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Sun Apr 24 04:36:41 EDT 2011
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Matz Highlights NCUA and FFIEC Priorities during Online Interview - April 22, 2011, Alexandria, Va. -- In her first online interview since becoming Chairman of the Federal Financial Institutions Examination Council (FFIEC), National Credit Union Administration (NCUA) Board Chairman Debbie Matz highlights her priorities for both the FFIEC and NCUA. The appearance of Chairman Matz on CU Broadcast, an online talk show featuring credit union industry leaders, is now available for public viewing.

NCUA Observes Earth Day - April 22, 2011, Alexandria, Va. -- On Earth Day 2011, National Credit Union Administration NCUA) Board Chairman Debbie Matz highlighted some of the recent successes of the agency’s “greeNCUA” initiative and encouraged credit unions to use NCUA Express to reduce their paper use and energy costs.

NCUA Chairman Posts Video with Four Tips for Effective Comment Letters - April 21, 2011, Alexandria, Va. -- National Credit Union Administration (NCUA) Board Chairman Debbie Matz has posted a video on the agency’s website to provide tips for writing effective comment letters.

Draft Items for the 04/21/2011 NCUA Board Meeting are available -

NCUA Encourages Credit Unions to Carefully Evaluate Corporate Capitalization Plans - The National Credit Union Administration (NCUA) today released correspondence sent to the member credit unions of the three retail bridge corporate credit unions -- Members United Bridge, Southwest Bridge, and Western Bridge.

Three Reappointed to the FFIEC State Liaison Committee - The Federal Financial Institutions Examination Council announced today the reappointment of three of the Council’s State Liaison Committee (SLC) members. The two-year terms for these SLC Members run from April 1, 2011, through March 31, 2013.

Texans Credit Union Placed into Conservatorship - The National Credit Union Administration (NCUA) today placed Texans Credit Union of Richardson, Texas, into conservatorship. Texans Credit Union remains open and operating.

Vensure Federal Credit Union Placed into Conservatorship - April 15, 2011, Alexandria, Va. -- The National Credit Union Administration (NCUA) today placed Vensure Federal Credit Union of Mesa, Arizona, into conservatorship.

NCUA Reschedules Special Closed Board Meeting -

Agenda for the 04/21/2011 NCUA Board Meeting is available - April 14, 2011, Alexandria, Va. -- Agenda for the 04/21/2011 NCUA Board Meeting is available

NCUA Schedules Special Closed Board Meeting -

Matz Promotes Financial Literacy Grants - April 13, 2011, Alexandria, Va. -- National Credit Union Administration (NCUA) Board Chairman Debbie Matz today encouraged low-income credit unions to apply for a new grant program known as the Financial Education and Financial Literacy Initiative.

Mission San Francisco FCU Closes; Members Now Served by Self-Help FCU - April 8, 2011, Alexandria, Va. -- The National Credit Union Administration (NCUA) today placed Mission San Francisco Federal Credit Union of San Francisco, California, into liquidation. Immediately thereafter, Self-Help Federal Credit Union of Durham, North Carolina, purchased and assumed Mission San Francisco’s assets, liabilities and members.

NCUA Issues Advisory Letter to Credit Unions on Government Shutdown Planning - In the Event of a Federal Spending Impasse, Deposits at Credit Unions Remain Insured up to $250,000; NCUA Will Operate Business as Usual. April 7, 2011, Alexandria, Va. -- The National Credit Union Administration (NCUA) today issued a Letter to Credit Unions providing guidance about planning for a potential federal government shutdown.

Matz Named FFIEC Chair - The National Credit Union Administration (NCUA) has taken the helm at the Federal Financial Institutions Examination Council (FFIEC) for the first time in more than 20 years. Debbie Matz, Chairman of the NCUA Board, is now the Chairman of FFIEC for a two-year term.

'NCUA-Safe' Campaign Reaches Over 150 Million Consumers - April 4, 2011, Alexandria, Va. -- The National Credit Union Administration (NCUA) today announced that the “NCUA-Safe” campaign has now reached more than 150 million consumers, approximately 60 million of whom viewed it on television.

NCUA Guaranteed Note Transaction Completed - April 1, 2011, Alexandria, Va. -- The National Credit Union Administration (NCUA) today announced that the NCUA Guaranteed Notes Trust 2011-R4 offering closed on Thursday, March 31, 2011.

Agencies Seek Comment on Proposed Rule on Incentive Compensation - March 30, 2011, Federal financial regulatory agencies request comment on a joint proposed rule to ensure that regulated financial institutions design their incentive compensation arrangements to take account of risk.

Hyland Advocates Financial Wellness in Radio Interview - March 29, 2011, Alexandria, Va. -- National Credit Union Administration Board Member Gigi Hyland outlined key components of financial wellness in an interview on the Home and Family Finance Radio program, sponsored by the Credit Union National Association (CUNA).

NCUA Schedules Special Board Meeting - March 28, 2011, Alexandria, Va. - The National Credit Union Administration (NCUA)Board has scheduled a closed Board meeting for Monday, April 4, 2011 at 9:30 a.m.

NCUA Issues Prohibition Orders -

Results of the 03/17/2011 NCUA Board Meeting are available -

Draft Items for the 03/17/2011 NCUA Board Meeting are available -

02/17/2011 Archived Virtual Town Hall with Chairman Matz now available -

Agenda for the 03/17/2011 NCUA Board Meeting is available - March 10, 2011, Alexandria, Va. -- Agenda for the 03/17/2011 NCUA Board Meeting is available

Matz Launches NCUA's MyCreditUnion.gov - March 9, 2011, Alexandria, Va. -- National Credit Union Administration (NCUA) Board Chairman Debbie Matz today unveiled a new, free consumer tool -- MyCreditUnion.gov.

Land of Enchantment Federal Credit Union Closes, Members Now Served by Guadalupe Credit Union - March 7, 2011 Alexandria, Virginia - The National Credit Union Administration (NCUA) today placed Land of Enchantment Federal Credit Union of Santa Fe, New Mexico, into liquidation; and Guadalupe Credit Union of Santa Fe, New Mexico, purchased and assumed Land of Enchantment’s assets, liabilities and members.

Wisconsin Heights Credit Union Closes; Members Now Served by CoVantage Credit Union - March 4, 2011, Alexandria, Va. -- The National Credit Union Administration (NCUA) today was appointed liquidating agent of Wisconsin Heights Credit Union of Ogema, Wisconsin, by the Wisconsin Office of Credit Unions.

Credit Unions Expand Earnings, Control Delinquencies and Charge-offs - March 3, 2011, Alexandria, Va. – Credit union earnings, shares, assets, and investments grew despite slowing loan demand and the continuing economic challenges, according to fourth-quarter Call Reports submitted by the nation’s 7,339 federally insured credit unions.

Hyland Encourages Growth and Reduced Regulatory Burden - March 2, 2011, Alexandria, Va. -- NCUA Board Member Gigi Hyland told CUNA Governmental Affairs Conference participants today that to fully achieve recovery from recent setbacks credit unions need to actively pursue new avenues for growth because the need to earn more net income has never been greater, and NCUA can assist by reducing regulatory burden through the review process and an increase in the definition of a small credit union to $50 million.

Fryzel Addresses Industry’s Past and Focuses on its Future at CUNA Governmental Affairs Conference - February 28, 2011, Alexandria, Va. – NCUA Board Member Michael E. Fryzel addressed an audience of over 4,000 credit union activists today during the Credit Union National Association’s Governmental Affairs Conference in Washington, D.C.

Matz: Credit Unions Remain Resilient in Tough Times - February 28, 2011, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today said that strong NCUA oversight, combined with industry resilience, has saved credit unions over $1 billion in potential losses.

Hyland Addresses Current Issues During Online Interview - Alexandria, VA, February 24, 2011 - National Credit Union Administration (NCUA) Board Member Gigi Hyland recently provided an online interview on a number of issues facing the credit union system. The interview was conducted by Mike Lawson of CUbroadcast (www.cubroadcast.com), which provides one-on-one interviews with today’s credit union innovators.

NYC OTB Federal Credit Union Closes - February, 23, 2011, Alexandria, Va. -- The National Credit Union Administration (NCUA) today placed NYC OTB Federal Credit Union, located in New York, New York, into liquidation.

Fryzel Visits Whiting Refinery Federal Credit Union - February 22, 2011, Alexandria, Va. – National Credit Union Administration Board Member Michael E. Fryzel recently visited Whiting Refinery Federal Credit Union in, Whiting, Indiana.

Chairman Matz Encourages Participation in America Saves/Military Saves Week - February 18, 2011, Alexandria Va. – National Credit Union Administration Chairman Debbie Matz encourages credit unions to help their members to assess and take action to increase savings as preparations proceed for America Saves and Military Saves Week. The week begins Sunday, February 20, 2011, and runs through Sunday, February 27, 2011.

Greensburg Community Federal Credit Union Placed into Conservatorship - February 17, 2011, Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of operations at Greensburg Community Federal Credit Union of Greensburg, Pennsylvania. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.

Results of the 02/17/2011 NCUA Board Meeting are available -

Draft Items for the 02/17/2011 NCUA Board Meeting are available -

Matz Calls for Exemptions in Fed Interchange Rulemaking - February 16, 2011, Alexandria, Va. -- NCUA Chairman Debbie Matz today called upon the Federal Reserve to craft a debit card interchange rule that reflects Dodd-Frank Act language addressing small institution pricing issues.

FFIEC IT Examination Handbook InfoBase: New Look and Improved Navigation - February 16, 2011 -- The Federal Financial Institutions Examination Council (FFIEC) today announced the launch of its redesigned IT Examination Handbook InfoBase. The IT InfoBase is the primary distribution method for the IT Examination Handbook.

Family First Federal Credit Union Closes, Members Now Served by Security Service Federal Credit Union - February 15, 2011 Alexandria, Virginia -- The National Credit Union Administration (NCUA) today placed Family First Federal Credit Union of Orem, Utah, into liquidation and Security Service Federal Credit Union of San Antonio, Texas, purchased and assumed Family First’s assets, liabilities and members.

Bridge Corporate Consolidation Policy Established -

Fryzel Breaks Ground with Polish and Slavic Federal Credit Union - February 10, 2011, Alexandria VA. – NCUA Board Member, Michael E. Fryzel, attended and spoke at the ground breaking ceremony of what will soon be the newest Polish and Slavic Federal Credit Union branch on Tuesday February 8, 2011.

Agenda for the 02/17/2011 NCUA Board Meeting is available - February 10, 2011, Alexandria, Va. -- Agenda for the 02/17/2011 NCUA Board Meeting is available

Harper Named NCUA Director of Public and Congressional Affairs - February 8, 2011 Alexandria, Virginia -- National Credit Union Administration Chairman Debbie Matz today announced the appointment of Todd M. Harper as Director of Public and Congressional Affairs. Harper will assume his duties at NCUA February 14 and will also serve as Chief Policy Advisor to the Chairman.

