration has continued its active promotion of the safety of federally insured credit union deposits through a nationwide advertising campaign. http://www.ncua.gov/news/press_releases/2008/MR08-1204.htm Thu, 4 Dec 2008 13:00:09 -0500 December 4, 2008, Alexandria, Va. – National Credit Union Administration Board Member Gigi Hyland recently participated in a Home & Family Finance™ radio program, sponsored by the Credit Union National Association (CUNA). Taped November 12, 2008, the program is hosted by renowned broadcaster Paul Berry. It aired at 3 p.m. EST on Sunday, November 23rd and can be heard on http://www.radioamerica.org/POD_hff.htm or on http://www.cuna.org/initiatives/hff_radio/. The weekly radio show offers helpful information and consumer finance advice from consumer and money experts around the nation. http://www.ncua.gov/news/press_releases/2008/MA08-1203.htm Wed, 3 Dec 2008 17:00:00 -0500 December 2, 2008, Alexandria, Va. –– The National Credit Union Administration Board today selected Examination and Insurance Director David M. Marquis to assume the role of NCUA Executive Director (ED) upon departure of ED J. Leonard Skiles, who is retiring at year-end 2008. http://www.ncua.gov/news/press_releases/2008/MR08-1202.htm Tue, 2 Dec 2008 16:09:00 -0500 November 26, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for December 2, 2008, at 10 a.m. http://www.ncua.gov/news/press_releases/2008/MR08-1126.htm Wed, 26 Nov 2008 08:54:00 -0500 November 25, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in the CliCU monthly podcast about credit union hot topics and breaking legal news. Hosted by attorneys involved in the credit union movement, the podcast is designed for credit union officers, directors, employees, volunteers and anybody interested in the credit union movement. http://www.ncua.gov/news/press_releases/2008/MA08-1125a.htm Tue, 25 Nov 2008 16:48:00 -0500 November 25, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel touted NCUA's efforts to assist credit unions during the recent market turbulence, including his recently-approved 12 month examination program, during remarks Friday to an Illinois credit union gathering. http://www.ncua.gov/news/press_releases/2008/MA08-1125.htm Tue, 25 Nov 2008 16:22:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-1120_results.htm Fri, 21 Nov 2008 09:54:00 -0500 Alexandria, Va., November 21, 2008 – While federally insured credit unions remain financially sound, the industry’s financial results reflect some repercussions of the current economic turmoil. Confidence in the credit union system has resulted in asset, loan and share growth, as well as a membership increase to 88.5 million according to September 30, 2008, Call Report data submitted by the nation’s 7,904 federally insured credit unions. http://www.ncua.gov/news/press_releases/2008/MR08-1121.htm Fri, 21 Nov 2008 08:26:00 -0500 Alexandria, Va., November 20, 2008 – “Today’s NCUA Board meeting will have significant impact on all credit unions ranging from safety and soundness considerations to credit union outreach to underserved and low-income communities. http://www.ncua.gov/news/press_releases/2008/MR08-1120.htm Thu, 20 Nov 2008 16:41:00 -0500 http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 20 Nov 2008 08:28:00 -0500 November 19, 2008, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel today called upon Congress to encourage Treasury to equip NCUA with additional flexibility in dealing with troubled assets in the credit union industry. http://www.ncua.gov/news/press_releases/2008/MA08-1119a.htm Wed, 19 Nov 2008 15:28:00 -0500 November 19, 2008 Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel last Thursday addressed the importance of continued regulatory proactivity to over 80 credit union officials at the Maryland and DC Credit Union League’s Suburban Chapter Meeting http://www.ncua.gov/news/press_releases/2008/MA08-1119.htm Wed, 19 Nov 2008 11:31:00 -0500 November 18, 2008, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel today unveiled a new initiative aimed at assisting credit union members who are experiencing mortgage-related financial difficulties to preserve their homeownership. http://www.ncua.gov/news/press_releases/2008/MA08-1118a.htm Tue, 18 Nov 2008 16:22:00 -0500 November 17, 2008, Alexandria, Va. – Vice Chairman Rodney Hood, last week personally presented the National Association of Realtors with their federal credit union charter. The ceremony occurred during the Association’s annual meeting in Orlando, FL. http://www.ncua.gov/news/press_releases/2008/MA08-1118.htm Tue, 18 Nov 2008 08:44:00 -0500 November 17, 2008 Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel last Thursday sounded a strong call to for regulatory proactivity and focus on credit union members during remarks to the California/Nevada Credit Union League’s Annual Meeting and Convention in San Francisco, CA.   http://www.ncua.gov/news/press_releases/2008/MA08-1117.htm Mon, 17 Nov 2008 09:49:00 -0500 November 13, 2008, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel today called upon Treasury Secretary Henry M. Paulson to reconsider the announced reversal of the asset purchase function of the Troubled Assets Relief Program (TARP).  http://www.ncua.gov/news/press_releases/2008/MA08-1113.htm Thu, 13 Nov 2008 16:35:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-1120.htm Thu, 13 Nov 2008 15:35:00 -0500 The federal bank, thrift and credit union regulatory agencies today jointly issued for comment proposed Interagency Appraisal and Evaluation Guidelines that reaffirm supervisory expectations for sound real estate appraisal and evaluation practices. The proposed guidance builds on the existing federal regulatory framework to clarify risk management principles and internal controls for ensuring that financial institutions’ real estate collateral valuations (both appraisals and evaluations) are reliable and support their real estate-related transactions. The initiative is intended to respond to heightened concerns over appraisals and credit quality. http://www.ncua.gov/news/press_releases/2008/MR08-1113.htm Thu, 13 Nov 2008 13:20:00 -0500 Alexandria, Va., November 12, 2008 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2008/MR08-1112.htm Wed, 12 Nov 2008 12:57:00 -0500 November 7, 2008, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel announced that Realtors Federal Credit Union (FCU), headquartered in Rockville, Maryland, was chartered today to serve members and employees of the National Association of Realtors. http://www.ncua.gov/news/press_releases/2008/MA08-1107.htm Fri, 7 Nov 2008 10:33:00 -0500 Alexandria, Va., November 6, 2008 – NCUA Chairman Michael E. Fryzel toured Regional Federal Credit Union and its student branch at Morton High School in Hammond, IN Tuesday. http://www.ncua.gov/news/press_releases/2008/MR08-1105.htm Thu, 6 Nov 2008 10:34:00 -0500 Alexandria, Va., November 3, 2008 – The National Credit Union Administration participated in the International Association of Deposit Insures Conference (IADI) October 28th and 29th The two-day event, held at the Federal Deposit Insurance Corporation this year, featured government and private sector representatives from 100 countries. NCUA representatives staffed an informational kiosk and provided information about the National Credit Union Share Insurance Fund (NCUSIF), as well as the structure, health and stability of the U.S. credit union system. http://www.ncua.gov/news/press_releases/2008/MR08-1103.htm Mon, 3 Nov 2008 13:17:00 -0500 October 31, 2008, Alexandria, Va. – NCUA Board Member Gigi Hyland today announced that the full Share Insurance 101 Webinar is archived online at www.ncua.gov. The archive includes the actual webinar, the expanded Share Insurance 101 Webinar PowerPoint presentation, as well as the webinar transcript and frequently answered questions (FAQs). http://www.ncua.gov/news/press_releases/2008/MR08-1031a.htm Fri, 31 Oct 2008 18:00:00 -0500 October 31, 2008, Alexandria, Va. – The mandatory compliance date for NCUA’s rule under the Fair and Accurate Transactions Act of 2003 (FACT Act) on identity theft red flags and address discrepancies is November 1, 2008. Under the rule, which became effective January 1, 2008, federal credit unions with covered accounts must have identity theft prevention programs to identify, detect, and respond to patterns, practices, or specific activities that could indicate identity theft (12 CFR §717.90). http://www.ncua.gov/news/press_releases/2008/MR08-1031.htm Fri, 31 Oct 2008 14:00:00 -0500 http://www.ncua.gov/NCUABoard/board_reports/ClosedBAB08-1031.htm Fri, 31 Oct 2008 10:51:00 -0500 Alexandria, VA, October 31, 2008 -National Credit Union Administration (NCUA) Board Member Gigi Hyland participated in a podcast Monday on current issues facing the credit union system. The podcast was hosted by Tom Field, Editorial Director, Information Security Media Group Corp. which sponsors www.bankinfosecurity.com. http://www.ncua.gov/news/press_releases/2008/MA08-1031.htm Fri, 31 Oct 2008 10:10:00 -0500 October 30, 2008, Alexandria, Va. – The National Credit Union Administration has revised numerous 2009 monthly Board meetings since the scheduled was originally published in September. The NCUA Board will meet, except during August, on the third or fourth Thursday of the month at 10 a.m. http://www.ncua.gov/news/press_releases/2008/MA08-1030a.htm Thu, 30 Oct 2008 18:00:00 -0500 October 30, 2008 This 8th Annual Budget Briefing and Public Forum represent a continued commitment by NCUA to transparency and more responsive accountability for agency operations and finances. http://www.ncua.gov/news/press_releases/2008/MA08-1030b.htm Thu, 30 Oct 2008 17:29:00 -0500 October 30, 2008, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel announced two significant initiatives during today’s annual NCUA Budget Briefing and Public Forum designed to enhance supervisory oversight of federally insured credit unions and ensure consistency and efficiency in reviewing new federal charter applications. http://www.ncua.gov/news/press_releases/2008/MA08-1030.htm Thu, 30 Oct 2008 16:00:00 -0500 Alexandria, Va., October 30, 2008 – National Credit Union Executive Director J. Leonard Skiles announced today at the Annual Budget Briefing and Public Forum that the agency’s 2009 budget is expected to increase 15 percent to $182.9 million to accommodate program modifications necessary to address the current turbulent economic environment. http://www.ncua.gov/news/press_releases/2008/MR08-1030.htm Thu, 30 Oct 2008 15:30:00 -0500 October 29, 2008, Alexandria, Va. -- The National Credit Union Administration Central and Region II office 2008 fundraising efforts were recognized today by the Combined Federal Campaign (CFC) at the agency’s 2009 CFC campaign kick-off. Carol Campbell, the CFC loan executive assigned to NCUA, presented Chairman Fryzel with the CFC National Capital Area’s President’s Award. http://www.ncua.gov/news/press_releases/2008/MA08-1029.htm Wed, 29 Oct 2008 14:59:00 -0500 October 29, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for October 31, 2008, at 8 a.m. The meeting agenda is online at http://www.ncua.gov/NCUABoard/Calendars/board_calendar/board_calendar.html. http://www.ncua.gov/news/press_releases/2008/MR08-1029.htm Wed, 29 Oct 2008 14:59:00 -0500 October 24, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel visited Acceso Federal Credit Union in Washington, DC Wednesday, in conjunction with Hispanic Heritage Month. Acceso FCU is a joint project between, IDB-IIC Federal Credit Union, District Government Employees FCU, and OAS Staff Federal Credit union designed to improve access to credit union service in a primarily Hispanic part of Washington DC. http://www.ncua.gov/news/press_releases/2008/MA08-1024.htm Fri, 24 Oct 2008 10:50:00 -0500 October 23, 2008, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel has requested credit union inclusion in Treasury Department’s recently expanded deposit insurance coverage of non-interest bearing deposit accounts. http://www.ncua.gov/news/press_releases/2008/MA08-1023.htm Thu, 23 Oct 2008 16:32:00 -0500 October 21, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel visited Signal Financial Federal Credit Union in Washington, D.C., October 15, 2008, to help celebrate the recent opening of a new branch office in a low-income neighborhood near Capitol Hill. http://www.ncua.gov/news/press_releases/2008/MA08-1021.htm Wed, 22 Oct 2008 08:32:00 -0500 October 21, 2008, Alexandria, Va. – National Credit Union Administration Board Member Gigi Hyland discussed the state of the credit union industry, congressional and regulatory responses to the financial crisis, and current examination issues before the AICPA National Conference on Credit Unions yesterday in San Francisco, Calif. Attendees at the conference included certified public accountants from accounting firms, internal auditors and credit union CFOs and CEOs. http://www.ncua.gov/news/press_releases/2008/MR08-1021.htm Tue, 21 Oct 2008 16:28:00 -0500 Alexandria, Va., October 20, 2008 – NCUA has placed an updated share insurance estimator on its website to provide members of insured credit unions an opportunity to estimate the amount of coverage the National Credit Union Share Insurance Fund now provides. The estimator, known as the Electronic Share Insurance Calculator (E-SIC), bases computations on the rules in effect as of October 3, 2008. http://www.ncua.gov/news/press_releases/2008/MR08-1020.htm Tue, 21 Oct 2008 10:52:00 -0500 October 20, 2008, Alexandria, Va. -- National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Firefighters National Credit Union Summit in Miami, Fla., October 17, 2008. http://www.ncua.gov/news/press_releases/2008/MA08-1020b.htm Tue, 21 Oct 2008 08:40:00 -0500 October 20, 2008, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel issued a Letter to Credit Unions Friday, October 17, reminding credit unions that the Central Liquidity Facility (CLF) is available as a source of contingent liquidity during the current market turbulence. http://www.ncua.gov/news/press_releases/2008/MA08-1020.htm Mon, 20 Oct 2008 16:00:00 -0500 October 17, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed National Association of State Credit Union Supervisors President Mary Martha Fortney; North Carolina Regulator Jerrie Lattimore and Georgia Regulator George Reynolds to NCUA headquarters this week. http://www.ncua.gov/news/press_releases/2008/MA08-1017.htm Fri, 17 Oct 2008 14:00:00 -0500 October 16, 2008, Alexandria, Va. –The National Credit Union Administration Board today issued a proclamation declaring October 16, 2008 International Credit Union Day. http://www.ncua.gov/news/press_releases/2008/MA08-1016a.htm Fri, 17 Oct 2008 10:50:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-1016_results.htm Fri, 17 Oct 2008 08:40:00 -0500 October 16, 2008, Alexandria, Va. – The National Credit Union Administration (NCUA) has assumed control of the operations of High Desert Federal Credit Union headquartered in Apple Valley, California. The Federal Credit Union Act authorizes the NCUA Board to appoint itself conservator when necessary to conserve the assets of a federally insured credit union, protect members’ interests or protect the National Credit Union Share Insurance Fund. http://www.ncua.gov/news/press_releases/2008/MR08-1016.htm Thu, 16 Oct 2008 19:00:00 -0500 October 16, 2008, Alexandria, Va. – The National Credit Union Administration Board today approved a temporary corporate credit union liquidity guarantee program that will operate from October 16, 2008, through June 30, 2009. http://www.ncua.gov/news/press_releases/2008/MA08-1016.htm Thu, 16 Oct 2008 16:30:00 -0500 October 15, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel recently welcomed former NCUA General Counsel, and current GTE Federal Credit Union CEO Wendell (Bucky) Sebastian to NCUA headquarters. http://www.ncua.gov/news/press_releases/2008/MA08-1015a.htm Thu, 16 Oct 2008 07:43:00 -0500 October 15, 2008, Alexandria, Va.