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The web's best source for news about the credit union industry! updated 3/10/2010 10:40PM |
| Mon, 8 Mar 2010 16:40:46 -0500 Media Advisory - Matz Highlights National Consumer Protection Week March 8, 2010, Alexandria, Va. - National Credit Union Administration Chairman Debbie Matz today issued the following statement recognizing National Consumer Protection Week, the week designated to emphasize the importance of thrift and wise use of financial resources. |
| Fri, 5 Mar 2010 16:20:00 -0500 Media Advisory – Audio Conference Details New Capital Funding March 5, 2010, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Debbie Matz and National Federation of Community Development Credit Unions (Federation) President/CEO Cliff Rosenthal yesterday provided 122 audio conference participants with specifics about the U.S. Department of the Treasury’s new Community Development Capital Initiative (CDCI). |
| Fri, 5 Mar 2010 15:00:00 -0500 Media Release – Lawrence County School Employees Federal Credit Union Members Now Served by First Choice Federal Credit Union March 5, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today liquidated Lawrence County School Employees Federal Credit Union (Lawrence FCU) of New Castle, Pennsylvania, and accepted New Castle, Pennsylvania, based First Choice Federal Credit Union’s offer to purchase and assume the credit union. |
| Thu, 4 Mar 2010 16:50:00 -0500 Media Release - Temporary Corporate Credit Union Share Guarantee Program Extended March 4, 2010, Alexandria, Va. – The National Credit Union Administration has extended the expiration date of NCUA’s Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) from March 31, 2012, to June 30, 2012. |
| Thu, 4 Mar 2010 16:50:00 -0500 Media Advisory - Fryzel Visits First Northern Credit Union March 4, 2010, Alexandria Va., – NCUA Board Member Michael E. Fryzel recently visited First Northern Credit Union in Chicago, Ill. |
| Wed, 3 Mar 2010 15:40:00 -0500 Media Release - NCUA Board Issues Cease and Desist Order March 3, 2010, Alexandria Va. – The NCUA Board has issued an Order to Cease and Desist (Order) to the Rapid City Telco Federal Credit Union, Rapid City, South Dakota. |
| Tue, 2 Mar 2010 12:00:00 -0500 Media Release - NTEU, NCUA Sign Collaborative Agreement Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Debbie Matz and National Treasury Employees Union (NTEU) President Colleen M. Kelley today signed an agreement creating an NCUA/NTEU Partnership Council. This is the first such agreement concluded between a federal agency and NTEU in response to President Obama’s executive order on labor-management collaboration. |
| Mon, 1 Mar 2010 15:45:00 -0500 Media Advisory - Credit Union Net Worth Remains Strong; Shares Expand, Lending Slows in 2009 March 1, 2010, Alexandria, Va.,– Credit unions finished 2009 with nearly 10 percent net worth, while loan demand and delinquencies showed weakness in the face of economic stress, according to Call Report data released today by the National Credit Union Administration. Membership in the nation’s 7,554 federally insured credit unions increased to nearly 90 million, and shares grew at a robust rate of 10.5 percent. |
| Fri, 26 Feb 2010 18:31:29 -0500 Media Release - Mutual Diversified Employees Federal Credit Union Members Now Served by Schools First Federal Credit Union February 26, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) today liquidated Mutual Diversified Employees FCU of Santa Ana, California, and accepted SchoolsFirst Federal Credit Union’s offer to purchase and assume the credit union. |
| Thu, 25 Feb 2010 14:47:11 -0500 Media Release - Friendship Community Federal Credit Union Members Now Served by Shreveport Federal Credit Union February 25, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) today liquidated Friendship Community Federal Credit Union of Clarksdale, Mississippi, and accepted Shreveport Federal Credit Union’s offer to purchase and assume the credit union. |
| Thu, 25 Feb 2010 14:00:00 -0500 Joint Release - Financial Regulators Release Updated Retail Payment Systems Booklet The Federal Financial Institutions Examination Council (FFIEC) today issued updated guidance for examiners, financial institutions, and technology service providers on the risks associated with retail payment systems. |