NCUA Amends 2011 Board Meeting Schedule - February 7, 2011 Alexandria, Virginia -- The 2011 National Credit Union Administration (NCUA) Board meeting schedule has been revised. The September meeting has been changed from September 15 to September 22.

Oakland Municipal Credit Union Closes; Members Now Served by Western Federal Credit Union - February 4, 2011 Alexandria, Virginia -- The National Credit Union Administration (NCUA) today was appointed liquidating agent of Oakland Municipal Credit Union of Oakland, by the California Department of Financial Institutions (DFI); and Western Federal Credit Union of Manhattan Beach, California, immediately purchased and assumed Oakland Municipal’s assets, liabilities and members.

NCUA Adds Social Media Expertise - NCUA has hired a new specialist in social media outreach as a way to ensure a vibrant and active presence in the social media sphere.

Archived Webinar on Troubled Debt Restructuring Hosted by Board Member Gigi Hyland is now available -

NCUA Cancels Special Closed Board Meeting -

NCUA Schedules Special Closed Board Meeting -

Agencies Announce Start of Initial Registration Period Under S.A.F.E. Act's Mortgage Loan Originator Provisions - January 31, 2011, Washington – The federal bank, thrift and credit union regulatory agencies, along with the Farm Credit Administration, announce that the Nationwide Mortgage Licensing System and Registry will begin accepting federal registrations today.

Initial 2011 NCUA Guaranteed Note Transaction Completed - January 27, 2011, Alexandria, Va. –The National Credit Union Administration today announced that the NCUA Guaranteed Notes Trust 2011-R1 offering priced on Tuesday, January 18 and closed on Thursday, January 27.

NCUA Schedules Special Closed Board Meeting -

Registration Opens for NCUA's February 17 Virtual Town Hall - January 26, 2011, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Debbie Matz will host a Town Hall Webinar Thursday, February 17 from 2 to 3:30 p.m. (EST). The free session is open to all.

NCUA Opens New Office of Minority and Women Inclusion - January 21, 2011, Alexandria, Va. -- Chairman Debbie Matz today cut the ribbon officially opening NCUA’s new Office of Minority and Women Inclusion (OMWI).

NCUA Issues Prohibition Orders - January 20, 2011, 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.

Matz Renews Call for Supplemental Capital - January 14, 2011, Alexandria, Va. – NCUA Chairman Debbie Matz today called for changes to the net worth provisions of the Federal Credit Union Act that would enable financially strong credit unions to continue offering a full range of financial service products to consumers without inadvertently reducing net-worth and triggering prompt corrective action (PCA).

Matz Sets Virtual Town Hall for February 17 - January 14, 2011, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz will host her next Virtual Town Hall on Thursday, February 17 from 2:00 to 3:30 p.m. Eastern Standard Time.

Results of the 01/13/2011 NCUA Board Meeting are available -

Draft Items for the 01/13/2011 NCUA Board Meeting are available -

NCUA Revises January Closed Board Meeting Agenda - January 10, 2011, Alexandria, Va. -- Agenda for the 01/13/2011 NCUA Closed Board Meeting has been revised

Agenda for the 01/13/2011 NCUA Board Meeting is available - January 6, 2011, Alexandria, Va. -- Agenda for the 01/13/2011 NCUA Board Meeting is available

Chairman Matz Statement on Federal Pay Freeze - January 4, 2011, Alexandria, Va. – “Effective January 1, President Obama signed into law a federal pay freeze approved by Congress. This pay freeze affects federal workers whose salary increases were not negotiated under existing union contracts. NCUA will certainly honor the pay freeze for all affected employees – and we will reduce our budget accordingly.

Agenda Released for Troubled Debt Restructuring Webinar - January 4, 2011, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Thursday, January 6, 2011 entitled “Troubled Debt Restructurings: What are they and How Does the Accounting Work?” The webinar will begin at 2:00 p.m. EST and end at 3:30 p.m. EST. The webinar is free and open to the public.

Federal Share Insurance Multi-Media Campaign Gains Nationwide Exposure - December 23, 2010, Alexandria, Va. -- NCUA today announced that donated advertising for the “NCUAsafe” multi-media public education campaign has now topped $2.6 million in the three months since its initiation.

SAFE Act Mortgage Loan Originator Registration Update - December 23, 2010, Alexandria, Va. -- The initial period for federal registration of residential mortgage loan originators under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”), 12 U.S.C. 5101–5116, is expected to begin on or around January 31, 2011, and end on or around July 29, 2011.

Effective Dates Set for FCU Director Duties Rule - December 22, 2010, Alexandria, Va. – The new NCUA rule addressing the duties of federal credit union boards will be effective in January 2011, and compliance with the financial literacy portion of the rule will be required by July 2011.

Matz Hails Passage of NCUA Amendments - December 22, 2010 Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz commended Congress for today’s passage of S. 4036, which includes three technical amendments requested by NCUA to improve the administration of the National Credit Union Share Insurance Fund (NCUSIF) and Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund).

Indirect Lending Webinar Archive Available - Alexandria, Va., December 21, 2010 – National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.”

NCUA Places AEA Federal Credit Union into Conservatorship - December 17, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of operations at AEA Federal Credit Union of Yuma, Arizona.

Results of the 12/16/2010 NCUA Board Meeting are available -

Draft Items for the 12/16/2010 NCUA Board Meeting are available -

NCUA Letter to Corporates, Fact Sheet, Detail Action Plan - December 15, 2010, Alexandria, Va. – The National Credit Union Administration this week issued a Letter to Corporate Credit Unions and a Fact Sheet to natural person credit unions detailing the corporate credit union (CCU) system transition plan and necessary natural person credit union considerations.

Beehive Credit Union Closes, Members Now Served by Security Service Federal CU - December 14, 2010 Alexandria, Virginia -- The National Credit Union Administration (NCUA) today was appointed liquidating agent of Beehive Credit Union of Salt Lake City, by the Utah Department of Financial Institutions DFI); and Security Service Federal Credit Union of San Antonio, Texas, immediately purchased and assumed Beehive’s assets, liabilities and members.

NCUA Revises December Board Meeting Agenda - December 14, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has revised the open Board meeting agenda scheduled for Thursday, December 16th at 10 a.m. The Board has added an additional item to the open meeting, NCUSIF Investment Committee Addition.

Final 2010 NCUA Guaranteed Note Transaction Generates Robust Demand - December 13, 2010, Alexandria, Va. – A National Credit Union Administration Guaranteed Note (NGN) student loan-based offering closed last Friday, with the transaction yielding $1.16 billion.

NCUA Issues Prohibition Orders - December 13, 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.

Matz Senate Banking Committee Hearing Now Available as Webcast - December 10, 2010, Alexandria, Va. – A video webcast of yesterday’s Senate Banking Committee hearing entitled “The State of the Credit Union Industry,” featuring National Credit Union Administration Chairman Debbie Matz, is now available for viewing.

Agenda for the 12/17/2010 NCUA Board Meeting is available - December 10, 2010, Alexandria, Va. -- Agenda for the 12/17/2010 NCUA Board Meeting is available

Agenda for the 12/16/2010 NCUA Board Meeting is available - December 9, 2010, Alexandria, Va. -- Agenda for the 12/16/2010 NCUA Board Meeting is available

NCUA Posts Annual Report: "Stability Through the Crisis" - December 3, 2010, Alexandria, Va. - The National Credit Union Administration today posted its combined 2008-2009 Annual Report, titled Stability Through the Crisis.

Agencies Issue Final Appraisal and Evaluation Guidelines - December 2, 2010, Alexandria, Va. -- The federal financial regulatory agencies issued final supervisory guidance today on sound practices by financial institutions for real estate appraisals and evaluations.

NCUA Extends Comment Period on Corporate Rule Amendments - November 30, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board today, by notation vote, extended the comment period to January 28, 2011, on the proposed corporate rule amendments issued at the November 18th NCUA Board meeting.

Latest NCUA Guaranteed Note Transactions Completed in November - November 30, 2010, Alexandria, Va. - The National Credit Union Administration today released information on its two November offers of NCUA Guaranteed Notes.

NCUA December Closed Board Meeting Rescheduled - November 30, 2010, Alexandria, Va. - The December closed meeting of the National Credit Union Administration (NCUA) Board has been rescheduled from December 16 to December 17 at 9 a.m.

Credit Union Earnings Grow, Chargeoffs Slow - November 29, 2010, Alexandria, Va. – Credit union earnings increased and shares and loans continued to grow at a slow, steady pace while the difficult economy presented challenges for credit unions and their members, according to third-quarter Call Reports submitted by the nation’s 7,402 federally insured credit unions.

Fryzel Visits FinAns Federal Credit Union - November 23, 2010, Alexandria Va. – NCUA Board Member, Michael E. Fryzel recently visited FinAns Federal Credit Union in Hammond, Indiana.

Constitution Corporate CUSO Purchased by Corporate America - November 22, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) today announced the acceptance of a purchase and assumption proposal submitted by Corporate America Credit Union (Corporate America) of Birmingham, Alabama, for Smart Source Solutions, a wholly-owned credit union service organization (CUSO) of Constitution Corporate Federal Credit Union of South Wallingford, Connecticut.

NCUA Issues Prohibition Orders - November 22, 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.

NCUA Transferring Shares and Assets of Constitution Corporate FCU to Members United Bridge Corporate FCU - November 22, 2010, Alexandria, Va. – The National Credit Union Administration today provided additional details regarding the November 30th liquidation of Constitution Corporate Federal Credit Union, of South Wallingford, Connecticut.

NCUA Budget in Brief - November 19, 2010, Alexandria, Va. - The 2011 Budget of $225.4 million and 1,209 full-time equivalents (FTE) is an increase of $24.5 million, or 12 percent over the prior year.

NCUA Liquidates Constitution Corporate Federal Credit Union - November 19, 2010, Alexandria, Va. -- NCUA has announced that on November 30, 2010, Constitution Corporate Federal Credit Union (Constitution) will be liquidated.

Results of the 11/18/2010 NCUA Board Meeting are available -

James to Lead Newly Created Office of Minority and Women Inclusion - November 18, 2010, Alexandria, Va. -- National Credit Union Administration Chairman Debbie Matz announced today that Tawana Y. James has been selected to head the agency's new Office of Minority and Women Inclusion (OMWI) to be established effective January 21, 2011.

Draft Items for the 11/18/2010 NCUA Board Meeting are available -

NCUA Initiates Pilot Loss Share Program - November 17, 2010, Alexandria, Va. -- The National Credit Union Administration Board today authorized the creation of a Loss Share Pilot Program as a potential option for resolving large, complex problem credit unions at the lowest cost to the National Credit Union Share Insurance Fund.

NCUA Revises November Closed Board Meeting Agenda - November 16, 2010, Alexandria, Va. -- The agenda has been revised for the closed meeting of the National Credit Union Administration (NCUA) Board scheduled on Wednesday, November 17th at 10:00 a.m.

FDIC and NCUA Chairs Join Education Secretary to Announce Partnership to Promote Financial Education and Savings Programs - November 15, 2010, Alexandria, Va. -- U.S. Secretary of Education Arne Duncan, Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair, and National Credit Union Administration (NCUA) Chairman Debbie Matz joined together today in signing a new agreement that aims to help millions of students get on the path to financial success.