–The National Credit Union Administration (NCUA) will hold its eighth annual Budget Briefing and Public Forum in October. Executive Director Len Skiles will introduce the proposed 2009 budget and the public is invited to attend and provide input. http://www.ncua.gov/news/press_releases/2008/MA08-1015.htm Wed, 15 Oct 2008 12:35:00 -0500 October 14, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel told viewers today on Fox Business Network’s “Money for Breakfast” with Alexis Glick, that the nation’s credit unions are a safe, secure source for loans and savings. http://www.ncua.gov/news/press_releases/2008/MA08-1014a.htm Tue, 14 Oct 2008 01:21:00 -0500 October 14, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Housing and Finance Board Member Geoff Bacino to NCUA headquarters recently. http://www.ncua.gov/news/press_releases/2008/MA08-1014.htm Tue, 14 Oct 2008 01:08:00 -0500 October 10, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel will appear Tuesday, October 14 on the Fox Business Network’s “Money for Breakfast” program. http://www.ncua.gov/news/press_releases/2008/MA08-1010.htm Fri, 10 Oct 2008 15:05:00 -0500 Alexandria, VA, October 9, 2008 – The National Credit Union Administration has posted the Expanded Share Insurance 101 Webinar PowerPoint presentation on its website in several locations. The detailed slides include essential information providing the fundamentals of share insurance that credit unions and members will find beneficial. http://www.ncua.gov/news/press_releases/2008/MR08-1009.htm Thu, 9 Oct 2008 05:00:00 -0500 October 9, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Credit Union Association of New York’s Annual Meeting in Niagara Falls, N.Y. During this turbulent time in America’s economy, Mr. Hood took this opportunity to send a clear message of trust and confidence in America’s credit union system. Hood reassured the attendees of his dedication and commitment to oversight and regulation of the credit union industry. http://www.ncua.gov/news/press_releases/2008/MA08-1009.htm Thu, 9 Oct 2008 04:33:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-1016.htm Thu, 9 Oct 2008 16:00:00 -0500 Alexandria, Va., October 8, 2008 – President George W. Bush signed into law the “Emergency Economic Stabilization Act of 2008” on October 3, 2008, which temporarily increases federal deposit insurance coverage. The new law amends the share insurance coverage provided by the National Credit Union Administration (NCUA) through the National Credit Union Share Insurance Fund (NCUSIF) and the deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). The NCUA Board also took action on October 3 to eliminate the concept of “qualified beneficiary” in determining NCUSIF share insurance coverage. The newly enacted rule serves to maintain parity between insurance coverage offered by NCUA and the FDIC. NCUA is working to update all related publications to reflect these changes. http://www.ncua.gov/news/press_releases/2008/MA08-1008.htm Thu, 9 Oct 2008 09:33:00 -0500 Alexandria, VA, October 7, 2008 – NCUA Board Member Gigi Hyland today hosted a webinar, Share Insurance 101, featuring the fundamentals of share insurance, which drew over 3,300 participants The webinar provided a basic review of federal share insurance regulations as well as a discussion of available resources and operational considerations. An interactive Q&A session was an integral part of the presentation. http://www.ncua.gov/news/press_releases/2008/MR08-1007.htm Wed, 8 Oct 2008 07:55:00 -0500 Alexandria, VA, October 6, 2008 –Tomorrow, NCUA Board Member Gigi Hyland will host a webinar covering the fundamentals of share insurance. The webinar will provide a basic review of federal share insurance regulations as well as a discussion of available resources and operational considerations. The webinar is designed to be interactive and Q&A will be an integral part of the presentation. http://www.ncua.gov/news/press_releases/2008/MA08-1006.htm Mon, 6 Oct 2008 15:00:00 -0500 October 6, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) placed N & W Poca Division Federal Credit Union of Bluefield, West Virginia, into liquidation October 3, 2008 http://www.ncua.gov/news/press_releases/2008/MR08-1006.htm Mon, 6 Oct 2008 10:52:00 -0500 Alexandria, Va., October 3, 2008 The NCUA Board today adopted changes to simplify the rule determining the coverage available on revocable trust accounts commonly called payable-on-death accounts or living trust accounts. http://www.ncua.gov/news/press_releases/2008/MR08-1003a.htm Sat, 4 Oct 2008 13:25:00 -0500 October 3, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) announces today that Postal Family Credit Union, of Wichita Falls, Texas, has purchased the assets and assumed member shares of the recently liquidated TEXDOT-WF Credit Union of Wichita Falls, Texas. http://www.ncua.gov/news/press_releases/2008/MR08-1003b.htm Mon, 6 Oct 2008 10:35:00 -0500 Alexandria, Va., October 3, 2008 – Today’s passage of the Emergency Economic Stabilization Act of 2008 will require NCUA to immediately increase share insurance protection to $250,000 on all types of accounts until December 31, 2009. http://www.ncua.gov/news/press_releases/2008/MR08-1003.htm Fri, 3 Oct 2008 05:02:00 -0500 Alexandria, Va., October 3, 2008 - Todays passage of the Emergency Economic Stabilization Act is the culmination of a month-long series of significant and beneficial legislative changes for credit unions. This bill, combined with the enactment of the law that removes the CLF borrowing cap, will assist NCUA in mitigating some of the current and potential difficulties facing the credit union industry. http://www.ncua.gov/news/press_releases/2008/MA08-1003.htm Fri, 3 Oct 2008 02:02:00 -0500 Chairman Fryzel Letter to FCUs Concerning Advertisements http://www.ncua.gov/letters/2008/FryzelLettertoFCUs.pdf Thu, 2 Oct 2008 10:45:00 -0500 NCUA Chairman Michael E. Fryzel expressed his appreciation today for key provisions of the compromise economic stabilization legislation approved by the U.S. Senate yesterday evening. http://www.ncua.gov/news/press_releases/2008/MA08-1002b.htm Thu, 2 Oct 2008 10:20:00 -0500 The credit union was chartered to serve members and employees of the Oak Cliff Bible Fellowship Church and its subsidiaries as well as students of the fellowship Christian Academy, all based in Dallas, Texas. http://www.ncua.gov/news/press_releases/2008/MA08-1002.htm Thu, 2 Oct 2008 11:17:00 -0500 October 1, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Defense Credit Union Council’s President/CEO Arty Arteaga to NCUA headquarters yesterday. http://www.ncua.gov/news/press_releases/2008/MA08-1002a.htm Wed, 1 Oct 2008 11:15:00 -0500 October 1, 2008, Alexandria, Va. - - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Navy Federal Credit Union President/CEO Cutler Dawson to NCUA headquarters today. http://www.ncua.gov/news/press_releases/2008/MA08-1001b.htm Wed, 1 Oct 2008 10:15:00 -0500 October 1, 2008, Alexandria, Va. - - National Credit Union Administration (NCUA) today added responses to frequently asked questions (FAQ) to its Internet Share Insurance Tool Kit to enhance public awareness of the protection provided by the NCUA National Credit Union Share Insurance Fund. http://www.ncua.gov/news/press_releases/2008/MA08-1001a.htm Wed, 1 Oct 2008 09:45:00 -0500 October 1, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood video recorded his addresses to the NW Chapter of Credit Unions meeting yesterday in Winston-Salem, North Carolina. http://www.ncua.gov/news/press_releases/2008/MA08-1001.htm Wed, 1 Oct 2008 08:45:00 -0500 Alexandria, Va., September 30, 2008 - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today voiced support for an increase in insurance limits for accounts backed by both the National Credit Union Share Insurance Fund (NCUSIF) and the Federal Deposit Insurance Corporation (FDIC) http://www.ncua.gov/news/press_releases/2008/MA08-0930a.htm Wed, 1 Oct 2008 07:52:00 -0500 Alexandria, Va., September 30, 2008 - The National Credit Union Administration (NCUA) is undertaking a three-pronged approach this week to ensure that members of federal and most state-chartered credit unions are aware their accounts are insured by NCUA and backed by the full faith and credit of the U.S. Government. http://www.ncua.gov/news/press_releases/2008/MA08-0930.htm Wed, 1 Oct 2008 07:32:00 -0500 September 29, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured South Side Community Federal Credit Union in Chicago today. http://www.ncua.gov/news/press_releases/2008/MA08-0929.htm Tue, 30 Sep 2008 07:23:00 -0500 September 29, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) announces today that Alliant Credit Union, of Chicago, Illinois, has purchased the assets and assumed all member shares of the recently liquidated Kaiperm Federal Credit Union of Oakland, California, http://www.ncua.gov/news/press_releases/2008/MR08-0929.htm Mon, 29 Sep 2008 14:23:00 -0500 September 27, 2008, Alexandria, Va. - I am extremely pleased that Congress has responded favorably to our request that NCUA be given authority to lend to its statutorily set Central Liquidity Facility loan level, which is now $41 billion, NCUA Chairman Michael E. Fryzel stated. The careful case that we built in asking for the authority was based on the concept that I wanted to be proactive and preventative, rather than reactive during a crisis, and I commend Congress for providing NCUA an additional tool with which to address liquidity needs that may develop. http://www.ncua.gov/news/press_releases/2008/MA08-0927.htm Sat, 27 Sep 2008 11:05:00 -0500 September 25, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met this week with delegations from the Wisconsin, Georgia, Ohio and Oregon credit union leagues, continuing his encouragement of involvement in the governmental affairs process on the part of credit union volunteers and professionals. http://www.ncua.gov/news/press_releases/2008/MA08-0925.htm Fri, 26 Sep 2008 09:14:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0925_results.htm Thu, 25 Sep 2008 16:00:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0925.htm Thu, 25 Sep 2008 08:58:00 -0500 The National Credit Union Administration today opens a call center and posts an electronic tool kit to help members and credit unions better understand the insurance protection NCUA provides for member accounts. http://www.ncua.gov/news/press_releases/2008/MA08-0923a.htm Tue, 23 Sep 2008 08:30:00 -0500 National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed Stan Hollen, CEO of the CO-OP Network and Carroll Beach, President of the Credit Union Services Corporation to NCUA headquarters today. http://www.ncua.gov/news/press_releases/2008/MA08-0923.htm Tue, 23 Sep 2008 06:30:00 -0500 National Credit Union Administration (NCUA) Chairman Michael E. Fryzel and Board Member Gigi Hyland welcomed 15 Illinois Credit Union and League representatives to Alexandria today. http://www.ncua.gov/news/press_releases/2008/MA08-0919.htm Fri, 19 Sep 2008 03:47:00 -0500 SUNSHINE ACT; NOTICE OF AGENCY MEETING http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0925.htm Thu, 18 Sep 2008 05:10:00 -0500 SUNSHINE ACT; NOTICE OF AGENCY MEETING http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0925.htm Thu, 18 Sep 2008 02:20:00 -0500 Alexandria, Va., September 18, 2008 - The National Credit Union Administration today announces its 2009 Board meeting schedule. http://www.ncua.gov/news/press_releases/2008/MR08-0918a.htm Thu, 18 Sep 2008 01:55:00 -0500 Alexandria, Va., September 18, 2008 - Registration for the Tuesday, October 7, 2008, webinar “Share Insurance 101” is now open. http://www.ncua.gov/news/press_releases/2008/MA08-0918.htm Thu, 18 Sep 2008 01:55:00 -0500 September 18, 2008, Alexandria, Va. - The National Credit Union Administration Board has terminated a published Letter of Understanding (LUA) signed February 16, 2006, by Toledo Metro Federal Credit Union, Toledo, Ohio, recognizing the credit union has resolved the issues discussed in the LUA and improved its underwriting and compliance with NCUA rules and regulations. http://www.ncua.gov/news/press_releases/2008/MR08-0918.htm Thu, 18 Sep 2008 11:05:00 -0500 Alexandria, Va., September 17, 2008 - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2008/MR08-0917b.htm Thu, 18 Sep 2008 11:05:00 -0500 Alexandria, Va., September 17, 2008 - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2008/MR08-0917a.htm Thu, 18 Sep 2008 11:05:00 -0500 September 17, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today in a major address to the National Association of Federal Credit Unions announced his intent to take strong and decisive steps to preserve confidence in the credit union industry. http://www.ncua.gov/news/press_releases/2008/MA08-0917.htm Wed, 17 Sep 2008 11:12:00 -0500 September 17, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) placed Interfaith Federal Credit Union of East Orange, New Jersey, into liquidation