| Thu, 25 Feb 2010 12:43:17 -0500 Media Advisory - Matz to Geithner: NCUA Regulation of Business Lending is Strong February 25, 2010, Alexandria, Va. -- National Credit Union Administration (NCUA) Chairman Debbie Matz, in a February 24 letter to Treasury Secretary Timothy Geithner, assured him that if a statutory increase in the member business lending (MBL) cap should become law, NCUA is prepared to enhance the regulation of member business lending. |
| Wed, 24 Feb 2010 14:00:00 -0500 Media Advisory - Fryzel Addresses Range of Topics at Governmental Affairs Conference February 24, 2010 Alexandria, Va. – NCUA Board Member, Michael E. Fryzel, addressed an audience of over 4,000 credit union activists during the Credit Union National Association’s Governmental Affairs Conference in Washington, D.C. today. |
| Tues, 23 Feb 2010 13:00:00 -0500 Media Advisory - Board Member Hyland Urges Collaboration at CUNA's 2010 Governmental Affairs Conference February 23, 2010, Washington, D.C. – “Change, in monumental form, is upon us. It is the end of the world as we know it and the future is at hand,” stated Board Member Hyland in her remarks today to over 4,000 attendees at the Credit Union National Association’s 2010 Governmental Affairs Conference at the Washington Convention Center in Washington, D.C. |
| Mon, 22 Feb 2010 11:50:00 -0500 Media Advisory - Fryzel Commends Defense Credit Unions Leadership and Service and Calls for More February 22, 2010, Alexandria Va. – NCUA Board Member, Michael E. Fryzel, commended defense credit union representatives for their leadership in the industry and their service to their members and stressed the need for more to be done Sunday at the Defense Credit Union Council’s Defense Issues Meeting in Washington, D.C. |
| Mon, 22 Feb 2010 11:45:00 -0500 Media Advisory - Matz Looks to Opportunities, Growth for Credit Unions February 22, 2010, Alexandria, Va. – Citing the continuing need for fairly-priced and accessible financial services during a troubled economy, NCUA Chairman Debbie Matz today called on credit unions to expand and enhance service to the nation’s consumers. |
| Fri, 19 Feb 2010 17:10:00 -0500 Media Advisory - Audio Conference Set On New Capital Initiative February 19, 2010, Alexandria, Va. – National Credit Union Administration (NCUA)Chairman Debbie Matz and National Federation of Community Development Credit Unions (Federation) President/CEO Cliff Rosenthal today announced a joint Audio Conference on March 4 designed to provide low-income credit unions with specifics about the U.S. Treasury’s new Community Development Capital Initiative (CDCI) to encourage increased lending in low-income communities. |
| Fri, 19 Feb 2010 15:50:00 -0500 Media Advisory - Defense Credit Unions Prepare for Military Saves Week February 19, 2010, Alexandria Va. – Defense Credit Unions are underway to participate in Military Saves Week, which begins on Monday, February 21, 2010, and runs through February 26, 2010. Military Saves represents an opportunity for active duty, National Guard, and reserve leadership at all levels to educate, motivate, and encourage service members and their families to save. |
| Fri, 19 Feb 2010 13:30:00 -0500 Media Advisory – NCUA–NTEU to Sign Partnership Agreement February 19, 2010, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Debbie Matz and National Treasury Employees Union (NTEU) President Colleen M. Kelley will sign a Partnership Agreement at a public ceremony Tuesday, March 2 at 11:30 a.m. in NCUA Headquarters in Alexandria, Va. |
| Thu, 18 Feb 2010 17:45:06 -0500 Media Advisory - Web Town Hall Draws Large Crowd, Wide-Ranging Questions February 18, 2010, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Debbie Matz today led a "virtual" Town Hall session featuring over 750 credit union participants and dialogue on topics ranging from the proposed corporate credit union rule to supplemental capital to the proposed chartering and field of membership changes and member business lending. In addition to Chairman Matz, webinar attendees heard from senior NCUA staff during the 90 minute session, which concludes a 6-month series of interactive open forums between the credit union community and NCUA. During this time, over 2500 credit union leaders participated either at one of the five in-person or two web NCUA Town Hall events. |