520 square-foot ad featuring Suze Orman Now Posted for the Holiday Season - November 15, 2010, Alexandria, Va. -- The National Credit Union Administration’s “NCUA-safe” public education campaign took a giant step forward today with the unveiling of a 26-foot tall commercial message board in Times Square, New York, touting the safety of federal deposit insurance for credit unions.

NCUA Charters Final Two "Bridge" Corporate FCUs - November 12, 2010 Alexandria, Va. - The National Credit Union Administration today announced the creation of two new bridge corporate credit unions assuming the operations of Members United Corporate of Warrenville, Ill., and Southwest Corporate of Plano, Texas.

U.S. Department of Education, FDIC and NCUA Announce Partnership to Increase Youth Financial Literacy and School Savings Programs - November 10, 2010 Alexandria, Virginia - U.S. Secretary of Education Arne Duncan, Federal Deposit Insurance Corporation (FDIC) Chairwoman Sheila C. Bair and National Credit Union Administration (NCUA) Chairwoman Debbie Matz will visit T.C. Williams High School Main Campus in Alexandria, Va., at 9 a.m. Monday, Nov. 15, to announce a partnership agreement to promote financial education, financial access, and asset building among students and families.

Agendas for the 11/17/2010 and 11/18/2010 NCUA Board Meetings are available - November 10, 2010, Alexandria, Va. -- Agendas for the 11/17/2010 and 11/18/2010 NCUA Board Meetings are available

Agenda Released for Indirect Lending Webinar - Alexandria, Va., November 1, 2010 – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.” The webinar will begin at 2:00 p.m. EST and end at 3:30 p.m. EST. The webinar will be free and open to the public.

The Union Credit Union Closes; Member Service Continues Uninterrupted - October 29, 2010 Alexandria, Virginia - The National Credit Union Administration (NCUA) today was appointed liquidating agent of The Union Credit Union (TUCU) of Spokane, Washington, by the Washington Department of Financial Institutions (DFI) after DFI closed TUCU.

NCUA Completes First Structured Notes Transaction - October 28, 2010, Alexandria, Va. – The National Credit Union Administration today announced settlement on its initial offering of NCUA Guaranteed Notes (NGN 2010-R1), backed by an unconditional NCUA guaranty for timely payment of principal and interest.

Members Advantage Credit Union Welcomes Board Member Fryzel - October 28, 2010 Alexandria Va. – NCUA Board Member, Michael E. Fryzel recently visited Members Advantage Credit Union in Michigan City, Indiana.

NCUA Deposit Insurance Website Tool is Available - October 28, 2010, Alexandria, Va. -- In an effort to spread the word about the National Credit Union Administration (NCUA) federal share insurance public awareness campaign, NCUA is encouraging credit unions and other interested parties to install the “Keep Your Money NCUA-safe” campaign “widget” on credit union and related websites.

NCUA Revises November Board Meeting Dates and Times - October 25, 2010, Alexandria, Va. -- The closed meeting of the National Credit Union Administration (NCUA) Board has been rescheduled to Wednesday, November 17th at 10:00 A.M. The NCUA Board open meeting is still scheduled for November 18th but the time has been moved to 9:00 A.M.

Hyland Outlines Corporate Credit Union Resolution, Looks to Future - Alexandria, Va., October 25, 2010 – National Credit Union Administration (NCUA) Board Member Gigi Hyland today told the American Institute of Certified Public Accountants “Conference on Credit Unions” that NCUA is working to assist the credit union industry in weathering its “most significant financial and structural challenge” presented by a “perfect storm of over-concentration in private-label, mortgage-backed securities held by several large corporate credit unions.”

Hyland to Host Indirect Lending Webinar - Alexandria, Va., October 22, 2010 – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.” The webinar will begin at 2:00 p.m. EST and end at 3:30 p.m. EST. The webinar will be free and open to the public.

Results of the 10/21/2010 NCUA Board Meeting are available -

Phil-Pet Federal Credit Union Closes - October 21, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) placed Phil-Pet Federal Credit Union, located in Pampa, Texas, into liquidation on October 18, 2010.

Draft Items for the 10/21/2010 NCUA Board Meeting are available -

NCUA Issues 2011 Board Meeting Schedule - October 20, 2010, Alexandria, Va. -- The National Credit Union Administration today released the monthly Board meeting schedule for 2011. The NCUA Board generally meets during the third or fourth week of each month, except August, when no meeting is scheduled.

NCUA Revises October Board Meeting Agenda - October 19, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board meeting agenda is being revised to add an additional item to the open session: Briefing - NCUSIF Public Education Campaign.

NCUA Revises October Board Meeting Agenda - October 18, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board meeting agenda has been modified. One item have been added to the open session – Interim Final Rule, Part 702, Prompt Corrective Action, revising the low risk asset definition.

Hendricks Joins NCUA as Director of Equal Opportunity - Alexandria, Va., October 15, 2010 – National Credit Union Administration Executive Director David M. Marquis announced this week that S. Denise Hendricks has been appointed director of the agency’s Equal Opportunity Programs (EOP).

Agenda for the 10/21/2010 NCUA Board Meeting is available - October 14, 2010, Alexandria, Va. -- Agenda for the 10/21/2010 NCUA Board Meeting is available

NCUA Guaranteed Notes Assigned 0 Percent Risk Weight - October 14, 2010, Alexandria Va. – The National Credit Union Administration (NCUA) Guaranteed Notes (NGNs), backed by an unconditional NCUA guaranty for timely payment of principal and interest, will carry a 0 percent risk weight in accordance with clarification NCUA gained coordinating with the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and the Office of Thrift Supervision (federal banking agencies).

NCUA Repays $10 Billion in Corporate Loans - October 13, 2010, Alexandria, Va. – Using proceeds from selling performing assets of two formerly conserved corporate credit unions, the National Credit Union Administration yesterday repaid $10 billion plus interest to the U.S. Department of Treasury.

NCUA Combines LA and Phoenix Town Hall Meetings - October 12, 2010, Alexandria, Va. – The National Credit Union Administration is combining the Phoenix and Los Angeles Town Hall Meetings into the single location of Los Angeles, Calif., on October 29 to consolidate efforts and minimize expenditures and resources.

NCUA Regional Town Hall Meetings Continue Dialogue with Industry - October 7, 2010, Alexandria, Va. – The series of National Credit Union Administration Regional Town Hall meetings aimed at discussing new corporate rules and corporate legacy asset resolution, continues next week with sessions in Atlanta, Detroit, and Columbus, Ohio. Additional Town Halls will convene throughout the month, finishing October 29.

Matz Starts Nationwide Radio Tour - October 5, 2010, Alexandria, Va. -- NCUA Chairman Debbie Matz today took to the airwaves to promote NCUA's new public service campaign aimed at raising public awareness of credit union federal deposit insurance.

NCUA Charters "Bridge" Corporate Credit Unions - October 5, 2010, Alexandria, Va. -- The National Credit Union Administration today announced the creation of two bridge corporate credit unions to assume operations of U.S. Central Corporate Federal Credit Union (US Central) and Western Corporate Federal Credit Union (WesCorp).

NCUA Launches Campaign to Educate Consumers on Share Insurance and Coverage Limits - October 4, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) today announced the launch of a new national campaign designed to educate consumers about the benefits and purpose of the National Credit Union Share Insurance Fund (NCUSIF).

Fryzel Emphasizes Three Key Stages of the Corporate Resolution Plan - October 4, 2010, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Michael E. Fryzel in an address to the New Jersey Credit Union League, emphasized the three key stages of the NCUA’s Corporate Resolution Plan.

Matz Remarks at the Financial Stability Oversight Council Meeting - October 1, 2010, Alexandria, Va. -- Below is the text of remarks delivered today by NCUA Chairman Debbie Matz at the inaugural meeting of the Financial Stability Oversight Council.

Financial Stability Oversight Council Holds Inaugural Meeting - WASHINGTON – Convening today for its first meeting, the Financial Stability Oversight Council took a number of important steps to fulfill its mandate under Dodd-Frank Wall Street Reform and Consumer Protection Act.

NCUA Issues Prohibition Orders - September 29, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued two prohibition orders.

Fourth Corporate DVD Track Details Legacy Asset Resolution - September 28, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued its fourth and final corporate presentation explaining the plan developed to resolve the legacy assets held by some of the nation’s largest corporate credit unions.

NCUA Appoints Experienced Executives to Oversee Conserved Corporates - September 28, 2010, Alexandria, Va. – The National Credit Union Administration has selected experienced experts to oversee the operations of the corporate credit unions placed into conservatorship last week – Southwest Corporate Federal Credit Union, Members United Corporate Federal Credit Union and Constitution Corporate Federal Credit Union.

NCUA Regional Town Hall Meetings to Discuss New Corporate Rules, Asset Plans - September 27, 2010, Alexandria, Va. – The National Credit Union Administration is announcing a series of 11 Town Hall meetings across the country in October in an effort to reach as many stakeholders as possible to explain the comprehensive new rules relating to corporate credit union operations and corporate legacy asset resolution.

Results of the 09/24/2010 NCUA Board Meeting are available -

NCUA Unveils Corporate System Resolution Plan -

NCUA Adopts Reforms for Corporate Credit Union System, Protects Consumers - September 24, 2010, Alexandria, Va. – The National Credit Union Administration today assumed control of three undercapitalized corporate credit unions, announced a plan to isolate the impaired assets in the corporate credit union system, and finalized a set of stronger regulations – key elements in its efforts to resolve the financial challenges facing corporate credit unions without disrupting consumer service.

Draft Items for the 09/24/2010 NCUA Board Meeting are available -

Fryzel Emphasizes Need for Strengthened Confidence and Continued Involvement in the Government Process - September 22, 2010, Washington, D.C. –National Credit Union Administration Board Member Michael E. Fryzel called on credit unions to work to strengthen confidence in themselves and their abilities to enhance the credit union system and to continue to stay involved in the government process during his address at NAFCU’s Congressional Caucus in Washington, D.C. today.

Virtual Town Hall Set for September 27, 2010 - September 21, 2010, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Monday, September 27 from 3 to 5 p.m. (EST) featuring detailed discussion of NCUA’s initiatives to strengthen the corporate credit union system.

2010 Premium and Assessment Discussed by Board Member Hyland at NAFCU Congressional Caucus - Alexandria, Va., September 20, 2010 – Board Member Gigi Hyland spoke today before the NAFCU Congressional Caucus in Washington, DC. Her remarks focused on the 2010 Share Insurance Fund premium and Corporate Stabilization Fund assessment recently levied on federally insured credit unions.

Federal Financial Institution Regulators Announce Availability of 2009 Data on Mortgage Lending - September 20, 2010 –The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 8,124 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).

NCUA Board Makes $250K Insurance Permanent - September 17, 2010, Alexandria, Va. –The National Credit Union Administration Board voted to amend NCUA regulations to make permanent the $250,000 per account National Credit Union Share Insurance Fund (NCUSIF) coverage limit.