yesterday. http://www.ncua.gov/news/press_releases/2008/MR08-0917.htm Wed, 17 Sep 2008 10:36:00 -0500 Alexandria, Va., September 15, 2008 - The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by Hurricane Ike in Texas and Louisiana. http://www.ncua.gov/news/press_releases/2008/MR08-0915.htm Mon, 15 Sep 2008 16:35:00 -0500 September 15, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed 25 Kentucky credit union and League representatives to Alexandria Thursday, and encouraged continued activism and involvement in the governmental affairs process. http://www.ncua.gov/news/press_releases/2008/MA08-0915.htm Mon, 15 Sep 2008 12:38:00 -0500 September 11, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met yesterday with Ben Rogers, the Filene Research Institution’s CU Tomorrow project leader and director of the Institute’s 30 Under 30 group. The former CEO Reports journalist now hosts a popular blog designed to attract Generation “Y,” to join and consider careers in credit unions. http://www.ncua.gov/news/press_releases/2008/MA08-0912.htm Fri, 12 Sep 2008 09:01:00 -0500 Alexandria, Va., September 11, 2008 - In anticipation of the potential impact of Hurricane Ike as it strengthens and makes its way toward the Gulf Coast, the National Credit Union Administration (NCUA) is advising credit unions and credit union members in the potential path of the storm to prepare for all contingencies, including the possible interruption of some credit union operations. http://www.ncua.gov/news/press_releases/2008/MA08-0911.htm Fri, 12 Sep 2008 08:07:00 -0500 The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of 2007 data on mortgage lending transactions throughout the nation at 8,610 financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include, but are not limited to, banks, savings associations, credit unions, and independent mortgage companies. http://www.ncua.gov/news/press_releases/2008/FFIEC_HMDA2007_datapressrelease.pdf Thu, 11 Sep 2008 10:03:00 -0500 September 10, 2008, Alexandria, Va., The wide variety of proactive measures employed by the National Credit Union Administration (NCUA) and Gulf Coast credit unions enabled rapid recovery from potentially disastrous Hurricane Gustav, an assessment of post-disaster results indicates. http://www.ncua.gov/news/press_releases/2008/MR08-0910.htm Wed, 10 Sep 2008 15:10:00 -0500 September 8, 2008, Alexandria, Va. - NCUA Executive Director J. Leonard Skiles announces the appointment of John Kutchey to the position of Deputy Director of the Office of Examination and Insurance (E&I) at NCUA’s headquarters in Alexandria. http://www.ncua.gov/news/press_releases/2008/MA08-0908.htm Mon, 8 Sep 2008 13:25:00 -0500 September 5, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel this week continued his outreach to the credit union industry by touring Selfreliance Ukrainian American Federal Credit Union and North Side Community Federal Credit Union in Chicago. http://www.ncua.gov/news/press_releases/2008/MA08-0905-2.htm Fri, 5 Sep 2008 16:00:00 -0500 September 4, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met today with Illinois Division of Financial Institutions (DFI) Director Robert E. Meza in Chicago. Ill. http://www.ncua.gov/news/press_releases/2008/MA08-0905.htm Fri, 5 Sep 2008 10:41:00 -0500 September 3, 2008, Alexandria, Va. - National Credit Union Administration Chairman Michael E. Fryzel has announced the appointment of Sarah D. Vega, of Chicago, Illinois, as Chief of Staff and Senior Policy Advisor to the Chairman effective September 10, 2008. Vega will advise the Chairman on the full range of issues before the NCUA and oversee the day-to-day management of his office. http://www.ncua.gov/news/press_releases/2008/MA08-0903.htm Wed, 3 Sep 2008 16:30:00 -0500 September 3, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) yesterday assumed control of the operations of Valley Credit Union, a state-chartered, federally insured credit union headquartered in San Jose, California. http://www.ncua.gov/news/press_releases/2008/MR08-0903.htm Wed, 3 Sep 2008 10:50:00 -0500 Alexandria, Va., September 2, 2008 - Board Member Gigi Hyland will be hosting a Symposium recognizing the 75th Anniversary of the signing of the Federal Credit Union Act. The program will be held June 9 and 10, 2009, at the Hyatt Regency Washington D.C. on Capitol Hill. http://www.ncua.gov/news/press_releases/2008/MA08-0902.htm Tue, 2 Sep 2008 16:44:00 -0500 Alexandria, VA, August 29, 2008 - In anticipation of the potential impact of Tropical Storm Gustav as it strengthens and makes its way toward the Gulf Coast, the National Credit Union Administration (NCUA) is advising credit unions and credit union members in the potential path of the storm to prepare for all contingencies, including the possible interruption of some credit union operations. http://www.ncua.gov/news/press_releases/2008/MA08-0829a.htm Fri, 29 Aug 2008 16:44:00 -0500 August 28, 2008, Alexandria, Va.-The National Credit Union Administration today announced results of its continuing reconciliation of accounts at New London Security First FCU in New London, CT, which the federal agency placed into liquidation one month ago today. http://www.ncua.gov/news/press_releases/2008/MA08-0828c.htm Thu, 28 Aug 2008 08:20:00 -0500 August 28, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed National Association of Federal Credit Union (NAFCU) President Fred R. Becker Jr. for their initial meeting today at NCUA headquarters. http://www.ncua.gov/news/press_releases/2008/MA08-0828b.htm Thu, 28 Aug 2008 07:20:00 -0500 August 28, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured and became a member of State Department Federal Credit Union during his visit of the credit union-s headquarters in Alexandria, VA. http://www.ncua.gov/news/press_releases/2008/MA08-0828a.htm Thu, 28 Aug 2008 07:15:00 -0500 August 28, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed National Association of State Credit Union Supervisors (NASCUS President Mary Martha Fortney today at NCUA headquarters. The meeting follows Chairman Fryzel-s speech last week at the NASCUS State System Summit in Seattle. http://www.ncua.gov/news/press_releases/2008/MA08-0828.htm Thu, 28 Aug 2008 07:10:00 -0500 August 27, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel welcomed American Share Insurance (ASI) President Dennis Adams and Executive Vice President Duane Welsh today at NCUA headquarters in Alexandria. http://www.ncua.gov/news/press_releases/2008/MA08-0827.htm Wed, 27 Aug 2008 12:08:00 -0500 August 26, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met today with National Federation of Community Development President Clifford N. Rosenthal today at the NCUA Central office in Alexandria, VA. http://www.ncua.gov/news/press_releases/2008/MA08-0826.htm Tue, 26 Aug 2008 02:54:00 -0500 August 21, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today delivered a message of cooperation and strong regulatory oversight to the National Association of State Credit Union Supervisors 2008 Summit in Seattle, Washington. http://www.ncua.gov/news/press_releases/2008/MA08-0821.htm Thu, 21 Aug 2008 02:51:00 -0500 Alexandria, Va., August 20, 2008 -The overall financial condition of federally insured credit unions remains strong. Assets, loans, shares, and membership demonstrated consistent growth through the first six months of the year according to the June 30, 2008 Call Report data submitted by the nation-s 7,972 federally insured credit unions. http://www.ncua.gov/news/press_releases/2008/MR08-0820.htm Wed, 20 Aug 2008 10:51:00 -0500 Alexandria, Va., August 14, 2008 - The National Credit Union Administration (NCUA) has issued a letter to credit unions highlighting the resources available to help educate members about the benefits of share insurance coverage offered by federally insured credit unions, and announcing NCUA will host a webinar, -Share Insurance 101,- this Fall to provide additional information regarding share insurance protection. Information about the webinar will be forthcoming. http://www.ncua.gov/news/press_releases/2008/MR08-0814.htm Thu, 14 Aug 2008 01:09:00 -0500 August 11, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel held his initial meeting with Credit Union National Association (CUNA) President Daniel A. Mica today at NCUA headquarters in Alexandria. http://www.ncua.gov/news/press_releases/2008/MA08-0811.htm Tue, 12 Aug 2008 12:48:00 -0500 Today, the Wall Street Journal issued an article entitled -Mortgage-Market Trouble Reaches Big Credit Unions.- http://www.ncua.gov/news/press_releases/2008/8-11_WSJ_%20Response_%20for_Corporates.doc Tue, 12 Aug 2008 11:48:00 -0500 August 9, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood hosted his second annual Risk Mitigation Summit Thursday at the Federal Reserve Bank of Chicago. http://www.ncua.gov/news/press_releases/2008/MA08-0809.htm Mon, 11 Aug 2008 06:21:00 -0500 August 8, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) announces that CPM Federal Credit Union of North Charleston, South Carolina, today agreed to purchase and assume the member accounts of recently-liquidated Port Trust Federal Credit Union of Charleston, providing Port Trust FCU members with local credit union service. http://www.ncua.gov/news/press_releases/2008/MR08-0808.htm Fri, 8 Aug 2008 07:53:00 -0500 August 7, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel and Board Member Gigi Hyland, Board Representative to NASCUS, welcomed newly appointed state credit union commissioners and representatives of the National Association of State Credit Union Supervisors for meetings at NCUA-s Alexandria office. http://www.ncua.gov/news/press_releases/2008/MA08-0807.htm Fri, 8 Aug 2008 07:35:00 -0500 August 5, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) placed Port Trust Federal Credit Union of Charleston, South Carolina, into liquidation today. http://www.ncua.gov/news/press_releases/2008/MR08-0805.htm Wed, 6 Aug 2008 07:38:00 -0500 August 4, 2008, Alexandria, Va. - Vice Chairman Rodney Hood announced the agenda for his second -Risk Mitigation Summit,- to be held Thursday, August 7, 2008, at the Federal Reserve Bank in Chicago, Ill. http://www.ncua.gov/news/press_releases/2008/MA08-0804.htm Mon, 4 Aug 2008 11:44:00 -0500 July 29, 2008, Alexandria, Va. - Michael E. Fryzel became Chairman of the National Credit Union Administration today in Chicago, Ill. The Honorable Lee Preston, Judge of the Cook County Circuit Court and longtime friend of Chairman Fryzel, administered the oath of office at noon CDT. http://www.ncua.gov/news/press_releases/2008/MA08-0729.htm Tue, 29 Jul 2008 02:34:00 -0500 July 28, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) announces that the agency placed New London Security Federal Credit Union of New London, Connecticut, into liquidation today. http://www.ncua.gov/news/press_releases/2008/MR08-0728.htm Tue, 29 Jul 2008 09:44:00 -0500 July 28, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with Mr. Jiang Dingzhi, Vice Chairman of the International Department for the Chinese Banking Regulatory Commission (CBRC) during his recent trip to Beijing, China. (Photo below) The purpose of the meeting was to gain a broader understanding of the Chinese financial system and to share best practices of financial regulation. http://www.ncua.gov/news/press_releases/2008/MA08-0728.htm Tue, 29 Jul 2008 09:44:00 -0500 http://www.ncua.gov/NCUABoard/board_reports/board_reports.html Fri, 25 Jul 2008 12:12:00 -0500 July 24, 2008, Alexandria, Va. -The NCUA Board voted to seek an Executive Order from President Bush approving a new agency seal that incorporates the eagle and shield of the Great Seal of the United States to more clearly convey a federal government image. http://www.ncua.gov/news/press_releases/2008/MA08-0724.htm Thu, 24 Jul 2008 02:05:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0724.htm Thu, 24 Jul 2008 11:30:00 -0500 http://www.ncua.gov/news/press_releases/2008/MR08-0721.htm Mon, 21 Jul 2008 05:25:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0724.htm Thu, 17 Jul 2008 02:24:00 -0500 July 16, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) placed Meriden F. A. Federal Credit Union of Meriden, Connecticut, into liquidation today. http://www.ncua.gov/news/press_releases/2008/MR08-0716.htm Wed, 16 Jul 2008 01:15:00 -0500 July 15, 2008, Alexandria, Va. - National Credit Union Administration Board Chairman Designate Michael E. Fryzel met with Chairman JoAnn Johnson and senior NCUA staff during a two-day visit to Washington July 15-16, as part of his preparation for assumption of the NCUA Chairmanship later this month. http://www.ncua.gov/news/press_releases/2008/MA08-0715-2.htm Tue, 15 Jul 2008 09:13:00 -0500 July 15, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood announced today that registration for his 2008 Risk Mitigation Summit, being held at the Federal Reserve Bank of Chicago on August 7, 2008, is now full. However, due to overwhelming interest, you may register to be put on the Wait List. http://www.ncua.gov/news/press_releases/2008/MA08-0715.htm Tue, 15 Jul 2008 11:43:00 -0500 Alexandria, Va., July 14, 2008 National Credit Union Administration (NCUA) Chairman JoAnn Johnson today said, -Member deposits in federal and almost all state chartered credit unions are federally insured by the NCUA, through the National Credit Union Share Insurance Fund (NCUSIF). http://www.ncua.gov/news/press_releases/2008/MR08-0714.htm Tue, 15 Jul 2008 10:16:00 -0500 Alexandria, Va., July 11, 2008 - National Credit Union Administration (NCUA) Board Member Gigi Hyland represented NCUA Tuesday, July 8 in Arlington, Va., at the Federal Deposit Insurance Corporation (FDIC) forum on strategies for promoting responsible, sustainable mortgage lending for low- and moderate-income (LMI) families. http://www.ncua.gov/news/press_releases/2008/MA08-0711.htm Fri, 11 Jul 2008 11:15:00 -0500 July 10, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed NAFCU-s Annual Conference yesterday in San Diego, Calif. http://www.ncua.gov/news/press_releases/2008/MA08-0710.htm Thu, 10 Jul 2008 01:02:00 -0500 Alexandria, Va., July 8, 2008 - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2008/MR08-0709.htm Wed, 9 Jul 2008 12:00:00 -0500 Alexandria, Va., July 7, 2008 -I will take the oath of office and assume the duties of Chairman of the National Credit Union Administration at the end of July. http://www.ncua.gov/news/press_releases/2008/MA08-0707.htm Mon, 7 Jul 2008 09:50:00 -0500 The National Credit Union Administration (NCUA) will partner with the U.S. Internal Revenue Service (IRS) to produce an informational video on the IRS- Volunteer Income Tax Assistance (VITA) Program.