Press Room

The NCUA Board held another public meeting via live audio webcast due to the COVID-19 pandemic. At the meeting, Chairman Hood announced the Agency will delay phase one of its transition to on-site operations, which could have begun as early as July 6, 2020. The Board was also briefed on Minority Depository Institutions and the NCUA Guaranteed Notes Oversight Program. The Board issued a request for information on offsite examination and supervision as well.

June 15, 2020 NASCUS CONGRATULATES KYLE HAUPTMAN ON HIS NOMINATION BY THE PRESIDENT TO THE NCUA BOARD “On behalf of the State Credit Union System, including state supervisory agencies and...

The NCUA Board held its second public meeting since the onset of the COVID-19 pandemic. At the meeting, Board issued an interim final rule on prompt corrective action (PCA) and a proposed rule on the joint ownership of share accounts. The Board was also briefed on the National Credit Union Share Insurance Fund's quarterly report and tabled an interim final rule on overdrafts.

NASCUS commends the Small Business Administration for launching the unprecedented Paycheck Protection Program but calls on the agency to assist state regulators and credit unions properly implement the program with notable enhancements.

The NCUA Board held its first public meeting since the onset of the COVID-19 pandemic. At the meeting, the Board discussed it’s COVID-19 response and real estate appraisal relief.

The NCUA Board voted unanimously to extend the comment period for the proposed Combination Transactions Rule by 60 days. NASCUS President and CEO Lucy Ito issued the following statements in response to the Board’s extension.

Due to concerns about the spread of the coronavirus (COVID-19), NASCUS has made the decision to postpone its annual National Meeting for state credit union regulators until later this year. The meeting  was scheduled to take place next week in New Orleans.

The NCUA Board issued a Final Interagency Policy Statement, Allowances for Credit Losses and approved Proposed Rule, Part 704, Corporate Credit Unions for a 60-day comment period. NASCUS President and CEO Lucy Ito issued statements in response to the meeting.

In response to NCUA’s request for comments on Proposed Rule: Real Estate Appraisals (RIN 3133-AE98), NASCUS wrote a comment letter supporting NCUA’s proposal to increase the threshold level below which licensed or certified appraisals (appraisals) would not be required for residential real estate-related transactions from $250,000 to $400,000. 

Today, NASCUS announced SchoolsFirst Federal Credit Union as the organization's newest member. As the largest credit union in California, SchoolsFirst FCU, with headquarters in Santa Ana, Calif., has more than 60 branches and has a mission to provide school employees and their families with World-Class Personal Service and financial security.

January 23, 2020 NASCUS PRESIDENT & CEO LUCY ITO ON THE JANUARY NCUA BOARD MEETING ARLINGTON, Va. – Today, the NCUA provided notice of rulemaking on Subordinated Debt and Credit Union-Bank...

January 16, 2020 NASCUS PRESIDENT & CEO LUCY ITO ON SUBORDINATED DEBT BEING CONSIDERED AT THE JANUARY NCUA BOARD MEETING ARLINGTON, Va. – Today, the NCUA Board announced that subordinated...