Results of the 09/16/2010 NCUA Board Meeting are available -

Chairman Debbie Matz' Statement on Share Insurance Fund Premium - September 16, 2010, Alexandria, Va. – Chairman Debbie Matz' Statement on Share Insurance Fund Premium

NCUA Board Approves Payday Loan Alternative - September 16, 2010, Alexandria, Va. – Providing consumers with an alternative to borrowing from potentially predatory payday lenders, the National Credit Union Administration today adopted a new rule – with a strong set of consumer safeguards – to allow federal credit unions to make short-term, small-amount loans and to extend lines of credit to their members.

Letter to Credit Unions 10-CU-17, National Credit Union Share Insurance Fund Premium is Released -

Draft Items for the 09/16/2010 NCUA Board Meeting are available -

Board Member Hyland Addresses Mid-Size Ohio Credit Union CEO Roundtable - September 14, 2010 – National Credit Union Administration Board Member Gigi Hyland, speaking today at Miami University, Oxford, Ohio, encouraged mid-size credit union CEOs to continue their due diligence efforts and actively monitor their loan portfolios.

Industries Puerto Rico Federal Credit Union Members Now Served by Borinquen Community Federal Credit Union - September 13, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today liquidated Industries Puerto Rico Federal Credit Union of Manati, Puerto Rico, and accepted Borinquen Community Federal Credit Union’s offer to purchase and assume the credit union.

Agenda for the 09/16/2010 NCUA Board Meeting is available - September 9, 2010, Alexandria, Va. -- Agenda for the 09/16/2010 NCUA Board Meeting is available

First American Credit Union Closes - September 1, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) was appointed liquidating agent of First American Credit Union of Beloit, Wisconsin by the Wisconsin Office of Credit Unions on August 31, 2010.

NCUA Files Amended Complaint for Losses at WesCorp - August 31, 2010, Alexandria, Va. – The National Credit Union Administration (“NCUA”) Board, in its role as Conservator of Western Corporate Federal Credit Union (“WesCorp”), today filed an amended complaint with the U.S. District Court for the Central District of California in a pending lawsuit as a result of losses at the conserved corporate credit union.

Temporary Corporate Credit Union Share Guarantee Program Extended - August 31, 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 September 30, 2012, to December 31, 2012.

Net Worth Holds Steady - August 30, 2010, Alexandria, Va. – Credit unions continue to welcome new members, while helping many existing members overcome financial stress, according to second-quarter Call Reports from America‟s 7,445 federally insured credit unions.

NCUA Schedules Closed Board Meeting - August 27, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) Board today scheduled a closed Board meeting for Friday, September 3 at 11:30 a.m.

NCUA Charters Shepherd’s FCU in Charlotte, North Carolina - August 26, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today approved the charter for Shepherd’s Federal Credit Union, located in Charlotte, N.C.

Board Member Fryzel Addresses Defense Credit Union Council at Annual Conference - August 24, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel addressed an audience of nearly 200 at the Defense Credit Union Council’s 47th Annual Conference and Showcase today in Minneapolis, Minn.

Board Member Fryzel Meets with Uzbekistan Delegates - August 20, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel met today with delegates from Uzbekistan at the Illinois Credit Union League’s office in Naperville, Ill.

Matz Schedules Oregon Town Hall Meeting for October 5, 2010: 1:00-4:00 PM Pacific Time - August 18, 2010, Alexandria, Va. – NCUA Chairman Debbie Matz will host a Town Hall in Portland, Oregon, October 5, 2010, in an effort to foster two-way communication and discuss developments affecting both natural person and corporate credit unions.

Financial Regulators Adopt Guidance on Reverse Mortgage Products - August 16, 2010, The Federal Financial Institutions Examination Council (FFIEC) released guidance today on reverse mortgage products.

Enhancing Transparency, NCUA Posts Initial Board Meeting Video - August 12, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today posted an online video of the open NCUA Board meeting conducted on July 29, 2010.

Ulan Named Associate General Counsel, Director of Operations - August 6, 2010, Alexandria, Va. –– The National Credit Union Administration (NCUA) has named Hattie M. Ulan Associate General Counsel, Director of Operations within the Office of General Counsel (OGC).

Hyland Underscores Ongoing Challenges for Directors - Alexandria, VA, August 5, 2010 – Speaking yesterday before 1,100 attendees at the 33rd Annual National Directors’ Convention, National Credit Union Administration Board Member Gigi Hyland highlighted the critical role of credit union directors.

Fryzel Visits Allegius Federal Credit Union - August 4, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel recently met with Allegius Federal Credit Union (FCU) CEO Russell Dahl, Board Chairman Bruce Aubry, other Board Members and key staff, and Indiana Credit Union League President John McKenzie for a discussion of credit union issues and a tour of Allegius FCU in Burns Harbor, Indiana.

NCUA Issues Letter of Understanding and Agreement - August 4, 2010, Alexandria, Va., -- The National Credit Union Administration (NCUA) has published a Letter of Understanding and Agreement (LUA) entered into with the officials of Veritas Federal Credit Union, Franklin, Tennessee.

NCUA Posts Overdraft Fee Notice for Credit Unions to Inform Members - August 3, 2010, Alexandria, Va. – The National Credit Union Administration has posted the Federal Reserve Board’s sample notice – What You Need to Know about Overdrafts and Overdraft Fees – for credit unions to send to members in time to meet notification requirements under the Fed’s revised Regulation E.

Kappa Alpha Psi Federal Credit Union Placed into Liquidation - August 3, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) today placed Kappa Alpha Psi Federal Credit Union, located in Addison, Texas, into liquidation.

Certified Federal Credit Union Closes; Members Now Served by Vons Employees Federal Credit Union - August 2, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) liquidated Certified Federal Credit Union (Certified) of Commerce, California, July 31, 2010.

Family First Federal Credit Union Placed Into Conservatorship - July 30, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of operations at Family First Federal Credit Union of Orem, Utah. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.

NCUA Schedules Special Board Meeting - July 30, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for Tuesday, August 3, 2010, at 8:30 a.m.

NCUA Announces $2 Million in Budget Cuts - July 30, 2010, Alexandria, Va. –After a mid-year review found that operations of the National Credit Union Administration have been running 8 percent below their original budget during the first half of 2010, NCUA Chairman Debbie Matz has announced that the agency’s budget for this year has been reduced by $2 million.

Norbel Credit Union Members Now Served by Security Service Federal Credit Union - July 29, 2010 Alexandria, Virginia - The National Credit Union Administration (NCUA) today was appointed liquidating agent of Norbel Credit Union of Fort Collins, Colorado, by the Colorado Division of Financial Services (DFS); and Security Service Federal Credit Union of San Antonio, Texas, immediately purchased and assumed Norbel’s assets, liabilities and members.

Results of the 07/29/2010 NCUA Board Meeting are available -

Matz Joins Geithner, Other Regulators, to Lay Consumer Bureau Groundwork - July 29, 2010, Alexandria, Va. -- NCUA Chairman Debbie Matz today joined Treasury Secretary Timothy Geithner and other federal financial regulators for the initial meeting of an inter-agency working group designed to transfer personnel and functions to the newly-created Consumer Financial Protection Bureau.

Draft Items for the 07/29/2010 NCUA Board Meeting are available -

Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements - Alexandria, Va., July 28, 2010 – Federal agencies issue final rules to implement S.A.F.E. Act requirements for registration of mortgage loan originators.

Third NCUA Corporate DVD Now Available Online - July 28, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today posted online the third installment of explanatory tracks to help credit unions better understand the history and prevailing situation involving the nation’s corporate credit union system.

Worth Joins NCUA as Chief Economist - Alexandria, Va., July 27, 2010 – The National Credit Union Administration has selected John D. Worth as Director, Office of the Chief Economist effective July 26, 2010.

Board Member Hyland Challenges NAFCU Attendees - Alexandria, Va., July 26, 2010 – National Credit Union Administration Board Member Gigi Hyland challenged credit unions to take advantage of the many opportunities before them in facing the current economic crisis on July 23, 2010, when addressing attendees at the 43rd Annual Conference and Exhibition of the National Association of Federal Credit Unions.

Corporate Stabilization Fund Receives Unqualified Audit Opinion for 2009 - July 26, 2010, Alexandria, Va. –The National Credit Union Administration today released the 2009 financial report for the Temporary Corporate Credit Union Stabilization Fund (TCCUSF).

Agenda for the 07/30/2010 NCUA Board Meeting is available-note time has been moved to 9:00a.m. -

Fryzel Invokes "We Will Spirit" at NAFCU Conference - July 23, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel, called upon the 1,800 delegates at the 43rd Annual Conference and Exhibition of the National Association of Federal Credit Unions, in Chicago Illinois, to invoke the “we will spirit” of the city of Chicago as the nation continues its economic struggles.

Arrowhead Second Quarter Financial Results Posted; Misstatements Corrected - July 22, 2010. Alexandria, Va. -- The National Credit Union Administration, in its role as conservator, today released Arrowhead Central Credit Union's (Arrowhead Central) second quarter Call Report, the detailed financial statement issued by every federally insured credit union.

Agenda for the 07/29/2010 NCUA Board Meeting is available -

Matz to NAFCU: Managing Risks, Preventing Losses Will Reduce CU Insurance Fees - July 22, 2010, Alexandria, Va. – Urging the nation’s credit unions to manage risks wisely, National Credit Union Administration Chairman Debbie Matz today reminded an industry trade association that credit union losses will be the key factor in determining the fees required for their federal deposit insurance fund.

$250,000 NCUA SHARE INSURANCE PROTECTION NOW PERMANENT - July 22, 2010, Alexandria, Va. -- NCUA $250,000 INSURANCE COVERAGE NOW PERMANENT

Fryzel Tours Navy FCU Facilities with Admiral Dawson - July 22, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel recently spent a day touring the branch facilities and surrounding Naval base of Navy Federal Credit Union located in Great Lakes Illinois.

Matz Attends Presidential Bill Signing - July 21, 2010, Alexandria, Va. -- National Credit Union Administration Chairman Debbie Matz today joined a host of Congressional and Administration leaders as President Barack Obama signed the “Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010” into law.

July 21 Closed NCUA Board Meeting Rescheduled to 8:30 a.m. - July 19, 2010, Alexandria, Va. – The time for the special closed NCUA Board meeting scheduled for July 21 has been moved from 9 a.m. to 8:30a.m.

NCUA Issues Prohibition Orders - July 19, 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.

Matz Calls for Increased Diligence on Energy Loan Programs - July 15, 2010, Alexandria, Va. – NCUA Chairman Debbie Matz today issued the following statement in an effort to protect the safety and soundness of credit unions and consumers:

NCUA Terminates 4 Former Arrowhead Credit Union Execs - July 14, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) yesterday terminated the four former Arrowhead Central Credit Union employees who were placed on temporary administrative leave when NCUA assumed control of the credit union on June 25.

NCUA Schedules Special Board Meeting - July 14, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for Friday, July 21, 2010, at 9 a.m.