- http://www.ncua.gov/news/press_releases/2008/MA08-0702.htm Wed, 2 Jul 2008 11:12:00 -0500 http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Tue, 1 Jul 2008 10:12:00 -0500 July 1, 2008 Alexandria, Virginia - The National Credit Union Administration (NCUA) today liquidated two state chartered California credit unions, Sterlent Credit Union of Pleasanton and Cal State 9 Credit Union of Concord. http://www.ncua.gov/news/press_releases/2008/MA08-0701.htm Tue, 1 Jul 2008 10:00:00 -0500 Alexandria, Va., June 30, 2008 - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood comments on the recent nomination of Sandy K. Baruah to head the Small Business Administration (SBA). http://www.ncua.gov/news/press_releases/2008/MA08-0630-1.htm Mon, 30 Jun 2008 12:30:00 -0500 June 30, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Corporate One Federal Credit Union-s Enterprise Wide Risk Management Conference to communicate to credit union executives the importance of identifying the risks associated with their strategic initiatives and the necessity to manage those risks to enhance the performance of their credit unions. http://www.ncua.gov/news/press_releases/2008/MA08-0630-2.htm Mon, 30 Jun 2008 12:30:00 -0500 Alexandria, Va., June 30, 2008 - As I conclude my service on the Board of the National Credit Union Administration, I would like to take this opportunity to reflect not only on the issues and challenges that have been presented during my tenure, but also on the road ahead for the credit union industry and the role that NCUA will continue to play. http://www.ncua.gov/news/press_releases/2008/MA08-0630.htm Mon, 30 Jun 2008 11:00:00 -0500 Alexandria, Va., June 27, 2008 - NCUA Board nominee Michael E. Fryzel was confirmed today by the U.S. Senate to a seat on the NCUA three-member Board. As the NCUA chairman designee, he will replace Chairman JoAnn Johnson, whose term expired August 12, 2007. http://www.ncua.gov/news/press_releases/2008/MA08-0627.htm Fri, 27 Jun 2008 02:15:00 -0500 -As with the President-s decision to nominate me to the Board of the National Credit Union Administration and confer the high honor of Chairman, I am deeply honored by my U.S. Senate-s confirmation. http://www.ncua.gov/news/press_releases/2008/MA08-0627-1.htm Fri, 27 Jun 2008 02:15:00 -0500 http://www.ncua.gov/news/press_releases/2008/MR08-0626.htm Thu, 26 Jun 2008 12:00:00 -0500 June 24, 2008 - -House passage of the Credit Union, Bank and Thrift Regulatory Relief Act represents a positive step forward in the overall cause of updating the laws under which credit unions operate. http://www.ncua.gov/news/press_releases/2008/MA08-0625-1.htm Wed, 25 Jun 2008 12:25:00 -0500 Alexandria, VA, June 24, 2008 -National Credit Union Administration (NCUA) Board Member Gigi Hyland and her Senior Policy Advisor, Gary Kohn, yesterday participated in a podcast entitled -Current Issues in Credit Unions, Episode 27.- http://www.ncua.gov/news/press_releases/2008/MA08-0625.htm Wed, 25 Jun 2008 09:25:00 -0500 http://www.ncua.gov/NCUABoard/board_reports/BAB08-0618.pdf Thu, 19 Jun 2008 01:15:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0619.htm Thu, 19 Jun 2008 09:00:00 -0500 Alexandria, Va., June 17, 2008 - The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the storms, flooding, and tornadoes in Wisconsin. http://www.ncua.gov/news/press_releases/2008/MR08-0617.htm Tue, 17 Jun 2008 11:40:00 -0500 Alexandria, Va., June 13, 2008 - The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the storms, flooding, and tornadoes in Indiana and Iowa. http://www.ncua.gov/news/press_releases/2008/MR08-0613.htm Fri, 13 Jun 2008 04:15:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0619.htm Thu, 12 Jun 2008 01:30:00 -0500 http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Wed, 11 Jun 2008 02:30:00 -0500 http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Wed, 11 Jun 2008 02:30:00 -0500 June 6, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood was on hand today at the Department of Housing and Urban Development (HUD) as President George W. Bush praised the new HUD Secretary Steven C. Preston and White House Chief of Staff Josh Bolten administered the oath of office. http://www.ncua.gov/news/press_releases/2008/MA08-0609.htm Mon, 9 Jun 2008 01:55:00 -0500 June 5, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified today on the state of the credit unions industry before the Senate Banking Committee. http://www.ncua.gov/news/press_releases/2008/MA08-0506.htm Thu, 5 Jun 2008 12:00:00 -0500 http://www.ncua.gov/news/speeches/speeches_johnson.html Thu, 5 Jun 2008 10:00:00 -0500 May 22, 2008, Alexandria, VA - National Credit Union Administration Board Member Gigi Hyland asked a series of pointed, practical questions at today-s NCUA Board meeting regarding implementation of the Outreach Task Force-s recommendations to collect data on federal credit unions- member income levels and financial services. http://www.ncua.gov/news/press_releases/2008/MA08-0522-4.htm Thu, 22 May 2008 04:20:00 -0500 May 22, 2008, Alexandria, VA - National Credit Union Administration Board Member Gigi Hyland asked a series of pointed, practical questions at today-s NCUA Board meeting regarding implementation of the Outreach Task Force-s recommendations to collect data on federal credit unions- member income levels and financial services. http://www.ncua.gov/news/press_releases/2008/MR08-0522-3.htm Thu, 22 May 2008 04:00:00 -0500 May 22, 2008, Alexandria, VA - National Credit Union Administration Board Member Gigi Hyland asked a series of pointed, practical questions at today-s NCUA Board meeting regarding implementation of the Outreach Task Force-s recommendations to collect data on federal credit unions- member income levels and financial services. http://www.ncua.gov/news/press_releases/2008/MA08-0522-3.htm Thu, 22 May 2008 04:40:00 -0500 May 21, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed a General Forum organized by the Boston and Worcester Alliances for Economic Inclusion (AEI) at Brandeis University in Boston, MA. http://www.ncua.gov/news/press_releases/2008/MA08-0522-1.htm Thu, 22 May 2008 04:10:00 -0500 May 22, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) today selected Patelco Credit Union-s bid to purchase the assets and assume the shares of Cal State 9 Credit Union (Cal 9) of Concord, California. Patelco Credit Union, of San Francisco, California, will provide Cal 9 members with uninterrupted credit union service with consolidation of the two credit unions. http://www.ncua.gov/news/press_releases/2008/MR08-0522-2.htm Thu, 22 May 2008 04:00:00 -0500 May 22, 2008, Alexandria, Va - In recognition of National Hurricane Preparedness Week, May 25, 2008 to May 31, 2008, National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced that a National Hurricane Center link, http://www.nhc.noaa.gov/HAW2/english/intro.shtml, providing consumers with information pertaining to safe money management in the event of a natural disaster and emergency, is now featured on the -What-s New- section of the main page of the MyMoney.gov website. http://www.ncua.gov/news/press_releases/2008/MA08-0522.htm Thu, 22 May 2008 03:45:00 -0500 Results of the 05/22/2008 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/board_reports/BAB08-0522.pdf Thu, 22 May 2008 03:40:00 -0500 Washington - The federal financial regulatory agencies today issued final illustrations for helping consumers understand certain hybrid adjustable rate mortgage (ARM) products. http://www.ncua.gov/news/press_releases/2008/MR08-0522-1.htm Thu, 22 May 2008 03:30:00 -0500 http://www.ncua.gov/news/press_releases/2008/PDF/HybridAdjustable.pdf Thu, 22 May 2008 03:30:00 -0500 May 22, 2008, Alexandria, Va. - The NCUA Board today issued a proposed rule that would modify the agency-s chartering policy to update and clarify the process for approving credit unions to serve -underserved areas.- http://www.ncua.gov/news/press_releases/2008/MR08-0522.htm Thu, 22 May 2008 01:30:00 -0500 Draft Items for the 05/22/2008 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0522.htm Thu, 22 May 2008 09:10:00 -0500 Alexandria, Va., May 20, 2008 - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2008/MR08-0520.htm Tue, 20 May 2008 10:50:00 -0500 http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0522.htm Thu, 15 May 2008 03:00:00 -0500 May 14, 2008, Alexandria, Va. - U.S. Treasury Deputy Assistant Secretary for Legislative Affairs (Banking and Finance) Robert U. Foster, III will join the National Credit Union Administration as Deputy Director of the Office of Public and Congressional Affairs effective May 19, 2008. http://www.ncua.gov/news/press_releases/2008/MR08-0514.htm Wed, 14 May 2008 09:30:00 -0500 NCUA General Counsel Opinion 08-0139 - Permissibility of Borrowing Funds to Purchase Investments http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Mon, 12 May 2008 04:00:00 -0500 NCUA General Counsel Opinion 08-0302 - Conflict of Interest under Member Business Loan (MBL) Rule http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Mon, 12 May 2008 03:11:00 -0500 May 12, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) placed Father Burke Federal Credit Union of Bronx, New York, into liquidation May 12, 2008. http://www.ncua.gov/news/press_releases/2008/MR08-0512.htm Mon, 12 May 2008 11:35:00 -0500 May 2, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Alaska Credit Union League-s Annual Conference in Juneau, AK. Mr. Hood thanked the League for his invitation and noted how appropriate it was for this year-s conference to be held in Juneau while the local area is in the midst of an energy crisis. http://www.ncua.gov/news/press_releases/2008/MA08-0507.htm Wed, 7 May 2008 11:50:00 -0500 May 5, 2008, Alexandria, Va. - The National Credit Union Administration (NCUA) placed St. Luke Baptist Federal Credit Union of Laurelton, New York, into liquidation May 3, 2008. http://www.ncua.gov/news/press_releases/2008/MR08-0505.html Mon, 5 May 2008 11:15:00 -0500 May 1, 2008, Alexandria, Va., The National Credit Union Administration (NCUA) Board has approved a joint proposed rule prohibiting credit card and overdraft service practices as unfair or deceptive under Section 5 of the Federal Trade Commission Act. http://www.ncua.gov/news/press_releases/2008/MR08-0501.html Thu, 1 May 2008 05:00:00 -0500 April 28, 2008, Alexandria, Va. - In recognition of -National Financial Literacy Month,- representatives from the National Credit Union Administration-s (NCUA) Office of Public and Congressional Affairs answered questions and distributed materials regarding financial literacy to Members of Congress and congressional staff at the Jump$tart Coalition-s Financial Literacy Day event held today in the Hart Senate Office Building to highlight the growing importance of financial literacy. http://www.ncua.gov/news/press_releases/2008/MA08-0429.htm Tue, 29 Apr 2008 08:50:00 -0500 April 24, 2008, Alexandria, Va - In recognition of the upcoming National Volunteer Week (April 27 - May 3, 2008), National Credit Union Administration (NCUA) Chairman JoAnn Johnson, presented Gordon A. Simmons, President/CEO of Service Credit Union in Portsmouth, New Hampshire, with the President-s Volunteer Service Award. http://www.ncua.gov/news/press_releases/2008/MA08-0424.htm Thu, 24 Apr 2008 12:40:00 -0500 NCUA Letter to Credit Unions, -Evaluating Third Party Relationships- http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Tue, 22 Apr 2008 01:45:00 -0500 Federal Credit Unions (FCUs) are Depository Institutions http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Tue, 22 Apr 2008 01:45:00 -0500 Benefits for Employees of Credit Union Service Organizations (CUSCOs) http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2008Letters.htm Tue, 22 Apr 2008 01:45:00 -0500 April 18, 2008, Alexandria, Va. - The week of April 21-25, 2008, has been designated by the United States Small Business Administration (SBA) as National Small Business Week. http://www.ncua.gov/news/press_releases/2008/MA08-0418.html Fri, 18 Apr 2008 10:30:00 -0500 Results of the 04/17/2008 NCUA Board Meeting are available. http://www.ncua.gov/NCUABoard/board_reports/BAB08-0417.pdf Thu, 17 Apr 2008 13:00:00 -0500 Draft Items for the 04/17/2008 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0417.htm Thu, 17 Apr 2008 09:00:00 -0500 Federal and State Regulators Gather for Annual NCUA/NASCUS National Regulators Meeting http://www.ncua.gov/news/press_releases/2008/MR08-0416.html Wed, 16 Apr 2008 12:00:00 -0500 Johnson On Financial Literacy: Progress Made, More To Be Done http://www.ncua.gov/news/press_releases/2008/MA08-0415.html Tue, 15 Apr 2008 10:00:00 -0500 Testimony - Chairman JoAnn Johnson Testifies before the House Financial Services Committee on -Financial Literacy- Issues http://www.ncua.gov/news/press_releases/2008/PDF/NCUA_Testimony_Financial_Education_April_15_08.pdf Tue, 15 Apr 2008 10:00:00 -0500 Agenda for the 04/17/2008 NCUA Board Meeting is available http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0417.htm Thu, 10 Apr 2008 02:30:00 -0500 April 9, 2008, Alexandria, Va. - National Credit Union Administration Chairman JoAnn Johnson will join other financial regulators and private sector representatives testifying Tuesday, April 15, 2008, before the House Financial Services Committee on public and private financial literacy initiatives. http://www.ncua.gov/news/press_releases/2008/MR08-0409.htm Wed, 9 Apr 2008 09:15:00 -0500 April 4, 2008, Alexandria, Va - The month of April, 2008, has been recognized as -Financial Literacy Month- by the United States Congress. http://www.ncua.gov/news/press_releases/2008/MA08-0404.htm Fri, 4 Apr 2008 12:15:00 -0500 April 2, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Chairman JoAnn Johnson today announced that information explaining the economic stimulus payments created by the Economic Stimulus Act of 2008 is now featured on the -What-s New- section of the main page of the MyMoney.gov website. http://www.ncua.gov/news/press_releases/2008/MA08-0402.htm Wed, 2 Apr 2008 10:20:00 -0500 March 31, 2008, Alexandria, Va - The Executive Summary of the Treasury Report raises important issues about the optimal structure for governmental oversight of U.S. financial markets. http://www.ncua.gov/news/press_releases/2008/MR08-0331.htm Mon, 31 Mar 2008 05:00:00 -0500 March 26, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Board Member Gigi Hyland detailed an ambitious and far-reaching agenda for NeigborWorks America (NWA), saying that "the NeighborWorks mission is always relevant, but never more than during these uncertain times for America's homeowners." http://www.ncua.gov/news/press_releases/2008/MA08-0326.htm Wed, 26 Mar 2008 12:50:00 -0500 Alexandria, Va., March 25, 2008 - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2008/MR08-0325.htm Tue, 25 Mar 2008 03:05:00 -0500 The federal bank, thrift, credit union, and Farm Credit System regulatory agencies today requested public comment on new and revised interagency questions and answers regarding flood insurance. http://www.ncua.gov/news/press_releases/2008/MR08-0321.htm Fri, 21 Mar 2008 11:38:00 -0500 The NCUA Board issued proposed Interpretive Ruling and Policy Statement (IRPS) No. 08-1, Guidance Regarding Prohibitions Imposed by Section 205(d) of the Federal Credit Union Act. http://www.ncua.gov/NCUABoard/board_reports/BAB08-0320.pdf Thu, 20 Mar 2008 01:10:00 -0500 Proposed Rule:-Interpretive Ruling and Policy Statement (IRPS) 08-1, Guidance Regarding Prohibitions Imposed by Section 205(d) of the Federal Credit Union Act http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 20 Mar 2008 09:00:00 -0500 March 19, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the National Federation of Community Development Credit Unions (NFCDCU) Mortgage Lending Seminar at the Center for Responsible Lending in Durham, N.C., yesterday. http://www.ncua.gov/news/press_releases/2008/MA08-0319.htm Thu, 20 Mar 2008 10:10:00 -0500 The Federal Financial Institutions Examination Council (FFIEC) today issued updated guidance for examiners, financial institutions, and technology service providers to identify business continuity risks and evaluate controls and risk management practices for effective business continuity planning. http://www.ncua.gov/news/press_releases/2008/MR08-0319.htm Wed, 19 Mar 2008 10:52:00 -0500 Letters to Credit Unions http://www.ncua.gov/letters/letters.html Tue, 18 Mar 2008 03:30:00 -0500 March 17, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Flandreau Santee Sioux Tribe-s Town Hall Meeting hosted by MidAmerica Credit Union Association (MACUA) at the Tribe-s reservation north of Sioux Falls, South Dakota, March 13, 2008. http://www.ncua.gov/news/press_releases/2008/MA08-0317-2.htm Mon, 17 Mar 2008 02:45:00 -0500 March 17, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Board Member Gigi Hyland is encouraging credit union officials to review Frequently Asked Questions (FAQs) which were raised by participants during her -Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning- Webinar on January 29, 2008. http://www.ncua.gov/news/press_releases/2008/MA08-0317.htm Mon, 17 Mar 2008 01:25:00 -0500 March 13, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman JoAnn Johnson today attended the briefing by U.S. Treasury Secretary Henry M. Paulson, Jr., as he unveiled the President-s Working Group (PWG) on Financial Markets- recommendations to address present stress in the financial markets. http://www.ncua.gov/news/press_releases/2008/MA08-0314.htm Fri, 14 Mar 2008 07:07:00 -0500 March 13, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Executive Director J. Leonard Skiles has selected NCUA Office of Examination and Insurance Deputy Director Larry Fazio to be Deputy Executive Director of the NCUA, assisting Executive Director Skiles in managing the daily operation of the agency. http://www.ncua.gov/news/press_releases/2008/MR08-0313.htm Thu, 13 Mar 2008 04:40:00 -0500 SUNSHINE ACT; NOTICE OF AGENCY MEETING http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0320.htm Thu, 13 Mar 2008 03:30:00 -0500 Rodney E. Hood joins 245 leading executives, public figures and intellectuals - all age 40 or younger - chosen from around the world http://www.ncua.gov/news/press_releases/2008/MA08-0311.htm Tue, 11 Mar 2008 02:00:00 -0500 March 7, 2008, Alexandria, Va. - Director Tawana James and Adrienne Munroe of the National Credit Union Administration-s Office of Small Credit Union Initiatives (OSCUI) joined other federal agency representatives March 4, 2008, discussing financial education needs in African-American communities at the U.S. Treasury Building in Washington, D.C. http://www.ncua.gov/news/press_releases/2008/MR08-0307.htm Fri, 7 Mar 2008 11:00:00 -0500 Alexandria, VA, March 7, 2008 - The -Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning- webinar facilitated by National Credit Union Administration (NCUA) Board Member Gigi Hyland on January 29, 2008, is available for viewing. http://www.ncua.gov/news/press_releases/2008/MA08-0307.htm Fri, 7 Mar 2008 10:55:00 -0500 March 6, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson testified before the U.S. House Financial Services Committee hearing on "The Need for Credit Union Regulatory Relief." http://www.ncua.gov/news/press_releases/2008/MA08-0306.htm Thu, 6 Mar 2008 11:00:00 -0500 Alexandria, Va. March 5, 2008 - National Credit Union Administration Chairman JoAnn Johnson today stressed the importance of member rights and transparency in her remarks to CUNA's Governmental Affairs Conference. http://www.ncua.gov/news/press_releases/2008/MA08-0305.htm Wed, 5 Mar 2008 10:31:00 -0500 March 4, 2008 Alexandria, Va - Board Member Hyland spoke at the Credit Union National Association-s 2008 Governmental Affairs Conference at the Washington Convention Center in Washington, D.C. Board Member Hyland, Chair of NCUA Outreach Task Force, spoke on NCUA-s Outreach Task Force Report, which was released on February 26, 2008. http://www.ncua.gov/news/press_releases/2008/MA08-0304-2.htm Tue, 4 Mar 2008 04:30:00 -0500 March 4, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Chairman JoAnn Johnson joined federal and state financial regulators testifying before the United States Senate Banking, Housing, and Urban Affairs Committee on -The State of the Banking Industry-.- http://www.ncua.gov/news/press_releases/2008/MA08-0304.htm Tue, 4 Mar 2008 11:50:00 -0500 March 3, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush-s designation of March 2, 2008 through March 8, 2008 as National Consumer Protection Week to highlighted important factors consumers should consider when considering a mortgage. http://www.ncua.gov/news/press_releases/2008/MA08-0303.htm Mon, 3 Mar 2008 10:00:00 -0500 March 3, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson will testify twice before Congress this week. http://www.ncua.gov/news/press_releases/2008/MA08-0303-2.htm Mon, 3 Mar 2008 10:00:00 -0500 February 26, 2008, Alexandria, VA - National Credit Union Administration Board Member Gigi Hyland today formally-presented the Outreach Task Force Report to the NCUA Board. http://www.ncua.gov/news/press_releases/2008/MR08-0226.htm Tue, 26 Feb 2008 08:00:00 -0500 On November 3, 2006, the Member Service Assessment Pilot Program (MSAP) Report was presented to the National Credit Union Administration (NCUA) Board. http://www.ncua.gov/ReportsAndPlans/plans-and-reports/2008/OutreachTFReport-022608.pdf Tue, 26 Feb 2008 08:00:00 -0500 The NCUA Board issued final rule Part 797, Procedures for Debt Collection, concerning collecting debts owed to the federal government by former and present federal employees. http://www.ncua.gov/NCUABoard/board_reports/February21.pdf Thu, 21 Feb 2008 04:45:00 -0500 Alexandria, Va., February 21, 2008 - Federally insured credit unions reported solid loan and share growth and membership expansion in 2007 while loan delinquencies increased according to call report data submitted by the nation-s 8,100 federally insured credit unions. http://www.ncua.gov/news/press_releases/2008/MR08-0221.htm Thu, 21 Feb 2008 01:00:00 -0500 February 15, 2008 Alexandria, Va. - Representatives from the National Credit Union Administration-s (NCUA) Office of Public and Congressional Affairs answered questions and distributed materials regarding consumer protection to interested Members of Congress and their staff at the National Consumer Protection Week Consumer Education Fair on Capitol Hill today. http://www.ncua.gov/news/press_releases/2008/MA08-0219-2.htm Tue, 19 Feb 2008 10:45:00 -0500 Alexandria, Va, February 14, 2008 - National Credit Union Administration Chairman JoAnn Johnson represented NCUA at the first meeting of the President-s Advisory Council on Financial Literacy yesterday at the United States Department of Treasury. http://www.ncua.gov/news/press_releases/2008/MA08-0219.htm Tue, 19 Feb 2008 09:45:00 -0500 Alexandria, Va., February 14, 2008 - NCUA Board Member Gigi Hyland is participating in the Home and Family Finance radio program, sponsored by the Credit Union National Association (CUNA). http://www.ncua.gov/news/press_releases/2008/MA08-0214.htm Thu, 14 Feb 2008 06:00:00 -0500 Alexandria, Va., February 12, 2008 - The National Credit Union Administration Board has issued orders prohibiting the following people from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2008/MR08-0212.htm Thu, 14 Feb 2008 04:10:23 -0500 SUNSHINE ACT; NOTICE OF AGENCY MEETING http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag08-0221.htm Thu, 14 Feb 2008 03:10:23 -0500 Alexandria, Va. February 13, 2008 - 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 and initiatives that are making a positive impact in African American communities. http://www.ncua.gov/news/press_releases/2008/MA08-0213.htm Wed, 13 Feb 2008 12:10:23 -0500 February 11, 2008, Alexandria, Va. - 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. http://www.ncua.gov/news/press_releases/2008/MA08-0212.htm Tue, 12 Feb 2008 03:28:16 -0500 February 8, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the North Carolina Minority Support Center-s (NCMSC) 2008 Community Development Credit Union (CDCU) Summit at the University of North Carolina at Chapel Hill. http://www.ncua.gov/news/press_releases/2008/MA08-0211.htm Mon, 11 Feb 2008 11:28:16 -0500 Alexandria, Va., February 8, 2008 - The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe storms, tornadoes, winds, and flooding in Arkansas and Tennessee. http://www.ncua.gov/news/press_releases/2008/MR08-0130.htm Fri, 8 Feb 2008 02:55:00 -0500 February 4, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the National Association of Federal Credit Unions- (NAFCU) Mid-Sized CEO Roundtable in Williamsburg, Va. http://www.ncua.gov/news/press_releases/2008/MA08-0205.htm Thu, 7 Feb 2008 08:30:00 -0500 Alexandria, Va., January 30, 2008 - The National Credit Union Administration (NCUA) is holding 20 training workshops hosted by NCUA-s Office of Small Credit Union Initiatives in cities across the country in 2008. http://www.ncua.gov/news/press_releases/2008/MR08-0130.htm Wed, 30 Jan 2008 09:30:00 -0500 Alexandria, VA, January 29, 2008 - National Credit Union Administration (NCUA) Board Member Gigi Hyland facilitated a webinar today entitled -Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning.- http://www.ncua.gov/news/press_releases/2008/MA08-0129.htm Wed, 30 Jan 2008 10:44:00 -0500 Results of the 01/24/2008 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/board_reports/board_reports.html Thu, 24 Jan 2008 14:56:50 -0500 January 24, 2008, Alexandria, Va. – The National Credit Union Administration (NCUA) today selected Public Service Credit Union’s bid to purchase the assets and assume the shares of Norlarco Credit Union (Norlarco) of Ft. Collins, Colorado. Public Service Credit Union (PSCU) of Denver, Colorado, will provide Norlarco members with uninterrupted credit union service following consolidation of the two credit unions. http://www.ncua.gov/news/press_releases/2008/MR08-0124.htm Thu, 24 Jan 2008 12:12:54 -0500 Draft Items for the 01/24/2008 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 24 Jan 2008 09:48:09 -0500 This webinar will focus on: the practical implications of the recently released Letter to Credit Unions on Evaluation Third Party Relationships (07-CU-13) and address strategic planning considerations for management and boards of directors. http://www.ncua.gov/news/press_releases/2008/MR08-0123.htm Wed, 23 Jan 2008 03:50:44 -0500 Alexandria, Va., January 22, 2008 – NCUA Chairman JoAnn Johnson used this week's Martin Luther King, Jr. holiday as an opportunity to highlight the importance of financial education while volunteering at an Alexandria, VA, elementary school branch of State Department FCU. http://www.ncua.gov/news/press_releases/2008/MR08-0122.htm Tue, 22 Jan 2008 09:12:44 -0500 Alexandria, VA, January 15, 2008 – Registration for the Tuesday, January 29, 2008 webinar entitled “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” is now open. http://www.ncua.gov/news/press_releases/2008/MA08-0115.htm Tue, 15 Jan 2008 09:12:44 -0500 Alexandria, Va., January 9, 2008 – The National Credit Union Administration has selected Mary Ann Woodson as Chief Financial Officer (CFO) of NCUA effective January 14, 2008. http://www.ncua.gov/news/press_releases/2008/MR08-0109.htm Wed, 9 Jan 2008 12:14:19 -0500 The January 2008 NCUA Newsletter is available. http://www.ncua.gov/news/newsletter/NCUA/NCUANews.html Thu, 3 Jan 2008 10:38:13 -0500 Alexandria, VA, January 2, 2008 – Board Member Gigi Hyland announced today that she will moderate a webinar on Tuesday, January 29, 2008 entitled “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning.” http://www.ncua.gov/news/press_releases/2008/MA08-0102.htm Wed, 2 Jan 2008 13:30:18 -0500 The purpose of this Letter is to provide all Federally Insured Credit Unions with the guidance provided to NCUA field staff regarding the evaluation of credit union relationships with third parties. Attached is the supervisory letter developed to give examiners a standard framework for reviewing third party relationships. http://www.ncua.gov/letters/letters.html Fri, 21 Dec 2007 14:49:12 -0500 December 14, 2007, Alexandria, Va. – The State of Colorado has assumed control of the operations of Zion United Community Credit Union, a state-chartered, federally insured credit union serving residents in Denver, Colorado. http://www.ncua.gov/news/press_releases/2007/MR07-1214.htm Fri, 14 Dec 2007 13:19:11 -0500 Results of the 12/13/2007 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/board_reports/board_reports.html Thu, 13 Dec 2007 12:55:57 -0500 Draft Items for the 12/13/2007 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 13 Dec 2007 08:52:52 -0500 Alexandria, Va. December 12, 2007- National Credit Union Administration Executive Director J. Leonard