| Thu, 18 Feb 2010 17:40:06 -0500 Results of the 02/18/2010 NCUA Board Meeting are available February 18, 2010, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Debbie Matz today led a "virtual" Town Hall session featuring over 750 credit union participants and dialogue on topics ranging from the proposed corporate credit union rule to supplemental capital to the proposed chartering and field of membership changes and member business lending. In addition to Chairman Matz, webinar attendees heard from senior NCUA staff during the 90 minute session, which concludes a 6-month series of interactive open forums between the credit union community and NCUA. During this time, over 2500 credit union leaders participated either at one of the five in-person or two web NCUA Town Hall events. |
| Thurs, 18 Feb 2010 09:20:00 -0500 Draft Items for the 02/18/2010 NCUA Board Meeting are available February 18, 2010, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Debbie Matz today led a "virtual" Town Hall session featuring over 750 credit union participants and dialogue on topics ranging from the proposed corporate credit union rule to supplemental capital to the proposed chartering and field of membership changes and member business lending. In addition to Chairman Matz, webinar attendees heard from senior NCUA staff during the 90 minute session, which concludes a 6-month series of interactive open forums between the credit union community and NCUA. During this time, over 2500 credit union leaders participated either at one of the five in-person or two web NCUA Town Hall events. |
| Tues, 16 Feb 2010 14:20:00 -0500 Media Release – Biliouris Named Special Assistant to NCUA’s Executive Director February 16, 2010, Alexandria, Va. - National Credit Union Administration (NCUA) today announced the selection of Matthew Biliouris to the new position of Special Assistant to the NCUA Executive Director. |
| Tues, 16 Feb 2010 14:00:00 -0500 Joint Release – FFIEC Issues 2009 Mortgage Fraud White Paper February 16, 2010, Alexandria, Va. - The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, released an updated edition of its white paper today on mortgage fraud detection and deterrence. |
| Tues, 16 Feb 2010 11:30:00 -0500 Media Advisory - Virtual Town Hall Meeting on February 18 Agenda February 16, 2010, Alexandria, Va. - The National Credit Union Administration today issues the agenda for the Town Hall Webinar to be hosted by Chairman Debbie Matz on February 18th from 3:00 p.m. (EST) to 4:30 p.m. |
| Fri, 12 Feb 2010 13:30:00 -0500 Media Advisory - NCUA Approves Low-Income CU Interim Capital Rule February 12, 2010, Alexandria, Va. - The Board of the National Credit Union Administration (NCUA), by notation vote February 9th, unanimously approved an interim final rule regarding use of secondary capital by low-income designated credit unions (LICUs). |
| Thur, 11 Feb 2010 14:15:00 -0500 Agenda for the 02/18/2010 NCUA Board Meeting is available |
| Mon, 8 Feb 2010 15:10:00 -0500 Media Advisory - Virtual Town Hall Set for February 18 February 8, 2010, Alexandria, Va. - National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Thursday, February 18 at 3 p.m. (EST). |
| Fri, 5 Feb 2010 10:00:56 -0500 Joint Release - Regulators Issue Statement on Lending to Creditworthy Small Businesses The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today on prudent lending to creditworthy small business borrowers. The regulators recognize that small businesses play an important role in the economy and know that some are experiencing difficulty in obtaining or renewing credit. |
| Thurs, 4 Feb 2010 16:30:00 -0500 Media Advisory - Matz Leads Wide-Ranging Discussion in Florida Town Hall Session February 4, 2010, Alexandria, Va. - National Credit Union Administration Chairman Debbie Matz today heard spirited and diverse dialogue regarding the future of corporate credit unions and other critical issues during a Town Hall meeting in Orlando, Fla. |