Regulators Issue Statement to Assist Financial Institutions and Customers Affected by the Deepwater Horizon Oil Spill - July 14, 2010, Alexandria, Va. -- The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today to assist financial institutions and their customers affected by the Deepwater Horizon Mobile Offshore Drilling Unit explosion and oil spill in the Gulf of Mexico.

Matz Encourages Congressional Action on Small Business Lending - July 13, 2010, Alexandria, Va. -- I applaud Fed Chairman Bernanke's call for increased lending to small businesses.

NCUA Schedules Special Board Meeting - July 7, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed Board meeting for Friday, July 30, 2010, at 10 a.m.

NCUA Files Notice of Claim for Losses at U.S. Central FCU - July 1, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA), in its role as Conservator of US Central Federal Credit Union, yesterday filed a “notice of claim” with Travelers Casualty and Surety Co. to preserve NCUA’s right to the full amount of coverage provided under US Central’s Directors and Officers Liability policy.

First Delta Federal Credit Union Merges; Members Now Served by Shreveport Federal Credit Union - July 1, 2010, Alexandria, Va. – On June 30th, the National Credit Union Administration (NCUA) merged First Delta Federal Credit Union of Marks, Mississippi, with Shreveport Federal Credit Union of Shreveport, Louisiana.

Southwest Community Federal Credit Union Placed into Liquidation; Chartway Federal Credit Union Purchases and Assumes Assets - July 1, 2010 Alexandria, Virginia - The National Credit Union Administration (NCUA) liquidated Southwest Community Federal Credit Union of Saint George, Utah on June 30, 2010.

NCUA Encourages Credit Unions Readiness for Hurricane Alex - Alexandria, Va., June 30, 2010 – In anticipation of the potential impact of Hurricane Alex as it strengthens and makes its way toward the Gulf Coast, the National Credit Union Administration (NCUA) is advising credit unions and credit union members in the potential path of the storm to prepare for all contingencies, including the possible interruption of some credit union operations.

Monday Webinar Now Online - June 30, 2010, Alexandria, Va. – National Credit Union Administration (NCUA) announces the "virtual" Town Hall session held on June 28, 2010, is available on the NCUA website.

NCUA On Track with CDCI Processing - June 29, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today announced that two-thirds of the 111 applications it received to the Community Development Capital Initiative (CDCI) have been reviewed, with a majority of these being forwarded to the US Department of the Treasury (Treasury) for funding determination.

Second NCUA Corporate DVD Now Posted Online - June 28, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today posted online the second of three explanatory tracks to help credit unions better understand the history and prevailing situation involving the nation’s corporate credit union system.

Arrowhead Central Credit Union Placed into Conservatorship - June 25, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today placed Arrowhead Central Credit Union of San Bernardino, California, into conservatorship. By assuming control, NCUA will continue credit union service to the members and ensure safe and sound credit union operations.

NCUA Schedules Special Board Meeting - June 25, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA)Board has scheduled a closed Board meeting for Wednesday, June 30, 2010 at 11:00 a.m.

Letter to Credit Unions 10-CU-09 - Temporary Corporate Credit Union Stabilization Fund Assessment -

NCUA Schedules Special Board Meeting - June 18, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA)Board has scheduled a closed Board meeting for Thursday, June 24, 2010 at 9:30 a.m.

Results of the 06/17/2010 NCUA Board Meeting are available -

Matz Statement on Stabilization Fund Assessment - June 17, 2010, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz made the following statement at today’s NCUA Board Meeting regarding the Board’s decision to assess federally insured credit unions a 13.4 basis point assessment for costs associated with the continuing losses in the corporate credit union system:

Draft Items for the 06/17/2010 NCUA Board Meeting are available -

NCUA Revises June Board Meeting Agenda - June 15, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board meeting agenda issued for Thursday, June 17th has been modified.

NCUA Financial Reports Receive Unqualified Audit Opinions for 2008, 2009 - June 14, 2010, Alexandria, Va. – The National Credit Union Administration today released financial reports for 2008 and 2009, including audited statements of the National Credit Union Share Insurance Fund (NCUSIF).

Fryzel Discusses Assessments in Remarks to Ukrainian Credit Unions - June 14, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel, discussed the issue of assessments at the Ukrainian Credit Union Associations Annual Meeting held recently in Yonkers, NY.

Matz Announces New NCUA Grants to Serve Low-Income Credit Union Members - June 11, 2010, Alexandria, Va. – To help credit unions that serve low-income members increase outreach to their local communities, the National Credit Union Administration is expanding its range of grants, NCUA Chairman Debbie Matz announced today.

Hyland Highlights Supervisory Committee Role, Calls for Continued Vigilance - June 11, 2010, Alexandria, Va. -- National Credit Union Administration Board Member Gigi Hyland yesterday emphasized the critical part that credit union supervisory/audit committees in overseeing the safe and sound operation of credit unions.

NCUA Issues Letter of Understanding and Agreement - June 11, 2010, Alexandria, Va., -- The National Credit Union Administration (NCUA) has published a Letter of Understanding and Agreement (LUA) entered into with the officials of Sperry Associates Federal Credit Union, Garden City Park, New York.

NCUA Approves Royal Credit Union Purchase of Assets and Deposits from Anchor Bank - June 11, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) announces today that it has the Purchase and Assumption of certain assets, including eleven branch offices in Wisconsin, and deposits by Royal Credit Union from Anchor Bank.

Agenda for the 06/17/2010 NCUA Board Meeting is available -

Orange County Employees Credit Union Closes; Members Now Served by Sabine Federal Credit Union - June 9, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) was today appointed liquidating agent of Orange County Employees Credit Union (Orange County Employees) of Orange, Texas, by the Texas Credit Union Department.

Hyland Encourages Outreach by Latino Credit Unions, Flexibility by NCUA - June 9, 2010, Alexandria, Va. -- NCUA Board Member Gigi Hyland today told the National Federation of Community Development Credit Union’s Latino Credit Union Conference that the Latino community “needs credit unions that understand and serve their unique needs,” and encouraged credit unions to continue their commitment to innovative outreach.

NCUA Video Explains Corporate Crisis in Plain English - June 9, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today posted online the first of three explanatory tracks to help credit unions better understand the history and prevailing situation involving the nation’s corporate credit union system.

Yolles Named Region III Director - June 9, 2010, Alexandria, Va. –– The National Credit Union Administration (NCUA) announces today that Herb Yolles has been selected to serve as temporary regional director of Region III through the remainder of 2010.

NCUA Issues Prohibition Orders - June 7, 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.

Woodco Federal Credit Union Sustains Extensive Tornado Damage - Alexandria, Va., June 7, 2010 – The National Credit Union Administration (NCUA) announces today that Woodco Federal Credit Union in Millbury, Ohio, sustained major damage last Saturday when a tornado touched down destroying significant portions of the high school where the credit union is located.

Virtual Town Hall Set for June 28 - June 7, 2010, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz will host another in her series of Town Hall Webinars on Monday, June 28, 2010, from 3 to 4:30 p.m. EDST. The free session is open to all.

Temporary Corporate Credit Union Share Guarantee Program Extended - June 2, 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 June 30, 2012, to September 30, 2012.

Few Positive Signs in First-Quarter Data - June 2, 2010, Alexandria, Va. – As America’s credit unions continue to welcome new members and new deposits, their balance sheets are challenged by a declining demand for loans across the board, according to first-quarter Call Report data submitted by the nation’s 7,498 federally insured credit unions.

Small Business Job Creation Boosted by Credit Union Lending, Says Matz - May 28, 2010, Alexandria, Va. – Small business is a vital contributor to job creation in the American economy, said National Credit Union Administration Chairman Debbie Matz today, as she marked the close of National Small Business Week.

NCUA Chairman Matz Comments on FTC Non-Federal Insurance Rule - May 26, 2010, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz issued the following statement regarding Federal Trade Commission approval of a rule mandating disclosures of insurance status by non-federally insured financial institutions, including credit unions.

NCUA Charters Chippewa Eagle FCU in Mount Pleasant, Michigan - May 25, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) Board today approved the charter for a new federal credit union.

Fraud Email Phishing Activity Reported - May 25, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) is reporting recently simulated NCUA email boxes.

Hyland Provides Perspectives on Regulatory, Tech Issues to Podcast Audience - May 25, 2010 Alexandria, Va. -- National Credit Union Administration (NCUA) Board Member Gigi Hyland participated in a podcast Monday on current issues facing the credit union system.

Fryzel Highlights Michigan's Commitment to Credit Unions and Their Members - May 24, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel, addressing a group of over 500, praised the Michigan Credit Union League for its commitment to credit unions and their members at the League’s Annual Convention and Exhibition held in Detroit May 21, 2010.

Results of the 05/20/2010 NCUA Board Meeting are available -

Matz Marks Anniversary of Stabilization Fund, Looks to Future - May 20, 2010 Alexandria, Va.-- National Credit Union Administration Chairman Debbie Matz today marked the first anniversary of the creation of the Corporate Credit Union Stabilization Fund (CCUSF) by noting its success in helping credit unions manage the costs stemming from corporate credit union losses, and urging continuing progress in reforming the system.

Draft Items for the 05/20/2010 NCUA Board Meeting are available -

Phillips Joins NCUA as Human Resources Director - May 17, 2010, Alexandria, Va. – The National Credit Union Administration has selected Lorraine Phillips as Director, Office of Human Resources effective May 17, 2010.

Convent Federal Credit Union Closes - May, 17, 2010, Alexandria, Va. -- The National Credit Union Administration NCUA) today placed Convent Federal Credit Union, located in New York, N.Y., into liquidation.

NCUA Revises May Board Meeting Agenda - May 17, 2010, Alexandria, Va. - The National Credit Union Administration (NCUA) Board meeting agenda issued for Thursday, May 20th has been modified.

Matz Urges Changes to Senate Regulatory Reform Bill - May 14, 2010, Alexandria, Va. – As the Senate moves closer to final votes on regulatory restructuring legislation in the coming days, NCUA Chairman Debbie Matz has written Senators in support of two key changes in the pending measure.

Agenda for the 05/20/2010 NCUA Board Meeting is available -

NCUA to Consider Splitting Fees for Share Insurance Fund and Corporate Stabilization Fund - May 13, 2010, Alexandria, Va. – To provide greater transparency among the two separate funds managed by the National Credit Union Administration, Chairman Debbie Matz said the NCUA Board in June will consider separating both the assessments and the timing of credit union payments for the National Credit Union Share Insurance Fund and the Temporary Corporate Credit Union Stabilization Fund.

Virtual Town Hall Set for June 28 - May 13, 2010, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Monday, June 28 from 3-4:30 p.m. (EDT).

Over $12M Available for VITA and Elderly Tax Counseling Grants - May 12, 2010, Alexandria, Va. - The Internal Revenue Service (IRS) recently announced it will award nearly $12 million in Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) grants.

NCUA Activates Assistance in Response to Tennessee Disaster - Alexandria, Va., May 11, 2010 -- The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe storms and flooding in Tennessee.