Skiles told Congress that while NCUA supports legislative proposals to facilitate consumer contact with federal agencies, the Agency also wants to ensure that NCUA continues to have direct responsibility over inquiries regarding credit unions. http://www.ncua.gov/news/press_releases/2007/MA07-1212.htm Wed, 12 Dec 2007 10:11:13 -0500 Alexandria, Va., December 10, 2007 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2007/MR07-1211.htm Wed, 12 Dec 2007 10:10:32 -0500 Agenda for the 12/13/2007 NCUA Board Meeting is available http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag07-1213.htm Thu, 6 Dec 2007 14:50:50 -0500 December 5, 2007 - National Credit Union Administration Vice Chairman Rodney E. Hood issued the following statement regarding Michael Fryzel's nomination to the NCUA Board. http://www.ncua.gov/news/press_releases/2007/MA07-1206-2.htm Thu, 6 Dec 2007 13:15:47 -0500 Alexandria, VA. December 6, 2007 - National Credit Union Administration (NCUA) Board Member Gigi Hyland told Congress today that NCUA favors a balanced approach to restructuring of home mortgages that allows for "prudent workout arrangements" that "benefit both credit unions and their members." http://www.ncua.gov/news/press_releases/2007/MA07-1206.htm Thu, 6 Dec 2007 11:07:04 -0500 Alexandria, Va., December 5, 2007 - National Credit Union Administration (NCUA) Board Member Gigi Hyland followed an Access Across America program, which included a panel on Volunteer Income Tax Assistance (VITA), she hosted in March 2007 with a collaborative NCUA, U.S. Department of Housing and Urban Development and U.S. Internal Revenue Service (IRS) webcast in November. The webcast focused on credit union opportunities to provide free tax preparation service for members. http://www.ncua.gov/news/press_releases/2007/MA07-1205.htm Wed, 5 Dec 2007 13:36:44 -0500 Chairman Johnson's Statement Regarding the President's Intent to Nominate Michael E. Fryzel to the NCUA Board Alexandria, Va., November 30, 2007 - NCUA Chairman JoAnn Johnson issued the following statement regarding President Bush's announcement today that he intends to nominate Michael E. Fryzel of Illinois to be a Member of the National Credit Union Administration Board, with a subsequent designation to be Chairperson. http://www.ncua.gov/news/press_releases/2007/MA07-1203.htm Mon, 3 Dec 2007 10:19:47 -0500 Final Regulation 12 CFR 701.23 - Purchase, Sale, and Pledge of Eligible Obligations http://www.ncua.gov/RegulationsOpinionsLaws/RecentFinalRegs/final_regs.html Wed, 28 Nov 2007 12:07:19 -0500 The Peer Average Ratios for September 2007 are now available http://webapps.ncua.gov/ncuafpr/ Wed, 21 Nov 2007 10:40:36 -0500 Alexandria, Va. November 20, 2007 – National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush’s designation of November as National American Indian Heritage Month to highlight initiatives aimed at expanding credit union service to Native American and Alaskan Native Communities. http://www.ncua.gov/news/press_releases/2007/MR07-1120-2.htm Wed, 21 Nov 2007 10:39:55 -0500 Alexandria, Va., November 20, 2007 – Federally insured credit unions reported strong asset and share growth through September 30, 2007, according to third-quarter 2007 Call Report data submitted by the nation’s 8,163 federally insured credit unions. http://www.ncua.gov/news/press_releases/2007/MR07-1120.htm Wed, 21 Nov 2007 10:38:58 -0500 Draft Items for the 11/15/2007 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 15 Nov 2007 09:26:04 -0500 November 14, 2007, Alexandria, VA - National Credit Union Administration (NCUA) Chairman JoAnn Johnson today announced that Jeremy Carl has been appointed Associate Director of External Affairs. http://www.ncua.gov/news/press_releases/2007/MR07-1114.htm Wed, 14 Nov 2007 13:19:04 -0500 WASHINGTON - The federal financial institution regulatory agencies and the Federal Trade Commission have sent to the Federal Register for publication final rules on identity theft "red flags" and address discrepancies. The final rules implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003. http://www.ncua.gov/news/press_releases/2007/JR07-1113.pdf Tue, 13 Nov 2007 11:50:19 -0500 Agenda for the 11/15/2007 NCUA Board Meeting is available http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag07-1115.htm Thu, 8 Nov 2007 14:38:56 -0500 November 8, 2007, Alexandria, VA – National Credit Union (NCUA) Board Member Gigi Hyland pointed to the early success of the Patriot Express Loan initiative, administered by the U.S. Small Business Administration (SBA), as an example of both the positive outcomes possible when NCUA and other federal agencies collaborate, as well as the opportunities available to credit unions from federal outreach programs. Patriot Express supports veterans, service-disabled veterans and Reserve members by building on the more than one billion dollars in loans already guaranteed by the SBA on an annual basis to the military community. http://www.ncua.gov/news/press_releases/2007/MR07-1108-2.htm Thu, 8 Nov 2007 14:28:54 -0500 November 8, 2007, Alexandria, Va. - The National Credit Union Administration (NCUA) Community Development Revolving Loan Fund (Fund) announced today it has reached its threshold. The Fund has processed 40 loans totaling over $7 million during 2007, and total Fund lending now exceeds $13 million. This is the largest number of loans approved by the Fund in a single year and totals the largest amount of loans ever recorded. http://www.ncua.gov/news/press_releases/2007/MR07-1108.htm Thu, 8 Nov 2007 12:03:50 -0500 November 7, 2007, Alexandria, Va. -The National Credit Union Administration (NCUA) completed negotiations with the National Treasury Employees Union (NTEU) Chapter 303 on the first collective bargaining agreement for NCUA employees on Thursday, November 1, 2007. The 3-year contract provides the framework of working conditions for the NCUA bargaining unit, which includes field examiners and office employees. http://www.ncua.gov/news/press_releases/2007/MR07-1107.htm Wed, 7 Nov 2007 15:05:58 -0500 Alexandria, VA, November 2, 2007 - The National Credit Union Administration (NCUA) Board today liquidated the insolvent Green Tree Federal Credit Union, a $7 million association based credit union in Feasterville, Pennsylvania, that served Friends of Briar Bush, a nonprofit nature conservancy located in Glenside, Pennsylvania. http://www.ncua.gov/news/press_releases/2007/MR07-1105-3.htm Mon, 5 Nov 2007 15:30:49 -0500 Alexandria, VA, November 2, 2007 - The National Credit Union Administration (NCUA) is partnering with the U.S. Internal Revenue Service (IRS) to present a live Volunteer Income Tax Assistance (VITA) Partnership webcast November 14, 2007, from 1:00 p.m. to 2:30 p.m. EST. http://www.ncua.gov/news/press_releases/2007/MR07-1105-2.htm Mon, 5 Nov 2007 11:29:25 -0500 November 2, 2007, Alexandria, Va. - The National Credit Union Administration (NCUA) today assumed control of the operations of Cal State 9 Credit Union, a state-chartered, federally insured, community-based credit union in Concord, California. http://www.ncua.gov/news/press_releases/2007/MR07-1105.htm Mon, 5 Nov 2007 11:05:48 -0500 Alexandria, Virginia, October 25, 2007 – The National Credit Union Administration (NCUA) Region V office examiners stationed in California have contacted all credit unions located in the fire damaged areas of Southern California and at noon (Pacific time) today most credit unions have returned to operations as normal. http://www.ncua.gov/news/press_releases/2007/MR07-1026-2.htm Fri, 26 Oct 2007 09:31:10 -0500 October 25, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Associate Director of External Affairs Justin Grove was selected to serve on special detail at the U.S. Department of Treasury. Grove will advise and assist Treasury officials with task forces and initiatives dealing with financial education and current issues facing the economy. http://www.ncua.gov/news/press_releases/2007/MR07-1026.htm Fri, 26 Oct 2007 09:30:32 -0500 Results of the 10/25/2007 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/board_reports/board_reports.html Thu, 25 Oct 2007 15:29:03 -0500 Joint Release - Agencies Issue Final Rules on Affiliate Marketing Thu, 25 Oct 2007 10:09:39 -0500 Draft Items for the 10/25/2007 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 25 Oct 2007 09:10:40 -0500 Alexandria, Va., October 24, 2007 - The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the wildfires in California. http://www.ncua.gov/news/press_releases/2007/MR07-1024.htm Wed, 24 Oct 2007 12:43:30 -0500 October 24, 2007, Alexandria, Va., - National Credit Union Administration Chairman JoAnn Johnson testified today before the House Financial Services Committee on mortgage reform. The Legislative Proposals on Reforming Mortgage Practices hearing included three panels - federal regulators and state banking supervisors, consumer groups, and industry trade associations. http://www.ncua.gov/news/press_releases/2007/MA07-1024.htm Wed, 24 Oct 2007 10:09:26 -0500 October 17, 2007, Alexandria, Va. – The January and July 2008 open meetings of the National Credit Union Administration Board are being rescheduled to January 24, 2008, and July 24, 2008. Both meetings are scheduled to convene at 10 a.m., with a closed meeting to follow. http://www.ncua.gov/news/press_releases/2007/MR07-1019.htm Fri, 19 Oct 2007 13:23:24 -0500 October 18, 2007, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered remarks during a reception held today at the Federal Reserve Bank of Chicago in honor of the first national credit union partnership between Operation HOPE and Alliant Credit Union, and in recognition of the appointment of David Mooney, President and CEO of Alliant Credit Union as Chairman of the HOPE Midwestern Board. http://www.ncua.gov/news/press_releases/2007/MA07-1019.htm Fri, 19 Oct 2007 12:57:44 -0500 Joint Interagency Proposed Guidance on Garnishment of Federal Benefit Payments Fri, 5 Oct 2007 10:08:03 -0500 October 4, 2007, Alexandria, Va., - National Credit Union Administration (NCUA) Chairman JoAnn Johnson was the afternoon speaker today at the Eastern Regional Conference on Reaching Unbanked People held in New York City, where she emphasized that the financial services world needs to acknowledge there is a problem in reaching the unbanked, financial education is essential to change people's lives, and giving credit unions the opportunity to reach out to underserved areas is key to implementing change. http://www.ncua.gov/news/press_releases/2007/MA07-1005.htm Fri, 5 Oct 2007 09:26:16 -0500 October 3, 2007, Alexandria, Va. – NCUA Chairman JoAnn Johnson will discuss why more than 10 million Americans do not have access to mainstream financial services and the important role financial education plays in stabilizing people lives at the Financial Education and Literacy Commission’s Northeast Regional Conference on Reaching Unbanked People being held in New York City Thursday, October 4, 2007. http://www.ncua.gov/news/press_releases/2007/MA07-1003.htm Wed, 3 Oct 2007 11:29:35 -0500 October 2, 2007, Alexandria, VA- National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the final of six Outreach Task Force “Town Hall” meetings today in Washington, DC. The Task Force, comprised of NCUA staff members and chaired by Board Member Hyland, was created to review the recommendations from the Member Service Assessment Pilot Program (MSAP) and advise the NCUA Board based on the findings. http://www.ncua.gov/news/press_releases/2007/MR07-1003.htm Wed, 3 Oct 2007 08:03:59 -0500 Final Regulation 12 CFR 701.3 - Member Inspection of Credit Union Books, Records, and Minutes Fri, 28 Sep 2007 08:02:02 -0500 Alexandria, Va., September 27, 2007 - The National Credit Union Administration today announces its 2008 Board meeting schedule. The Board plans to convene in 2008 on a Thursday at 10 a.m. each month (except August when the Board historically does not meet) on the following dates: http://www.ncua.gov/news/press_releases/2007/MR07-0928.htm Fri, 28 Sep 2007 07:20:50 -0500 Results of the 9/27/2007 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/board_reports/board_reports.html Thu, 27 Sep 2007 13:15:20 -0500 Draft Items for the 9/27/2007 NCUA Board Meeting are available http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 27 Sep 2007 09:36:28 -0500 September 26, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is filling up quickly for the final of six scheduled Outreach Task Force “Town Hall” meetings, which will be held in Washington, DC on Tuesday, Oct. 2. To register, please visit NCUA’s website at: http://www.ncua.gov/TH-Outreach/Index.htm . http://www.ncua.gov/news/press_releases/2007/MA07-0926.htm Wed, 26 Sep 2007 10:43:24 -0500 September 21, 2007, Alexandria, Va. –The National Credit Union Administration (NCUA) will hold its seventh annual Budget Briefing and Public Forum in October. Executive Director Len Skiles will introduce the proposed 2008 budget and the public is invited to attend and provide input. http://www.ncua.gov/news/press_releases/2007/MA07-0921.htm Fri, 21 Sep 2007 11:35:58 -0500 Agenda for the 9/27/2007 NCUA Board Meeting is available http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag07-0927.htm Thu, 20 Sep 2007 14:13:01 -0500 WASHINGTON — The federal financial regulatory agencies (Agencies) today requested public comment on a statement encouraging federally regulated financial institutions to follow best practices to protect federal benefit payments from garnishment orders. http://www.ncua.gov/news/press_releases/2007/JR07-0919.pdf Wed, 19 Sep 2007 16:47:11 -0500 Washington, DC, September 17, 2007 - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered remarks today at the Credit Union National Association (CUNA) Payment Systems Conference. Attracting CEOs, management, and operations staff from around the country, the three-day conference addresses payment system issues. As part of his continuing effort to promote the best practices of enterprise wide risk management, Hood's remarks concentrated on the evolving Payment Systems, Remote Deposit Capture, Money Service Businesses, and Emerging Retail Payments. http://www.ncua.gov/news/press_releases/2007/MA07-0918.htm Tue, 18 Sep 2007 15:10:37 -0500 NCUA Challenges Lawsuit September 12, 2007, Alexandria, VA –The National Credit Union Administration (NCUA) filed a motion on September 7, 2007, with the U.S. District Court for the Eastern District of Virginia, to dismiss a suit challenging credit union conversion rules