| Thur, 4 Feb 2010 15:10:00 -0500 Media Advisory - Fryzel Cuts Ribbon at Polish & Slavic Grand Opening February 4, 2010, Alexandria, Va. - NCUA Board Member, Michael E. Fryzel, along with over 200 other dignitaries and new credit union members attended the grand opening of the Polish & Slavic Federal Credit Union’s new branch office in Mt. Prospect, Illinois, on Saturday January 30, 2010. |
| Wed, 3 Feb 2010 16:30:00 -0500 Media Advisory - Capital Program Open to Credit Unions February 3, 2010, Alexandria, Va. - Credit unions will be eligible to participate in a new Treasury Department program aimed at expanding financial institution lending in low-income areas. |
| Wed, 3 Feb 2010 16:30:00 -0500 Media Advisory - NCUA Extends Comment Period on Community Chartering Proposal February 3, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) Board has extended the comment period from March 1 to April 15 on proposed revisions to the NCUA Chartering and Field of Membership Manual. |
| Fri, 29 Jan 2010 16:01:45 -0500 Media Advisory - Elizabeth Whitehead Named Region V Director January 29, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) Board today named Elizabeth Whitehead Region V Director. As Region V Director, Whitehead will lead the examination and field staff for the NCUA regional office located in Tempe, Ariz., with supervisory oversight of 480 federal credit unions with $57.6 billion located in Alaska, Arizona, Colorado, Hawaii, Idaho, Montana, New Mexico, Oregon, Utah, Washington, and Wyoming and Guam. Whitehead replaces Jane Walters, who has served as Acting Regional Director since March 2009 and now returns to her position as Director, Region II. |
| Fri, 29 Jan 2010 16:01:45 -0500 Results of the 01/29/2010 NCUA Board Meeting are available January 29, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) Board today named Elizabeth Whitehead Region V Director. As Region V Director, Whitehead will lead the examination and field staff for the NCUA regional office located in Tempe, Ariz., with supervisory oversight of 480 federal credit unions with $57.6 billion located in Alaska, Arizona, Colorado, Hawaii, Idaho, Montana, New Mexico, Oregon, Utah, Washington, and Wyoming and Guam. Whitehead replaces Jane Walters, who has served as Acting Regional Director since March 2009 and now returns to her position as Director, Region II. |
| Fri, 29 Jan 2010 09:00:12 -0500 Draft Items for the 01/29/2010 NCUA Board Meeting are available January 29, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) Board today named Elizabeth Whitehead Region V Director. As Region V Director, Whitehead will lead the examination and field staff for the NCUA regional office located in Tempe, Ariz., with supervisory oversight of 480 federal credit unions with $57.6 billion located in Alaska, Arizona, Colorado, Hawaii, Idaho, Montana, New Mexico, Oregon, Utah, Washington, and Wyoming and Guam. Whitehead replaces Jane Walters, who has served as Acting Regional Director since March 2009 and now returns to her position as Director, Region II. |
| Wed, 27 Jan 2010 13:40:00 -0500 Media Release - Credit Unions Offer Favorable Rates January 27, 2010, Alexandria, Va. - The National Credit Union Administration today posted the latest results from DATATRAC, Inc., a company that tracks rates charged and paid by credit unions, banks, and credit unions that converted to or merged with banks. |
| Tus, 26 Jan 2010 17:05:00 -0500 Media Advisory - Fryzel Visits NuMark Credit Union January 26, 2010, Alexandria, Va. - NCUA Board Member, Michael E. Fryzel recently met with NuMark Credit Union CEO Ann Dubie along with members of the credit union’s board and staff at the branch office located in Crest Hill, IL. |
| Tue, 26 Jan 2010 16:20:00 -0500 Media Release - NCUA Issues Prohibition Orders January 26, 2010, 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. |
| Mon, 25 Jan 2010 11:35:00 -0500 Media Advisory - Orlando Town Hall Agenda Set January 25, 2010, Alexandria, Va. - The National Credit Union Administration today issues the agenda for the Town Hall meeting at the Buena Vista Palace Hotel in Lake Buena Vista, Fla., February 4, 2010. |
