NCUA Reports An Increase in NCUSIF Loss Reserves by Almost $78 Million In September "Credit News 24"

The National Credit Union Administration increased National Credit Union Share Insurance Fund reserves for losses to $286 million at the end...

Number of Problem CUs Fell During Q3 2018 "Credit News 24"

The number of problem credit unions fell during the third quarter of 2018, according to the National Credit Union Administration. At the end...

NCUA Chairman McWatters: Equity Ratio of 1.30 Percent Not Sufficient to Weather 2007-2009 Recession "Credit News 24"

National Credit Union Administration Chairman McWatters sets the record straight that the National Credit Union Share Insurance Fund's N...

Eight Lawmakers Write NCUA over Melrose's Treatment of Taxi Medallion Borrowers "Credit News 24"

Crain's New York Business is reporting that eight New York Democratic lawmakers wrote National Credit Union Administration (NCUA) Chairm...

Portions of Vast Community Charter Did Not Meet the Standard of Being Local in 2004 "Credit News 24"

The National Credit Union Administration (NCUA) in August approved a community charter for Utah Community FCU (Provo, UT) comprised of a Com...

Shreveport FCU Closed, Members and Most Shares and Loans Assumed by Red River Employees FCU "Credit News 24"

The National Credit Union Administration on October 2 liquidated Shreveport Federal Credit Union of Shreveport, Louisiana. Red River Employe...

TCCUSF to Close in 2018, NCUSIF NOL Increased to 1.39 Percent "Credit News 24"

The National Credit Union Administration (NCUA) Board voted to close the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) in 201...

56 CUs Awarded $39.5 Million from CDFI Fund "Credit News 24"

The National Credit Union Administration (NCUA) is reporting that 56 federally-insured credit unions will receive awards from the Community ...

Fox Communities CU Receives Waivers for Financing Exposition Center "Credit News 24"

The Wisconsin Office of Credit Unions on August 17, 2018 granted a waiver to Fox Communities Credit Union (Appleton, WI) with regard to cons...

NCUA Charters Clean Energy FCU "Credit News 24"

The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to Clean Energy Federal Cred...

Horizon FCU Gets Rural District FOM Expansion "Credit News 24"

The National Credit Union Administration recently approved an expansion in the field of membership (FOM) of Horizon Federal Credit Union (Wi...

12 CUs Consent to Penalties for Late Filing Q1 Call Reports "Credit News 24"

Twelve credit unions consented to penalties totaling $2,853 for late filing their Call Reports in the first quarter of 2018, according to th...

CU Business Lending Posted Robust Growth in the Second Quarter "Credit News 24"

The National Credit Union Administration (NCUA) is reporting strong business lending growth at federally insured credit unions during the se...

NCUSIF Equity Ratio of 1.30 Percent Is Not Normal "Credit News 24"

The National Credit Union Administration (NCUA) Board is proposing to increase the normal operating level of the National Credit Union Share...

Less Than 20 Percent of CUs That Became Significantly Undercapitalized Are Still Active "Credit News 24"

Less than 20 percent of credit unions that become significantly undercapitalized are still active or independent, according to the National ...

Overwhelming Majority of CUs that Received Section 208 Assistance No Longer Active "Credit News 24"

The National Credit Union Administration (NCUA) reported that an overwhelming number of credit unions that received Section 208 assistance e...

NCUA Replies to ABA's FOM Lawsuit "Credit News 24"

The National Credit Union Administration (NCUA) filed a reply brief on August 9 to an American Banker Association (ABA) lawsuit challenging ...

Puerto Rico Oversight Board Certifies Fiscal Plan for Island's Credit Union Regulator and Insurer "Credit News 24"

The Financial Oversight and Management Board for Puerto Rico has certified a fiscal plan for the Public Corporation for the Supervision &...

NCUA's $1 Billion Legal Contingency Fee In Crosshairs of Republican Lawmakers "Credit News 24"

POLITICO PRO is reporting that Republican lawmakers are probing more than $1 billion in contingency fees paid by the National Credit Union A...

NCUA Should Require Greater Transparency Regarding CEO Pay "Credit News 24"

The National Credit Union Administration's Voluntary Merger proposal would require a merging FCU to disclose to its members all merger-r...