Monetary Brief News

National Credit Union Administration (ncua) News

NCUA liquidates Soul Community Federal Credit Union due to insolvency

The National Credit Union Administration (NCUA) has liquidated Soul Community Federal Credit Union, located in Austell, Georgia.

NCUA places Aldersgate Federal Credit Union under conservatorship

The National Credit Union Administration (NCUA) has placed Aldersgate Federal Credit Union, located in Marion, Illinois, into conservatorship.

NCUA announces tentative date for upcoming board meeting

The National Credit Union Administration (NCUA) has announced that its next Board of Directors meeting is tentatively scheduled for July 24, 2025, at 10:00 am Eastern.

Credit union assets and loans see growth in first quarter of 2025

The National Credit Union Administration (NCUA) has released its financial performance data for the first quarter of 2025, showing an increase in total assets and loans outstanding for federally insured credit unions.

NCUA issues prohibition order; terminates cease & desist order

The National Credit Union Administration (NCUA) has issued a prohibition order against Desiree Canepa, a former employee of Antioch Community Federal Credit Union in Antioch, California.

NCUA seeks stakeholder input for future strategic planning

National Credit Union Administration (NCUA) Chairman Kyle S. Hauptman has invited stakeholders to offer suggestions and feedback on the agency's operations and initiatives.

NCUA discusses employee separation plan and insurance fund performance

The National Credit Union Administration (NCUA) Board conducted its third open meeting of 2025, focusing on the agency's Voluntary Separation Program (VSP) and the performance of the National Credit Union Share Insurance Fund in the first quarter...

NCUA charters African Diaspora Federal Credit Union in St. Louis

The National Credit Union Administration (NCUA) has issued a federal charter and provided National Credit Union Share Insurance Fund coverage to the African Diaspora Federal Credit Union located in St. Louis, Missouri.

NCUA liquidates Unilever Federal Credit Union due to insolvency

The National Credit Union Administration (NCUA) has liquidated the Unilever Federal Credit Union based in Englewood Cliffs, New Jersey, citing insolvency and no potential for restoring viable operations.

NCUA prohibits three individuals from working with federally insured institutions

The National Credit Union Administration (NCUA) has issued two consent orders and one prohibition notice this April.

Trump terminates NCUA Board members Harper and Otsuka

The National Credit Union Administration (NCUA) has announced the termination of two NCUA Board members, Todd Harper and Tanya Otsuka, whose positions were ended by President Donald J. Trump on April 17.

Federal agencies suspend some appraisal requirements to aid California disaster recovery

Federal financial regulatory agencies have taken a decisive step to aid recovery in areas affected by wildfires and wind damage in Los Angeles County, California.

NCUA issues prohibition orders to six former credit union employees

The National Credit Union Administration (NCUA) has issued four consent orders and two prohibition notices in March 2025.

Valwood Park Federal Credit Union returns to member control after NCUA conservatorship

Valwood Park Federal Credit Union, located in Carrollton, Texas, has returned to the control of its members.

NCUA reports growth in credit union shares and deposits for Q4 2024

According to the National Credit Union Administration's latest Quarterly U.S. Map Review, federally insured credit unions showed growth in shares and deposits at the median for the year ending in the fourth quarter of 2024, though loans...

NCUA releases 2024 annual report highlighting achievements and future priorities

The National Credit Union Administration (NCUA) has published its 2024 Annual Report, detailing the agency's activities and achievements over the past year.

Heritage Hub Federal Credit Union receives charter to serve Texas community

The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to the Heritage Hub Federal Credit Union in Houston.

NCUA alters policy on publishing overdraft fee data

The National Credit Union Administration (NCUA) has announced a significant change in its policy regarding the publication of overdraft and non-sufficient fund (NSF) fee income for individual credit unions.

NCUA prohibits former Altana Federal Credit Union employee from working in federally insured institutions

The National Credit Union Administration (NCUA) has issued a consent order in February 2025, permanently prohibiting an individual from participating in the affairs of any federally insured depository institution.

NCUA reports Q4 growth in share insurance fund

The National Credit Union Administration (NCUA) Board convened for its second open meeting of 2025, where the Chief Financial Officer presented a report on the performance of the National Credit Union Share Insurance Fund for the fourth quarter...