| Fri, 22 Jan 2010 15:00:35 -0500 Agenda for the 01/29/2010 NCUA Board Meeting is available January 25, 2010, Alexandria, Va. - The National Credit Union Administration today issues the agenda for the Town Hall meeting at the Buena Vista Palace Hotel in Lake Buena Vista, Fla., February 4, 2010. |
| Fri, 22 Jan 2010 13:44:11 -0500 Media Advisory - Matz Continues Dialogue At Dallas Town Hall January 22, 2010, Alexandria, Va. - National Credit Union Administration Chairman Debbie Matz today led a spirited and vigorous discussion of a wide-variety of critical issues during the first Town Hall Meeting of 2010. An overflow crowd of more than 200 attendees participated in the Dallas gathering, the first since the proposed corporate rule was unveiled in November. |
| Fri, 15 Jan 2010 17:00:39 -0500 Media Advisory - NCUA Issues Low Income and Community Development Credit Union Guidance January 15, 2010, Alexandria, Va. -The National Credit Union Administration (NCUA) today issued Letter to Credit Unions 10-CU-01 - Supervising Low Income Credit Unions and Community Development Credit Unions. The Letter, which was provided to NCUA examination staff and shared with the boards of directors of all federally insured credit unions, provides guidance on the characteristics, benefits, and unique challenges of low income credit unions and community development credit unions. |
| Fri, 8 Jan 2010 17:00:00 Media Release - Kern Central Credit Union Closes; Members Now Served By Self-Help Federal Credit Union January 8, 2010, Alexandria, Virginia –-The National Credit Union Administration (NCUA) was today appointed liquidating agent of Kern Central Credit Union (Kern Central) of Bakersfield, California, by the California Department of Financial Institutions (DFI). |
| Fri, 8 Jan 2010 16:40:00 -0500 Media Advisory - Dallas Town Hall Agenda Set January 8, 2010, Alexandria, Va. - The National Credit Union Administration today issued the agenda for the Town Hall meeting in Dallas, Texas, January 22, 2010. |
| Thu, 7 Jan 2010 15:00:40 -0500 Joint Agency Press Release - Financial Regulators Issue Interest Rate Risk Advisory January 8, 2010, Alexandria, Va. - The National Credit Union Administration today issued the agenda for the Town Hall meeting in Dallas, Texas, January 22, 2010. |
| Wed, 6 Jan 2010 17:23:28 -0500 Media Advisory - Matz Statement on Retirement of Senate Banking Committee Chairman Christopher Dodd January 6, 2010, Alexandria, Va. - "There has not been a single important piece of banking legislation over the last two decades that didn’t bear the imprint of Senator Dodd. His Chairmanship has been characterized by careful attention to detail, by serious examination of all sides of very complex issues, and by a real commitment to fairness and progress. Chairman Dodd, quite simply, is a legislator’s legislator, and his work, his personality and his contributions will be missed." |
| Wed, 6 Jan 2010 15:59:01 -0500 Media Release - Member Business Lending Webinar Now Archived on NCUA Website Alexandria, Va., January 6, 2010 - NCUA Board Member Gigi Hyland today announced that the ”Member Business Lending: Regulators’ Perspective” webinar is archived online at www.ncua.gov. The archive includes the actual webinar, the webinar PowerPoint presentation, as well as the webinar transcript and frequently answered questions (FAQs). The detailed slides, transcript, and FAQs provide guidance, best practices and insight into examination of member business lending. |
| Tue, 05 Jan 2010 10:41:08 -0500 Media Release - First Service Credit Union Merges; Members Now Served by Marine Credit Union January 5, 2010 , Alexandria, Va. - The National Credit Union Administration (NCUA) announces today that First Service Credit Union, of Milwaukee, Wisconsin, merged with Marine Credit Union, of Fond Du Lac, Wisconsin, effective December 31, 2009. |
| Thu, 31 Dec 2009 19:00:08 -0500 Media Release - HeritageWest Federal Credit Union Members Now Served by Chartway Federal Credit Union December 31, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) today liquidated HeritageWest Federal Credit Union of Tooele, Utah, and accepted Chartway Federal Credit Union’s offer to purchase and assume the credit union. |