NCUA Issues Prohibition Orders - Alexandria, Va., May 7, 2010 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Fryzel Discusses Important Issues with Credit Union CEO's at NY Roundtable - May 6, 2010, Alexandria Va. – National Credit Union Administration Board Member Michael E. Fryzel discussed credit union issues he believes require the attention and involvement of all credit unions during the New York State Large Credit Union CEO Roundtable in West Point, N.Y.

Speakers Named for NCUA/CUNA Tech Council Webinar - May 3, 2010, Alexandria, Va. – Five credit union technology experts will join National Credit Union Administration Chairman Debbie Matz on May 5 for the NCUA / CUNA Technology Council webinar to help credit unions improve online services.

St. Paul's Croatian Federal Credit Union Closes - May 1, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) last night liquidated St. Paul's Croatian Federal Credit Union of Eastlake, Ohio.

Swann Reassigned to Office of Executive Director; Yolles Named Acting RD, Region III - April 30, 2010, Alexandria, Va. –– The National Credit Union Administration (NCUA) today announced the reassignment of Region III Director Alonzo Swann to the Office of the Executive Director.

NCUA Issues Letter of Understanding and Agreement - April 30, 2010, Alexandria, Va., -- The National Credit Union Administration (NCUA) and the Commonwealth of Massachusetts Division of Banks have jointly issued a Letter of Understanding and Agreement to the officials of Tremont Credit Union, Braintree, Massachusetts, in order to restore the credit union to safe and sound operation.

Matz Ensures Transparency of NCUA Financials - April 30, 2010, Alexandria, Va. – The National Credit Union Administration is engaged with two audit firms to ensure transparency of the agency’s soon-to-be-released financial statements in full compliance with new accounting rules, Chairman Debbie Matz announced today.

Results of the 04/29/2010 NCUA Board Meeting are available -

Draft Items for the 04/29/2010 NCUA Board Meeting are available -

Matz Touts Financial Literacy, Credit Union Involvement - April 28, 2010, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Debbie Matz today visited a student-run credit union branch at T.C. Williams High School in Alexandria, Va.

Financial Literacy and Education Commission Launches New My Money Web Site - Today the Financial Literacy and Education Commission (FLEC) announced the launch of its redesigned financial literacy education website, www.MyMoney.gov.

Tracy Federal Credit Union Members Now Served by Valley First Credit Union - April 27, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today liquidated Tracy Federal Credit Union (Tracy FCU) of Tracy, California, and accepted Modesto, California, based Valley First Credit Union’s offer to purchase and assume the credit union.

NCUA Promotes Credit Union Efforts During Congressional Financial Literacy Day - April 27, 2010, Alexandria, Va. – The National Credit Union Administration today highlighted NCUA and credit union industry efforts to enhance financial education during the annual Congressional Financial Literacy Day on Capitol Hill. U.S. Senators Daniel Akaka (D-Hawaii) and Michael Enzi (R-Wyoming) were honorary co-hosts of this year’s event, which was attended several hundred congressional staff, members of the news media and over a dozen federal agencies.

NCUA Revises April Board Meeting Agenda - April 27, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) April Board meeting agenda has been modified.

St. Paul Croatian Federal Credit Union Placed In Conservatorship - April 23, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) today assumed control of the operations of St. Paul Croatian Federal Credit Union, a federally chartered and federally insured credit union headquartered in Eastlake, Ohio.

NCUA Schedules Closed Board Meeting - April 22, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for April 23, 2010, at 10 a.m.

Agenda for the 04/29/2010 NCUA Board Meeting is available -

Staff Enthusiasm Boosts NCUA Effort To Strengthen Environmental Practices - April 22, 2010, Alexandria, Va.- A far-reaching new Green Initiative, dubbed "greeNCUA," has helped reduce the environmental impact of everyday operations and has helped inspire employees to focus on improving environmental protection, the National Credit Union Administration said today as the federal agency marked the 40th national observance of Earth Day.

NCUA Issues Letter of Understanding and Agreement - April 20, 2010, Alexandria, Va .– Today the National Credit Union Administration (NCUA) has issued a Letter of Understanding and Agreement (LUA) entered into with the officials of Kappa Alpha Psi Federal Credit Union, Dallas, Texas.

Federal Regulators Release Model Consumer Privacy Notice Online Form Builder - Eight federal regulators released an Online Form Builder today that financial institutions can download and use to develop and print customized versions of a model consumer privacy notice.

The April NCUA Report Newsletter is Available Online -

Media Advisory - Board Member Hyland Announces Release of Supplemental Capital White Paper - April 9, 2010, Alexandria, Va. – National Credit Union Board Member Gigi Hyland announced today the release of a White Paper on supplemental capital. The White Paper, prepared by an internal working group at NCUA, is the culmination of an initiative that Board Member Hyland launched in December 2008 to accelerate consideration of supplemental capital approaches.

Media Advisory - Fryzel Extends Condolences on Polish Tragedy - April 11, 2010, Alexandria Va. - National Credit Union Administration Board Member Michael E. Fryzel, the first Polish American appointed to NCUA board and to serve as its Chairman, extended his condolences to the people of Poland and the millions of Polish Americans across the United States on the tragic death of Poland’s President Lech Kaczynski, his wife Maria. and 95 other high ranking Polish officials, in a plane crash Saturday in Russia.

Media Advisory - Matz Provides Insights into Future of Corporate Credit Unions - April 9, 2010, Alexandria, Va. – Responding to questions after speaking to 800 officials at the Texas Credit Union League Annual Meeting in Grapevine, Texas, National Credit Union Administration Chairman Debbie Matz provided further insights into the future of the corporate credit union system.

Media Advisory - South End Mutual Benefit Association, Inc. Closes - April 8, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) today accepted appointment as receiver/liquidator of South End Mutual Benefit Association, Inc., a state chartered credit union in Bloomfield, Connecticut, following the State of Connecticut Department of Banking decision to close the credit union.

Media Advisory - NCUA / CUNA Tech Council Webinar Will Help Credit Unions Improve Online Services - April 7, 2010, Alexandria, Va. – The National Credit Union Administration and the CUNA Technology Council will co-host a webinar on May 5 to help credit unions improve online services by featuring best practices in member technology solutions.

Media Release - NCUA Activates Disaster Assistance in Response to Storms and Flooding - April 2, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe storms and flooding in the nation’s northeast.

Media Advisory - Fryzel Commends Credit Union Activism at Illinois Legislative Conference - March 30, 2010, Alexandria Va. - National Credit Union Administration Board Member Michael E. Fryzel addressed over 140 attendees at the recent Illinois Credit Union League’s Legislative Conference held in Springfield, Illinois.

Media Advisory – Treasury Extends Capital Program Application Deadline - March 29, 2010, March 29, 2010, Alexandria, Va. - The deadline has been extended on the U.S. Treasury Community Development Capital Initiative (CDCI) to invest lower-cost capital in certain financial institutions, including low-income credit unions (LICUs).

Media Advisory – New NCUA Website Features Quick Access, Improved Navigation - March 29, 2010, Alexandria, Va. - The new National Credit Union Administration website at www.ncua.org showcases an updated look and feel to encourage consumers, credit unions and other interested parties to visit the site and become familiar with its improved layout and design.

Media Advisory - Matz Encourages Credit Unions to Explore Enhanced Foreclosure Relief Programs - March 26, 2010, Alexandria, Va. – Praising a new Obama Administration initiative to help consumers avoid home foreclosures, National Credit Union Administration Chairman Debbie Matz today encouraged the nation?s credit unions to redouble efforts to work with members who are seeking ways to deal with troubled mortgages.

Media Advisory - Teachers Credit Union Welcomes Board Member Fryzel - March 25, 2010, Alexandria, Va. – National Credit Union Administration Board Member Michael E. Fryzel recently visited Teachers Credit Union in South Bend, Indiana, where he met with Indiana League President John McKenzie and Teachers Credit Union President and CEO Richard Rice, board members, and credit union staff.

Media Release - Sign Up To Follow NCUA On Twitter - March 24, 2010, Alexandria, Va. – The National Credit Union Administration is now on Twitter. Join the conversation on Twitter at www.twitter.com, and you’ll be able to track the latest news and happenings at NCUA.

Media Advisory - Matz Shares Progress toward Corporate Resolution - March 23, 2010, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today said NCUA aims to announce a plan to remove corporate credit unions’ “legacy assets” by the end of June.

Media Advisory - NCUA-IRS Expand VITA Program - March 22, 2010, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz recently met with the Internal Revenue Service (IRS) Wage and Investment Commissioner Richard E. Byrd, Jr., to discuss the importance and expansion of the IRS VITA (Volunteer Income Tax Assistance) partnership program.

Media Advisory - Fryzel Commends Mid-Illini Credit Union on 70 Years of Service - March 22, 2010, Alexandria Va. – NCUA Board Member, Michael E. Fryzel recently helped Mid-Illini Credit Union, based in Bloomington Illinois, celebrate its 70th anniversary. Fryzel spoke at the credit union’s annual meeting and open house, attended by over 400 people. While there Mr. Fryzel met with President Tom Stewart, the board of directors, staff, and credit union members.

Tracy Federal Credit Union Placed Into Conservatorship - March 19, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today placed into conservatorship Tracy Federal Credit Union of Tracy, California.

Matz Stresses Consumer Benefits, Strong Oversight in Web Appearance - March 18, 2010, Alexandria, Va. -- National Credit Union Administration Chairman Debbie Matz yesterday told an internet audience that pending Congressional action to reform the financial institution regulatory landscape will be “very good for credit unions and credit union members.”

Results of the 03/18/2010 NCUA Board Meeting are available -

Media Release - Orders of Prohibition - Alexandria, Va., March 18, 2010 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Draft Items for the 03/18/2010 NCUA Board Meeting are available -

Media Advisory - Christopher Colford Joins NCUA - March 17, 2010, Alexandria, Va. - Chairman Debbie Matz this week welcomed Christopher Colford to the National Credit Union Administration (NCUA) to serve as her Senior Advisor for Communications, primarily responsible for the Chairman’s communications strategies and programs.

Joint Release - Federal Banking Agencies Issue Policy Statement on Funding and Liquidity Risk Management - The federal banking agencies, in conjunction with the Conference of State Bank Supervisors (CSBS), released a policy statement today on their expectations for sound funding and liquidity risk management practices. This policy statement, adopted by each of the agencies, summarizes the principles of sound liquidity risk management issued previously and, when appropriate,supplements them with the “Principles for Sound Liquidity Risk Management and Supervision” issued in September 2008 by the Basel Committee on Banking Supervision.

Media Advisory - NCUA Charters First Federal Credit Union of 2010 - March 16, 2010, Alexandria, VA – The National Credit Union Administration (NCUA) Board today approved a charter for Inspire Community Development Federal Credit Union, a low income designated community development credit union located in Battle Creek, Michigan. The first new federal credit union chartered in 2010, Inspire Community Development FCU will offer service to the approximately 50,000 people who live, work, worship, volunteer, attend school and transact business in the city of Battle Creek.