promulgated by NCUA. The organization that filed the suit, the Coalition for Credit Union Charter Options, claims in its complaint that it seeks to preserve charter choice for credit unions. A hearing on NCUA’s motion is tentatively scheduled for October 19, 2007. http://www.ncua.gov/news/press_releases/2007/MR07-0913.htm Thu, 13 Sep 2007 07:30:14 -0500 Joint Interagency Media Release - Federal Financial Regulatory Agencies Announce Availability of the 2006 HMDA Home Loan Data Wed, 12 Sep 2007 10:37:37 -0500 The Insurance Report of Activity for August 2007 is available http://www.ncua.gov/ReportsAndPlans/delegated/Delegated.html Tue, 11 Sep 2007 14:54:50 -0500 The Multiple Common Bond Expansion report for August 2007 is available http://www.ncua.gov/ReportsAndPlans/MCBEReport/MCBEReport.htm Tue, 11 Sep 2007 08:51:04 -0500 September 7, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in a Senior Managers Forum in Portland, Maine. Hosted by the Maine Credit Union League, the forum served as an opportunity for a frank discussion about current issues facing the credit union industry. Prior to the forum, Mr. Hood met with members of the Maine Credit Union League’s Board of Directors. http://www.ncua.gov/news/press_releases/2007/MR07-0911.htm Tue, 11 Sep 2007 08:35:12 -0500 The federal financial regulatory agencies and the Conference of State Bank Supervisors (CSBS) on Tuesday issued a statement encouraging federally regulated financial institutions and state-supervised entities that service securitized residential mortgages to review to determine the full extent of their authority under pooling and servicing agreements to identify borrowers at risk of default and pursue appropriate loss mitigation strategies designed to preserve homeownership. Tue, 4 Sep 2007 13:34:36 -0500 August 24, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Board Member Gigi Hyland met with Kimberly Reed, Director of the Community Development Financial Institutions (CDFI) Fund, U.S. Department of Treasury, last week to discuss ways credit unions can enhance their already significant role with this important government program. The CDFI Fund's mission is to expand the capacity of financial institutions to provide credit, capital, and financial services to underserved populations and communities in the United States. Currently, 133 credit unions are certified as CDFIs. http://www.ncua.gov/news/press_releases/2007/MR07-0824.htm Fri, 24 Aug 2007 14:44:23 -0500 Agencies Release Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual Fri, 24 Aug 2007 11:05:51 -0500 Alexandria, Va. August 23, 2007 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2007/MR07-0823.htm Thu, 23 Aug 2007 11:35:11 -0500 Alexandria, Va., August 22, 2007 – Federally insured credit unions reported solid asset and share growth through June 30, 2007, according to mid-year 2007 call report data submitted by the nation’s 8,238 federally insured credit unions. http://www.ncua.gov/news/press_releases/2007/MR07-0822.htm Thu, 23 Aug 2007 11:34:21 -0500 Alexandria, Va., August 21, 2007 – The National Credit Union Administration (NCUA) has contracted with AT&T Wireless to issue cellular phones to all field examiners in the near future. http://www.ncua.gov/news/press_releases/2007/MR07-0821.htm Tue, 21 Aug 2007 15:28:27 -0500 August 17, 2007 - National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the fifth of six Outreach Task Force Meetings on Wednesday in Denver, CO. Over 100 participants from seven different states, including Arizona, Colorado, Nebraska, Nevada, New Mexico, Utah, and Wyoming attended the meeting. http://www.ncua.gov/news/press_releases/2007/MR07-0817.htm Fri, 17 Aug 2007 15:28:22 -0500 Proposed Joint Regulation - Proposed Illustrations of Consumer Information for Subprime Mortgage Lending http://www.ncua.gov/RegulationsOpinionsLaws/proposed_regs/proposed_regs.html Tue, 14 Aug 2007 13:54:15 -0500 The federal financial regulatory agencies today issued proposed illustrations of consumer information for certain adjustable-rate mortgage (ARM) products described in the agencies’ Statement on Subprime Mortgage Lending (Subprime Statement), effective July 10, 2007. The Subprime Statement recommends communications that ensure consumers have clear, balanced, and timely information about the relative benefits and risks of certain ARM products. The illustrations are intended to assist institutions in providing this information. Tue, 14 Aug 2007 13:48:38 -0500 August 10, 2007, Alexandria, VA –National Credit Union Administration (NCUA) Board Member Gigi Hyland participated in a podcast this week to address the latest best practices credit unions may consider in order to protect their members from data breaches and security risks. http://www.ncua.gov/news/press_releases/2007/MR07-0810.htm Fri, 10 Aug 2007 13:40:34 -0500 The Insurance Report of Activity for July 2007 is available Fri, 10 Aug 2007 11:29:04 -0500 The Multiple Common Bond Expansion report for July 2007 is available Fri, 10 Aug 2007 07:51:35 -0500 The August 2007 NCUA Newsletter is available Fri, 10 Aug 2007 07:09:49 -0500 The July 2007 NCUA Newsletter is available Tue, 7 Aug 2007 13:52:15 -0500 August 7, 2007, Alexandria, Va. – The National Credit Union Administration (NCUA) has created “The Resource Connection” website as a central location to access and share information on credit union business practices, partnership resources, funding and training opportunities. Access "The Resource Connection" by clicking on the new computer icon located on NCUA's homepage http://www.ncua.gov. http://www.ncua.gov/news/press_releases/2007/MR07-0807.htm Tue, 7 Aug 2007 13:26:32 -0500 August 3, 2007, Alexandria, VA - National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for the final of six scheduled Outreach Task Force "Town Hall" meetings, which will be held in Washington, DC on Tuesday, Oct. 2. To register, please visit NCUA's website at: http://www.ncua.gov/TH-Outreach/Index.htm . http://www.ncua.gov/news/press_releases/2007/MA07-0803.htm Fri, 3 Aug 2007 13:49:36 -0500 July 30, 2007, Alexandria, VA - NCUA Board Member Gigi Hyland participated in the Fifth Annual Regulator’s Roundtable in Calgary, Canada, on Saturday and Sunday, July 28-29. The Roundtable was part of the World Council of Credit Union Conference. Also participating were regulatory heads from countries representing nearly every continent on the globe, including those from North and South America, the Caribbean, Europe, Africa, Asia, and Australia. http://www.ncua.gov/news/press_releases/2007/MR07-0731.htm Tue, 31 Jul 2007 07:08:30 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson and National Association of State Credit Union Supervisors (NASCUS) Chairman Linda Jekel today signed a NCUA/NASCUS Document of Cooperation, symbolizing federal and state regulators continued commitment to cooperatively ensure the safety and soundness of federally insured, state-chartered credit unions. http://www.ncua.gov/news/press_releases/2007/JR07-0724.pdf Tue, 24 Jul 2007 14:44:34 -0500 National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with Karl Yoneshige, President and CEO of HawaiiUSA Federal Credit Union and Nicholas Owens, National Ombudsman for the U.S. Small Business Administration to discuss the pivotal role credit unions play in spurring economic growth and development through sound and innovative member business lending. http://www.ncua.gov/news/press_releases/2007/MA07-0723-2.htm Mon, 23 Jul 2007 14:18:12 -0500 National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood visited with Hawaii's two NeighborWorks America affiliates. http://www.ncua.gov/news/press_releases/2007/MA07-0723.htm Mon, 23 Jul 2007 14:17:03 -0500 The federal financial regulatory agencies on Thursday issued a statement setting forth the agencies' policy for enforcing specific anti-money laundering requirements of the Bank Secrecy Act (BSA). The purpose of the Interagency Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements is to provide greater consistency among the agencies in enforcement decisions in BSA matters and to offer insight into the considerations that form the basis of those decisions. http://www.ncua.gov/news/press_releases/2007/JR07-0719.pdf Thu, 19 Jul 2007 10:01:54 -0500 The Insurance Report of Activity for June 2007 is available http://www.ncua.gov/ReportsAndPlans/delegated/Delegated.html Thu, 19 Jul 2007 09:05:54 -0500 NCUA is joining other FFIEC Regulators in issuing a final Interagency Statement on Subprime Mortgage Lending. The statement was developed to address emerging risks with certain subprime mortgage products and lending practices. The statement outlines sound risk management practices and consumer protection principles. http://www.ncua.gov/letters/letters.html Thu, 19 Jul 2007 06:33:52 -0500 Revised Federal Credit Union Act is Available http://www.ncua.gov/RegulationsOpinionsLaws/fcu_act/fcu_act.pdf Wed, 18 Jul 2007 13:12:47 -0500 Media Advisory - Board Member Hyland, Outreach Task Force, Gain Valuable Insight During Los Angeles Town Hall Meeting http://www.ncua.gov/news/press_releases/2007/MA07-0718.htm Wed, 18 Jul 2007 12:53:03 -0500 The June Trade, Industry and Profession report is available http://www.ncua.gov/ReportsAndPlans/TIPReport/Index.htm Wed, 18 Jul 2007 10:31:35 -0500 The Community Charters report for June 2007 is available http://www.ncua.gov/ReportsAndPlans/comm_charter_rpt/communitychartersreport.html Wed, 18 Jul 2007 09:16:55 -0500 The Underserved Area report for June 2007 is available http://www.ncua.gov/ReportsAndPlans/AcccessAmericaRpt/AccessAmericaRpts.htm Wed, 18 Jul 2007 09:14:45 -0500 The Multiple Common Bond Expansion report for June 2007 is available http://www.ncua.gov/ReportsAndPlans/MCBEReport/MCBEReport.htm Wed, 18 Jul 2007 09:13:21 -0500 Media Advisory - Chairman Johnson Responds to Credit Union Conversion Lawsuit http://www.ncua.gov/news/press_releases/2007/MA07-0711.htm Thu, 12 Jul 2007 07:06:53 -0500 NCUA General Counsel Opinion 07-0222 - Political Activities of Credit Unions - 06/19/2007 This is an opinion of the NCUA Office of the General Counsel addressing Political Activities of Credit Unions http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2007Letters.htm Tue, 10 Jul 2007 14:24:08 -0500 NCUA General Counsel Opinion 07-0627 - Member Agreement to Accept Electronic Communications Regarding Conversions - 06/26/2007 This is an opinion of the NCUA Office of the General Counsel Addressing Member Agreement to Accept Electronic Communications Regarding http://www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2007Letters.htm Tue, 10 Jul 2007 14:24:05 -0500 The National Credit Union Administration (NCUA) has issued an administrative cease and desist order compelling Garden Savings Federal Credit Union to implement an adequate Bank Secrecy Act/Anti-Money Laundering Program. http://www.ncua.gov/news/press_releases/2007/MR07-0710.htm Tue, 10 Jul 2007 14:22:22 -0500 The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2007/MR07-0709-2.htm Mon, 9 Jul 2007 13:19:09 -0500 The National Credit Union Administration Board has issued prohibition orders for convicted felons Joseph E. Pogue and Jean T. Pogue to prohibit them from participating in any manner in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2007/MR07-0709.htm Mon, 9 Jul 2007 09:33:57 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced today the availability of a financial education library on the NCUA website. http://www.ncua.gov/news/press_releases/2007/MA07-0703-2.htm Mon, 9 Jul 2007 09:32:58 -0500 National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for an upcoming Outreach Task Force "Town Hall" meeting to be held in Denver, Colo., on Wednesday, August 15. http://www.ncua.gov/news/press_releases/2007/MA07-0703.htm Mon, 9 Jul 2007 09:32:05 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson was on hand yesterday at the U.S. Department of Treasury as Secretary Henry M. Paulson, Jr. administered the oath of office to David G. Nason, while swearing him in as Assistant Secretary for Financial Institutions. http://www.ncua.gov/news/press_releases/2007/MA07-0629.htm Fri, 29 Jun 2007 10:46:19 -0500 The federal financial regulatory agencies today issued a final Statement on Subprime Mortgage Lending to address issues relating to certain adjustable-rate mortgage (ARM) products that can cause payment shock. http://www.ncua.gov/news/press_releases/2007/JR07-0629.pdf Fri, 29 Jun 2007 10:09:29 -0500 The content of the FPR has been updated as of June 30, 2007, to include new Call Report accounts and information. Attached is the updated user's guide for the FPR. The users guide explains how to obtain and use the data contained FPR. http://www.ncua.gov/GuidesManuals/fpr_guide/fpr_guide.htm Fri, 29 Jun 2007 09:12:52 -0500 Regulatory Alert: FinCEN interpretive guidance - Advises credit union of the June 2007 publication of interpretive guidance by the Financial Crimes Enforcement Network (FinCEN). FinCEN issued interpretive guidance on two separate subjects: Suspicious Activity Report Supporting Documentation and Requests by Law Enforcement for Financial Institutions to Maintain Accounts http://www.ncua.gov/reg_alerts/reg_alert.html Fri, 29 Jun 2007 08:13:13 -0500 The National Credit Union Administration has posted the questions and answers (Q&A) discussed at last week's monthly NCUA Board meeting by the Board and staff pertaining to prompt corrective action (PCA) reform. http://www.ncua.gov/news/press_releases/2007/MA07-0628.htm Thu, 28 Jun 2007 09:29:59 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson today emphasized NCUA's proactivity and interest in working closely with the U.S. Department of Treasury to help credit unions improve Bank Secrecy Act rules and requirements for credit unions and other financial service providers. http://www.ncua.gov/news/press_releases/2007/MA07-0626.htm Wed, 27 Jun 2007 06:51:29 -0500 NCUA proposes to amend its rule governing the purchase, sale, and pledge of eligible obligations, as a result of recommendations from its annual regulatory review process, by adding a conflict of interest provision substantially similar to the conflict of interest provision in NCUA's general lending rule. This addition is intended to help ensure that a federal credit union's (FCU) decisions regarding the purchase, sale, and pledge of eligible obligations are made with the FCU's best interests in mind. http://www.ncua.gov/RegulationsOpinionsLaws/proposed_regs/proposed_regs.html Fri, 22 Jun 2007 09:04:13 -0500 The Insurance