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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.
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.
Items recently posted to the NCUA web siteDecember 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.
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.
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.
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.
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.
December 17, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has added a closed agenda to tomorrow’s December 18 Board meeting.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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).
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.
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.
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.
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.