National Credit Union Administration (ncua)
U.S. Government: Agencies/Departments/Divisions | Federal Agencies
Recent News About National Credit Union Administration (ncua)
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FFIEC releases comprehensive report on mortgage lending activities in U.S.for23
WASHINGTON, D.C. (July 11, 2024) – The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.
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NCUA extends CDRLF grant application deadline to July 12
The National Credit Union Administration (NCUA) has extended the deadline for applying for 2024 Community Development Revolving Loan Fund (CDRLF) grants to July 12. The agency will administer more than $3.4 million in CDRLF grants to the most-qualified applicants, subject to the availability of funds. The grants page on the NCUA’s website contains all necessary information for submitting an application. A webinar explaining how to apply for a CDRLF grant is available on the NCUA’s YouTube Channel.
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NCUA issues prohibition orders against three individuals
The National Credit Union Administration (NCUA) issued one consent and two prohibition notices in June 2024, permanently prohibiting three individuals from participating in the affairs of any federally insured depository institution.
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Federal Credit Union Act celebrates its 90th anniversary
The National Credit Union Administration (NCUA) commemorated the 90th anniversary of the Federal Credit Union Act of 1934, signed into law by President Franklin Delano Roosevelt, which authorized the formation of federally chartered credit unions in all states.
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NCUA releases annual report on cybersecurity measures for credit unions
The National Credit Union Administration (NCUA) released its annual Cybersecurity and Credit Union System Resilience Report today. The report provides an overview of the current cybersecurity threat landscape, highlights key cybersecurity initiatives, and details ongoing efforts to enhance cybersecurity preparedness and resilience within the credit union industry.
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NCUA releases annual report highlighting growth among minority depository institution credit unions
The NCUA Releases its Annual MDI Report to Congress Today
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NCUA reports Q1 decline in assets for federally insured credit unions
ALEXANDRIA, Va. (June 17, 2024) – For federally insured credit unions, assets and shares and deposits declined at the median over the year ending in the first quarter of 2024. At the same time, loans outstanding increased and delinquencies grew at the median, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration.
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NCUA places 1st Choice Credit Union into conservatorship
The National Credit Union Administration (NCUA) has placed 1st Choice Credit Union in Atlanta, Georgia, into conservatorship. This decision was made in consultation with the Georgia Department of Banking and Finance.
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NCUA grants provisional charter to Fair Break Federal Credit Union
The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to Fair Break Federal Credit Union in Memphis, Tennessee. This marks the second federal credit union to receive a charter under the NCUA’s provisional charter pilot initiative.
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NCUA highlights role of Minority Depository Institutions during awareness month
ALEXANDRIA, Va. (June 3, 2024) – June is Minority Depository Institution Awareness Month at the National Credit Union Administration (NCUA), and the agency will feature activities and events highlighting the essential role MDIs play in their communities.
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NCUA issues prohibition orders against four individuals
The National Credit Union Administration (NCUA) issued four consent orders in May 2024, permanently prohibiting the individuals named below from participating in the affairs of any federally insured depository institution.
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NCUA grants first provisional charter under new pilot initiative
The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to Tribe Federal Credit Union in Minneapolis. This marks the first federal credit union to receive a charter under the NCUA’s provisional charter pilot initiative.
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NCUA Chairman Harper announces temporary leave for back surgery
On May 13, 2024, Todd M. Harper, Chairman of the National Credit Union Administration (NCUA), announced that he will be temporarily stepping away from his daily duties to undergo and recover from back surgery. In a message to the agency's employees, Harper said, “Many of you have likely heard me say on several occasions that if you don’t take care of yourself, you can’t take care of others."
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Incentive-Based Compensation Regulations Proposed by Federal Agencies
The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 956). The National Credit Union Administration (NCUA) is expected to take action on the NPR in the near future. The U.S. Securities and Exchange Commission (SEC) has included a rulemaking to implement section 956 on its...
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NCUA Announces Registration Open for 2024 Diversity, Equity, and Inclusion Summit
Registration is now open for the National Credit Union Administration’s fifth summit focused on diversity, equity, and inclusion, scheduled to take place from July 9 to 11, 2024, at the Hilton Minneapolis in Minneapolis, Minn. The event aims to provide a platform for stakeholders to address and promote DEI principles within the credit union system and the NCUA.Chairman Todd M. Harper emphasized the importance of participation in this year's Summit, stating, "I encourage all stakeholders to participate in this year’s Summit, deepen their commitment to DEI principles, and...
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NCUA Board Approves Advance Notice of Proposed Rulemaking on Records Retention
The National Credit Union Administration Board recently convened for its third open meeting of 2024 and unanimously passed an advance notice of proposed rulemaking focused on enhancing the agency's records preservation program regulations. Chairman Todd M. Harper emphasized the importance of credit unions maintaining robust records preservation programs, stating, "Maintaining vital records is central to a credit union’s ability to properly serve its members and to the NCUA’s ability to fulfill its supervisory, enforcement, and liquidation functions."Part 749 of the NCUA's...
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NCUA Opening 2024 CDRLF Grant Round May 1
The National Credit Union Administration (NCUA) has announced the opening of the 2024 Community Development Revolving Loan Fund (CDRLF) grant round, with more than $3.4 million available for low-income-designated credit unions. The application period for these grants will run from May 1 to July 1.NCUA Chairman Todd M. Harper emphasized the importance of these grants, stating, "These grants give eligible credit unions the resources needed to support the financial needs of their members and communities. They create new, safe, fair, and affordable financial products and...