The March NCUA Report Newsletter is Available Online -

Credit Unions Must Comply With New Overdraft Rules for Debit and ATM Cards Issued by the Federal Reserve -

Agenda for the 03/18/2010 NCUA Board Meeting is available -

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Results of the 02/18/2010 NCUA Board Meeting are available -

Draft Items for the 02/18/2010 NCUA Board Meeting are available -

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.

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.

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.

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).

Agenda for the 02/18/2010 NCUA Board Meeting is available -

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).

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.

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.

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.

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.

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.

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.

Results of the 01/29/2010 NCUA Board Meeting are available -

Draft Items for the 01/29/2010 NCUA Board Meeting are available -

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.

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.

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.

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.

Agenda for the 01/29/2010 NCUA Board Meeting is available -

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.

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.

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).

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.

Joint Agency Press Release - Financial Regulators Issue Interest Rate Risk Advisory -

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."

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.

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.

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.

Media Advisory - NCUA Intervenes in WesCorp Lawsuit - December 30, 2009, Alexandria, Va. - The National Credit Union Administration, as Conservator of Western Corporate Federal Credit Union (“WesCorp”), today filed papers in Superior Court in Los Angeles to intervene as plaintiff in a lawsuit against several current and former employees and officials of WesCorp. NCUA maintains that it is the proper plaintiff and should be permitted to replace the current plaintiffs and determine whether and how to proceed with any action against WesCorp’s former Board members and employees.

Results of the 12/17/2009 NCUA Board Meeting are available -

Media Advisory – NCUA Proposes Streamlined Community Charter Rule - December 17, 2009, Alexandria, Va. - The National Credit Union Administration Board today approved a proposed rule to revise and the Agency’s community chartering policies and clearly define what constitutes a community charter.

Draft Items for the 12/17/2009 NCUA Board Meeting are available -

Media Release - NCUA Amends 2010 Board Meeting Schedule - December 14, 2009, Alexandria, Va. - The 2010 National Credit Union Administration (NCUA) Board meeting schedule has been revised. The July 2010 meeting has been rescheduled to 10 a.m., Thursday, July 29.

Media Advisory - Congressional Spending Bill Responds to NCUA Priorities - December 14, 2009, Alexandria, Va. - Congress removed the borrowing cap on Central Liquidity Facility (CLF) borrowing for another fiscal year and increased the appropriation for the Community Development Revolving Loan Fund (CDRLF) as part of H.R. 3288, a broad 2010 spending package approved Sunday.

Media Advisory - Fryzel Meets with Illinois Credit Unions - December 14, 2009, Alexandria Va. – NCUA Board Member, Michael E. Fryzel recently met with Illinois based credit unions in Springfield, IL.

Media Advisory – NCUA Charters East River Development Alliance FCU in New York City - December 10, 2009, Alexandria VA. – The National Credit Union Administration (NCUA) Board today approved the charter for a new low-income credit union in New York City.

Agenda for the 12/17/2009 NCUA Board Meeting is available -

Media Release – Matz Calls on Volunteers to Help Protect Safety & Soundness - December 9, 2009, Alexandria, Va. – Speaking to 500 attendees at the CUES Directors Conference in Palm Desert, Calif., National Credit Union Administration Chairman Debbie Matz encouraged volunteers to actively work with management to ensure the “short-term perseverance and long-term success of our nation’s credit unions.”

Media Advisory – Matz Calls for Consumer-Focused Capital Reform - December 07, 2009, Alexandria VA. – National Credit Union Administration Chairman Debbie Matz today called for changes in the credit union capital regime that would enable credit unions to promote consumer savings while maintaining rigorous safety and soundness standards.

Media Advisory – Navy Federal Credit Union Welcomes Board Member Fryzel - December 07, 2009, Alexandria VA. – NCUA Board Member, Michael E. Fryzel recently visited Navy Federal Credit Union CEO Cutler Dawson and executive credit union staff at the credit union’s headquarters in Vienna, Virginia.

Media Advisory – Fryzel Visits Andrews Federal Credit Union - December 4, 2009, Alexandria, Va. – NCUA Board Member, Michael E. Fryzel recently met with Andrews Federal Credit Union President & CEO Chris McDonald, credit union staff, and Defense Credit Union Council President/CEO, Arty Arteaga at the credit union’s headquarters in Suitland, Maryland.

Media Release – Fairfield County Ohio Federal Employees Federal Credit Union Closes - November 30, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today placed Fairfield County Ohio Federal Employees Federal Credit Union of Lancaster, Ohio, into liquidation.

Media Advisory – Matz Sets New Round of Town Hall Sessions - November 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today announced details of the next round of NCUA Town Hall meetings. The sessions, similar to those held this fall, as part of an Agency effort to receive stakeholder input about the corporate rulemaking process and other important issues, will be held in Dallas, Texas, Monday, January 22nd and Orlando, Florida, Thursday, February 4th. These sessions will begin at 9:00 a.m. and end at noon. A webinar will follow in February.

Media Advisory – Fryzel Visits First Trust Credit Union - November 25, 2009, Alexandria, Va. - NCUA Board Member, Michael E. Fryzel recently visited First Trust Credit Union in Valparaiso, Indiana. While there, he had the opportunity to meet with the credit union’s CEO Ronald Budzinski and Board Chairman Arnold Bass along with credit union staff and Indiana Credit Union League President, John McKenzie.

Letter to Credit Unions 09-CU-23 - Reviewing Adequacy of Earnings -

Media Advisory – Credit Union Net Worth Remains Strong, Market Challenges Continue, Third Quarter Numbers Show - November 25, 2009, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Debbie Matz urged the Department of Treasury to support increasing or eliminating the statutory cap on credit union member business lending, and allow NCUA to establish the regulatory parameters.

Media Advisory – Matz Calls for Lifting of Statutory Member Business Lending Cap - Alexandria, Va. November 24, 2009 - National Credit Union Administration (NCUA) Chairman Debbie Matz urged the Department of Treasury to support increasing or eliminating the statutory cap on credit union member business lending, and allow NCUA to establish the regulatory parameters.

Media Release – Temporary Corporate Credit Union Share Guarantee Program Extended - The National Credit Union Administration has extended the expiration date of NCUA’s Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) from December 31, 2011, to March 31, 2012. With this extension, new investments with maturities of two years or less in participating corporate credit unions made before March 31, 2010, will be fully covered by the guarantee program.

Media Release – Buckham Named Head of New NCUA Consumer Office - November 20, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Board yesterday named Kent Buckham as Director of the newly-created Office of Consumer Protection. In that role Buckham will lead the 30-person department, which beginning in January 2010 will serve as a focal point for NCUA’s efforts to enhance consumer protection, education and access to credit union service.

Results of the 11/19/2009 NCUA Board Meeting are available -

Media Advisory – NCUA Board Approves 2010 Budget to Strengthen Supervision - The NCUA Board today unanimously approved a 2010 budget designed to strengthen supervision as troubled credit unions are projected to continue growing both in number and size.

Media Advisory – NCUA Board Proposes Landmark Corporate Reforms - The National Credit Union Administration (NCUA) Board today unanimously issued a proposed rule to reform the corporate credit union system by establishing a comprehensive new framework for safety and soundness. The proposed reforms are intended to enhance NCUA regulatory oversight and address deficiencies in the current rule.

Draft Items for the 11/19/2009 NCUA Board Meeting are available -

Media Release – NCUA Issues Prohibition Orders - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Media Release – Angela Sanders Named Assistant to Chairman Matz - November 17, 2009, Alexandria, Va. – Angela M. Sanders has joined the National Credit Union Administration as staff assistant to Chairman Debbie Matz.

Joint Agency Release – Federal Regulators Issue Final Model Privacy Notice Form - November, 17, 2009 – Federal Regulators Issue Final Model Privacy Notice Form Eight federal regulatory agencies today released a final model privacy notice form that will make it easier for consumers to understand how financial institutions collect and share information about consumers.

Media Advisory – Statement from NCUA Chairman Matz on Progress since November 5 Meeting on Corporate Credit Union Capital Depletion - November 16, 2009, Alexandria, Va. – “Earlier this month I convened a meeting in NCUA’s Central Office where NCUA staff and corporate credit union representatives had a substantive face-to-face discussion on the issue of capital depletion. Every day since that November 5th meeting, we have been continuing the dialogue both internally and externally to carefully weigh the issues and considerations raised by stakeholders.”

Media Advisory – Agenda Released for Member Business Lending Webinar - November 13, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled “Member Business Lending: Regulators’ Perspective.” The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar is free and open to the public.

Media Release – Ensign Federal Credit Union Members Now Served by EDS Credit Union - November 13, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today closed Ensign Federal Credit Union of Henderson, Nevada, and authorized the purchase and assumption (P&A) of member share accounts by EDS Credit Union of Plano, Texas.

Media Release – Matz: NCUA Strengthening Supervision in Key Risk Areas - November 13, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today told over 150 members of the American Association of Credit Union Leagues (AACUL) today that NCUA is strengthening supervision to help credit unions manage areas of heightened risk.

Media Advisory – Fryzel Meets with Central Credit Union of Illinois - NCUA Board Member, Michael E. Fryzel recently met with CEO Joan Jensen, various board members, and staff members of Central Credit Union of Illinois at the credit union’s headquarters in Bellwood, Illinois.

November 12, 2009 – Agenda for the 11/19/2009 NCUA Board Meeting is available -

Media Advisory – Fryzel Participates in Credit Union Executive Society Panel - November 9, 2009, Alexandria, Va. – NCUA Board Member, Michael E. Fryzel recently participated in an industry leader’s panel discussing regulatory economic trends and how they will affect credit unions. The panel was part of the Credit Union Executive Society (CUES) CEO/Executive Team National Conference held in Orlando, Florida.

Media Advisory – Matz Statement Following Corporate Meeting - November 5, 2009, Alexandria, Va. – Following today’s meeting at the National Credit Union Administration between Chairman Debbie Matz, senior NCUA staff and 40 representatives from corporate credit unions, natural person credit unions and industry trade associations, Chairman Matz issued the following statement:

Media Advisory – NCUA Opens Community Development Revolving Loan Fund - November 4, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled “Member Business Lending: Regulators’ Perspective.” The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar is free and open to the public.

Media Release – Corporate Credit Union Update - November 2, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp).

Media Advisory – Registration Open for Member Business Lending Webinar - November 2, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled “Member Business Lending: Regulators’ Perspective.” The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar is free and open to the public.

Joint Agency Release – Financial Regulators Adopt Guidance on Prudent Commercial Real Estate Loan Workouts - October 30, 2009 – The Federal Financial Institutions Examination Council (FFIEC) released a policy statement today supporting prudent commercial real estate (CRE) loan workouts.

Media Release – Second Baptist Church Credit Union Members Now Served by Prosperity Federal Credit Union - October 29, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) was appointed liquidating agent of the Second Baptist Church Credit Union (Second Baptist Church) of Los Angeles by the California Department of Financial Institutions (DFI) on October 28, 2009.