Report of Activity for May 2007 is Available http://www.ncua.gov/ReportsAndPlans/delegated/Delegated.html Fri, 22 Jun 2007 09:01:46 -0500 The Multiple Common Bond Expansion Report for May 2007 is Available http://www.ncua.gov/ReportsAndPlans/MCBEReport/MCBEReport.htm Fri, 22 Jun 2007 08:58:39 -0500 Today our Board made explicit NCUA's support for reforms of the system of prompt corrective action (PCA) and the creation of a risk based capital regime for credit unions. Recognizing that a statutory change is needed before such reforms could be instituted; the NCUA Board took this step as a way to set forth the sound policy rationale for improvements that would enhance the regulatory oversight capability of NCUA while enabling credit unions to better serve their members. http://www.ncua.gov/news/press_releases/2007/MA07-0621-2.htm Thu, 21 Jun 2007 12:18:49 -0500 Draft Items for the 6/21/2007 NCUA Board Meeting are Available http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 21 Jun 2007 08:54:18 -0500 June 20, 2007, Alexandria, Va. - The October meeting of the National Credit Union Administration Board is rescheduled to October 25, 2007, at 10 a.m. http://www.ncua.gov/news/press_releases/2007/MA07-0621.htm Thu, 21 Jun 2007 07:02:18 -0500 June 15, 2007, Alexandria, VA - On June 12, 2007, the board of directors of Peoples First Choice Federal Credit Union (PFC FCU) voluntarily consented to conservatorship, accordingly, the National Credit Union Administration (NCUA) has assumed control of service and operations at the credit union, with assets of $24.1 million, located in Glen Rock, New Jersey. http://www.ncua.gov/news/press_releases/2007/MA07-0615.htm Fri, 15 Jun 2007 10:42:48 -0500 The May 2007 reports for the Community Development Revolving Loan Fund are available http://www.ncua.gov/ReportsAndPlans/CDRLF/statements.html Wed, 13 Jun 2007 14:06:27 -0500 This report highlights Credit Union financial trends for the first three months of 2007. We based our data complied from the quarterly Call Reports submitted by all federally insured Credit Unions. http://www.ncua.gov/letters/letters.html Wed, 13 Jun 2007 14:04:16 -0500 The June 5300 application is available http://www.ncua.gov/data/5300/5300.html Wed, 13 Jun 2007 14:03:44 -0500 Board Member Gigi Hyland today attended the announcement of the Small Business Administration's new Patriot Express Pilot Loan Initiative. This streamlined loan product, based on the SBA Express loan program, is for veterans and members of the military community wanting to establish or expand small businesses. Board Member Hyland serves as the NCUA board liaison to the SBA. http://www.ncua.gov/news/press_releases/2007/MA07-06013.htm Wed, 13 Jun 2007 14:02:52 -0500 Regulatory Alert: The SAR Activity Review – Trends, Tips & Issues, Issue 11, May 2007 – Advises credit unions of the May 2007 issue of the SAR Activity Review – Trends, Tips & Issues published by the Financial Crimes Enforcement Network (FinCEN). This publication provides information about suspicious activity reported to FinCEN. http://www.ncua.gov/reg_alerts/reg_alert.html Mon, 11 Jun 2007 14:36:18 -0500 National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered an address during the Big Ten Credit Union Conference (BTCUC) at the University of Notre Dame in South Bend, IN. http://www.ncua.gov/news/press_releases/2007/MA07-0609.htm Mon, 11 Jun 2007 14:27:29 -0500 National Credit Union Administration Board Member Gigi Hyland spoke at the National Federation of Community Development Credit Unions 33rd Annual Conference on Serving the Underserved in New Orleans, LA. During her visit, Hyland also visited seven small credit unions and met with their Boards and staff. http://www.ncua.gov/news/press_releases/2007/MA07-0608-2.htm Fri, 8 Jun 2007 14:16:10 -0500 The June 2007 NCUA Newsletter is available http://www.ncua.gov/news/newsletter/NCUA/NCUANews.html Fri, 8 Jun 2007 13:17:45 -0500 June 7, 2007, Alexandria, VA.- National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified this morning at a hearing before the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit. Chairman Johnson was invited to share insights regarding the Federal Reserve Board's proposed revisions to Regulation Z, relating to credit card disclosures and other practices; and measures credit card issuers have made or will make to improve consumer protection. http://www.ncua.gov/news/press_releases/2007/MA07-0607-2.htm Thu, 7 Jun 2007 16:12:40 -0500 National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the third of six scheduled Outreach Task Force Meetings yesterday in New Orleans, LA. The creation of the Outreach Task Force is in further response to the findings in NCUA's Member Service Assessment Pilot Program (MSAP) which was issued in November, 2006. The purpose of the town hall meetings is to gather input and ideas from credit unions, credit union leagues, and other interested parties on the recommendations from the MSAP. http://www.ncua.gov/news/press_releases/2007/MA07-0607.htm Thu, 7 Jun 2007 16:02:18 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson spoke during the general session of CUNA America's Credit Union Conference and Expo in Las Vegas, NV. http://www.ncua.gov/news/press_releases/2007/MA07-0606.htm Wed, 6 Jun 2007 07:16:56 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson has been invited to testify at a hearing before the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit. http://www.ncua.gov/news/press_releases/2007/MA07-0604.htm Mon, 4 Jun 2007 13:00:57 -0500 Media Advisory -NCUA Chairman Johnson's Statement on the Fifth Anniversary of the U.S. Department of Treasury's Office of Financial Education http://www.ncua.gov/news/press_releases/2007/MA07-0601.htm Fri, 1 Jun 2007 10:11:17 -0500 NCUA is joining other FFIEC Regulators in issuing final illustrations of Consumer Information for Nontraditional Mortgage Products. These illustrations provide the type of consumer information recommended by the recently issued Interagency Guidance on Nontraditional Mortgage Product Risk. http://www.ncua.gov/letters/letters.html Fri, 1 Jun 2007 10:08:47 -0500 The federal bank, thrift, and credit union regulatory agencies on Thursday issued final illustrations of consumer information intended to help institutions implement the consumer protection portion of the Interagency Guidance on Nontraditional Mortgage Product Risks that the agencies adopted October 4, 2006. The consumer protection section of the guidance sets forth recommended practices to ensure that consumers have clear and balanced information about nontraditional mortgages before choosing a mortgage product or before selecting a payment option for an existing mortgage. http://www.ncua.gov/news/press_releases/2007/JR07-0531.pdf Thu, 31 May 2007 16:34:13 -0500 May 29, 2007, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with Congressman Spencer Bachus last week on Capitol Hill. Congressman Bachus serves as the ranking member of the House Committee on Financial Services. In recognition of President Bush's declaration of last week as National Hurricane Preparedness Week, the Vice Chairman and ranking member Bachus discussed the action taken by NCUA in order to prepare the credit union community for hurricanes and other weather related emergencies. http://www.ncua.gov/news/press_releases/2007/MA07-0529-2.htm Tue, 29 May 2007 13:28:44 -0500 May 29, 2007, Alexandria, VA - National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for an upcoming Outreach Task Force "Town Hall" meeting to be held in Los Angeles, CA on Monday, July 16. To register, please visit NCUA's website at: http://www.ncua.gov/TH-Outreach/Index.htm http://www.ncua.gov/news/press_releases/2007/MA07-0529.htm Tue, 29 May 2007 11:26:15 -0500 The NCUA 2006 Annual Report is available http://www.ncua.gov/ReportsAndPlans/annualrpt/annualrpt.html Fri, 25 May 2007 08:38:59 -0500 NCUA is proposing to reincorporate the Federal Credit Union (FCU) Bylaws into NCUA regulations. This change clarifies NCUA's ability to use a range of enforcement authorities, in appropriate cases, to enforce the FCU Bylaws. In addition, NCUA is adding a bylaw provision on director succession, an issue it has previously addressed in legal opinions, and is revising the introduction to the Bylaws to conform it to these changes. http://www.ncua.gov/RegulationsOpinionsLaws/proposed_regs/proposed_regs.html Thu, 24 May 2007 13:13:48 -0500 Board Member Gigi Hyland's Statement on Chartering and Field of Membership Amendments Considered at Today's Board Meeting http://www.ncua.gov/news/press_releases/2007/MA07-0524.htm Thu, 24 May 2007 12:52:06 -0500 Draft Items for the 5/24/2007 NCUA Board Meeting are Available http://www.ncua.gov/NCUABoard/draftboardactions/index.htm Thu, 24 May 2007 09:00:15 -0500 Donated Equity - 07-1 - This bulletin eliminates the regulatory accounting practice of recording Donated Equity upon the receipt of tangible fixed asset donations of material value in favor of following generally accepted accounting principles recognizing income; and To present a regulatory accounting practice in the basic accounting for NCUA grants received by small credit unions, i.e., credit unions under $10 million in assets. http://www.ncua.gov/GuidesManuals/accounting_bulletins/accounting_bullet.html Wed, 23 May 2007 10:32:04 -0500 President Bush has declared May 20 through May 26 as National Hurricane Preparedness Week. This week is an opportunity to raise awareness of measures Americans can take to protect their families and finances in the event of these weather related emergencies. http://www.ncua.gov/news/press_releases/2007/MR07-0522.htm Tue, 22 May 2007 14:13:19 -0500 Suspicious Activity Report Depository Institution Form - advises credit unions the Financial Crimes Enforcement Network announced the delay of the implementation of the revised Suspicious Activity Report Depository Institution Form (SAR-DI) that was to become effective June 30, 2007. This delay does not affect the BSA filing requirements for suspicious activity reporting, and credit unions should continue using the current SAR form. http://www.ncua.gov/reg_alerts/reg_alert.html Tue, 22 May 2007 14:03:42 -0500 Credit unions reported strong savings and asset growth while membership grew to over 86 million people during the first quarter of 2007 according to Call Report data submitted by the country's 8,305 federally insured credit unions. http://www.ncua.gov/news/press_releases/2007/MR07-0521.htm Mon, 21 May 2007 14:48:24 -0500 National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the 2007 Pennsylvania Credit Union Association's Annual Convention and Exposition during the business meeting session in Hershey, PA. http://www.ncua.gov/news/press_releases/2007/MA07-0521.htm Mon, 21 May 2007 12:11:34 -0500 National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the 2007 Michigan Credit Union League Annual Convention and Exposition during the keynote session in Detroit, MI. Hood was joined by Michigan State Representative Andy Coulouris, Chair of the House Banking and Financial Services Committee. http://www.ncua.gov/news/press_releases/2007/MA07-0518-2.htm Fri, 18 May 2007 13:20:15 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson participated in the grand opening of the main branch of the Pacoima Development Federal Credit Union, (PDFCU) located in the Northeast San Fernando Valley of California, and consisting of a significant percentage of underserved communities. http://www.ncua.gov/news/press_releases/2007/MA07-0518.htm Fri, 18 May 2007 06:51:46 -0500 National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed a conference hosted by the Hispanic Alliance for Progress Institute (HAPI) in Austin, TX. The conference focused on the state of consumer finance and solutions to predatory lending. Following the roundtable discussion, Hood met with Texas Attorney General Greg Abbott and Leslie Pettijohn, the Texas Consumer Credit Commissioner. http://www.ncua.gov/news/press_releases/2007/MA07-0517.htm Thu, 17 May 2007 13:55:37 -0500 The Agenda for the 5/24/2007 NCUA Board Meeting is Available http://www.ncua.gov/NCUABoard/Calendars/board_calendar/ag07-0524.htm Thu, 17 May 2007 13:55:02 -0500 The Multiple Common Bond Expansion Report identifies the number of select group expansions approved, deferred and denied for federal credit unions. The report is presented in a year-to-date format and is updated monthly. http://www.ncua.gov/ReportsAndPlans/MCBEReport/MCBEReport.htm Wed, 16 May 2007 13:45:37 -0500 The April 2007 Insurance Report of Activity is available http://www.ncua.gov/ReportsAndPlans/delegated/Delegated.html Tue, 15 May 2007 13:25:03 -0500 National Credit Union Administration (NCUA) General Counsel Robert M. Fenner has sent a letter to Everest National Insurance Company expressing the agency's concern over pending litigation between Everest National and former officials of Centrix Financial, LLC (Centrix). http://www.ncua.gov/news/press_releases/2007/MA07-0511.htm Fri, 11 May 2007 12:18:08 -0500 The National Credit Union Administration (NCUA) liquidated Sharebuilders Federal Credit Union, of Northridge, Calif., April 25, 2007. http://www.ncua.gov/news/press_releases/2007/MR07-0509-2.htm Thu, 10 May 2007 07:45:37 -0500 The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2007/MR07-0509.htm Wed, 9 May 2007 07:19:59 -0500 National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Municipal Credit Union's Annual Meeting in New York City as the first ever outside speaker invited to their Annual Meeting in over 90 years. This particular meeting marked a milestone for the credit union as they celebrated 90 years in service. http://www.ncua.gov/news/press_releases/2007/MR07-0508.htm Tue, 8 May 2007 13:05:00 -0500 The April Community Development Revolving Loan Funds reports are available http://www.ncua.gov/ReportsAndPlans/CDRLF/statements.html Tue, 8 May 2007 12:38:59 -0500 The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. http://www.ncua.gov/news/press_releases/2007/MR07-0504.htm Fri, 4 May 2007 14:52:45 -0500 National Credit Union Administration (NCUA) Chairman JoAnn Johnson and NCUA staff answered questions and distributed materials regarding financial education to interested Members of Congress and their staff at an event on Capitol Hill last week. NCUA was joined by several other federal agencies and financial organizations at the event, part of “Financial Literacy Month.” http://www.ncua.gov/news/press_releases/2007/MA07-0502.htm Wed, 2 May 2007 13:02:07 -0500