Media Advisory – Fryzel Visits Lake Michigan Credit Union - October 28, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member, Michael E. Fryzel recently visited the corporate offices of Lake Michigan Credit Union in Grand Rapids, Michigan

Media Advisory – Fryzel Meets with Department of Defense - NCUA Board Member Michael E. Fryzel recently met with Deputy Chief Financial Officer for the Department of Defense (DOD), Mark E. Easton, and President and CEO of the Defense Credit Union Council (DCUC), Arty Arteaga, at the Pentagon in Washington, D.C.

Media Advisory – Hyland to Host Member Business Lending Webinar - October 27, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled “Member Business Lending: Regulators’ Perspective.” The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar will be free and open to the public.

Letter to Credit Unions 09-CU-21 – Official NCUA Sign -

Letter to Credit Unions 09-CU-20 – Premium Assessments -

Media Advisory – Fryzel Addresses Alliance of Credit Unions - October 26, 2009, Chandler, AZ. – NCUA Board Member Michael E. Fryzel, addressed the attendees of the 2009 Annual Meeting and Educational Conference of the Alliance of Credit Unions held on October 15, 2009 in Chandler, AZ.

Media Release – First Delta Federal Credit Union Placed Into Conservatorship - Alexandria, VA, October 23, 2009 - The National Credit Union Administration (NCUA) today assumed control of operations at First Delta Federal Credit Union of Marks, Mississippi.

Results of the 10/22/2009 NCUA Board Meeting are available -

Media Advisory – Over 900 Participate in Web Town Hall - October 22, 2009 Alexandria, Va. – NCUA today concluded over a month of two-way interactive dialogue with the credit union community by hosting more than 900 participants at a “virtual” Town Hall webinar.

October 22, 2009 – Draft Items for the 10/22/2009 NCUA Board Meeting are available -

Media Advisory – Fryzel Speaks to Arizona Credit Union League Chapter - October 20, 2009, Phoenix, AZ. – NCUA Board Member Michael E. Fryzel spoke at the Valley of the Sun Chapter of the Arizona Credit Union League’s dinner celebrating International Credit Union Day in Phoenix, AZ.

Media Advisory – Credit Unions are Eligible for New Financial Education Grants - October 19, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Debbie Matz today welcomed the launch of the new Financial Education and Counseling (FEC) Pilot Program, the newest offering of the U.S.

Media Release – Matz Sets Corporate Meeting; Capital, Rulemaking on Agenda - October 16, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today scheduled a specially focused meeting on November 5 at 2 p.m. to discuss the status of corporate credit unions’ capital accounts and other issues related to corporate credit unions.

Media Advisory – Virtual Town Hall Set for October 22 - October 15, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz will host a Town Hall Webinar Thursday, October 22 at 3 p.m. The session is free and open to all interested parties.

October 15, 2009 – Agenda for the 10/22/2009 NCUA Board Meeting is available -

Media Advisory – Matz Tells Senators of NCUA’s Efforts to Protect Credit Union Members, Mitigate Risks - October 14, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today told the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions that stress in the financial sector has translated into challenging times, but she is confident that the credit union industry will weather the storm.

Media Release – Steve Bosack Joins Chairman Matz as Chief of Staff - October 13, 2009 Alexandria, Va. – Steve Bosack returns today to a second stint at NCUA, now serving as chief of staff to Chairman Debbie Matz. Bosack previously served as senior policy advisor to Matz during her first term on the NCUA Board.

Media Advisory – Morton Details Strong Oversight to Minnesota Lawmakers - October 8, 2009, Alexandria, Va. – NCUA Region IV Director Keith Morton told a Minnesota state Senate panel that the state’s federal and state-chartered credit unions are “strongly regulated, remain healthy, and continue to meet consumer financial needs” despite the stresses in the financial marketplace. Morton’s remarks came at a Minnesota Senate Commerce Committee hearing on the state of the financial services industry in St. Paul October 6.

Media Advisory – Fryzel, Mayor Bloomberg Lead New York Parade - October 8, 2009, New York, NY. – Calling it a major highlight of his career, NCUA Board Member Michael E. Fryzel marched down 5th avenue in New York City with Mayor Michael Bloomberg to lead the 72nd Annual Casmir Pulaski Day Parade last weekend.

Media Release – 2010 NCUA Board Meeting Schedule Issued - October 7, 2009, Alexandria, Va. – The National Credit Union Administration is issuing the 2010 monthly Board meeting schedule. The NCUA Board generally meets during the third or fourth week of each month, except August, when no meeting is scheduled.

Media Advisory – San Diego Town Hall Yields Important Discussions - October 5, 2009, Alexandria, Va. – Over 130 attendees gathered in San Diego, Calif., today to voice concerns and share thoughts and ideas about impending revisions to the corporate credit union regulation at Chairman Debbie Matz’s third Town Hall meeting, designed to garner input from industry stakeholders.

Media Advisory – Credit Unions Garner CDFI Funds - October 5, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today applauded credit union participation in the Community Development Financial Institutions Fund (CDFI Fund)’s supplemental funding round. Eleven credit unions have received grant awards totaling $18 million under the CDFI Fund’s 2009 programs. In noting the awards, Chairman Matz encouraged broader credit union involvement in the currently open 2010 CDFI financial assistance program.

Media Advisory – Fryzel Meets with United Nations Federal Credit Union - October 5, 2009, Alexandria, D.C. – NCUA Board Member Michael E. Fryzel recently welcomed United Nations Federal Credit Union President Michael J. Connery and Board Chairman Alan Potter to NCUA headquarters in Alexandria, Virginia.

Media Advisory – Fryzel Honored at New York Event - October 2, 2009, Alexandria, D.C. – NCUA Board Member Michael E. Fryzel was recently named Honorary Grand Marshall of the Pulaski Day Parade at the 72nd annual banquet held in honor of Polish General, Casmir Pulaski. The parade is set to take place on Sunday October 4, 2009.

Media Advisory – Fryzel Visits Great Lakes Credit Union - October 1, 2009, Alexandria, D.C. – National Credit Union Administration Board Member Michael E. Fryzel recently visited Great Lakes Credit Union in North Chicago, Illinois.

Media Release – West Texas Credit Union Closes; Members Now Served by Security Service Federal Credit Union - October 1, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) announces today that Security Service Federal Credit Union, of San Antonio, Texas, has purchased the assets and assumed the member shares of liquidated West Texas Credit Union of El Paso, Texas.

Media Release – The Members’ Own Federal Credit Union Members Now Served by Alaska USA Federal Credit Union - September 30, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today liquidated The Members’ Own Federal Credit Union of Victorville, California, and accepted Alaska USA Federal Credit Union’s offer to purchase and assume the credit union.

Media Advisory – DC Area Town Hall Sparks Increased Credit Union Dialogue - September 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman Debbie Matz today heard a wide variety of opinions and suggestions about new corporate credit union rules and other NCUA-related issues from over 160 participants at her second Town Hall Meeting.

Joint Agency Press Release – Federal Financial Institution Regulators Announce Availability of 2008 Data on Mortgage Lending - The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 8,388 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).

Media Advisory – Illinois Delegation Attends NCUA Board Meeting - September 29, 2009, Alexandria, Va. – A delegation of Illinois credit union officials traveled to Washington to attend the September 24, 2009 meeting of the NCUA Board as well as meet with their elected officials.

Media Advisory – Fryzel Welcomes Minnesota Credit Union Network to NCUA - September 28, 2009, Alexandria, D.C. –National Credit Union Administration Board Member Michael E. Fryzel, encouraged continued dialogue with NCUA as he welcomed representatives from the Minnesota Credit Union Network to NCUA headquarters in Alexandria.

Letter to Credit Unions 09-CU-19 – Evaluating Residential Real Estate Mortgage Loan Modification Programs -

Letter to Credit Unions 09-CU-18 – Credit Union Financial Trends for the First Half of 2009 -

Media Release – Clearstar Financial Credit Union Members Now Served by United Federal Credit Union - September 25, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today accepted appointment as liquidating agent of Clearstar Financial Credit Union, in Reno Nevada, following the Nevada Division of Financial Institution’s decision to close the credit union effective September 25, 2009.

Media Release – Nance Departs US Central; Francois Henriquez Named Interim CEO - September 25, 2009, Alexandria, D.C. – NCUA today announced that the US Central Conservatorship Advisory Board voted to replace US Central Federal Credit Union Chief Executive Officer James Nance.

Media Release – Matz Encourages CDFI Fund Applications - September 25, 2009, Alexandria, Va. – Noting the announcement of the Fiscal Year 2010 Community Development Financial Institution (CDFI) Program funding round, National Credit Union Administration (NCUA) Chairman Debbie Matz today encouraged broader credit union participation in the program as a way to expand service to low-income consumers. The application period commenced yesterday and closes November 18, 2009.

Results of the 09/24/2009 NCUA Board Meeting are available -

Media Release – Keys Federal Credit Union Placed Into Conservatorship - Alexandria, VA, September 24, 2009- The National Credit Union Administration (NCUA) today assumed control of service and operations at Keys Federal Credit Union of Key West, Florida. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.

Media Release – Hunt Named Director of Corporate Office - September 24, 2009, Alexandria, D.C. – The Board of the National Credit Union Administration (NCUA) today named Scott Hunt Director of the Office of Corporate Credit Unions. Hunt had been Acting Special Assistant to the Acting Director of the corporate office since June, and prior to that Acting Director of the same office.

Draft Items for the 09/24/2009 NCUA Board Meeting are available -

Media Advisory – Fryzel Meets with Affinity Credit Union - September 23, 2009, Alexandria, D.C. –National Credit Union Administration Board Member Michael E. Fryzel, met yesterday with representatives from Affinity Federal Credit Union at NCUA headquarters in Alexandria.

Media Release – NCUA Issues Prohibition Orders - Alexandria, Va., September 22, 2009 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Media Release – Comunidades FCU Closes, Majority of Members Now Served by Water and Power Community CU - September 22, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) today closed Comunidades Federal Credit Union of Los Angeles, California, and authorized the assumption of a majority of accounts by Water and Power Community Credit Union of Los Angeles, California.

Media Advisory – NCUA Amends Board Meeting - September 22, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) Board has added an agenda item, “Revisions to Temporary Corporate Credit Union Liquidity Guarantee Program,” to the previously announced open meeting scheduled for Thursday, September 24, 2009, at 10 a.m. An additional “Supervisory Activity” item was also added to the closed agenda.

Media Advisory – Board Member Hyland Urges NAFCU Members to Comment on Upcoming Proposed Corporate Regulation - September 22, 2009, Alexandria, Va., – Board Member Gigi Hyland spoke today before the NAFCU Congressional Caucus in Washington, D.C., and strongly urged attendees to comment on the upcoming proposed corporate regulation, which she anticipates being issued before the end of the year.

Media Advisory – Fryzel Calls for Credit Unions to Retool, Reenergize, and Rededicate at NAFCU’s Congressional Caucus - September 22, 2009, Washington, D.C. – National Credit Union Administration Board Member Michael E. Fryzel called on credit unions to retool, reenergize, and rededicate themselves to their core mission, in anticipation of an improved economy, during his address at NAFCU’s Congressional Caucus in Washington, D.C.

Media Advisory – Matz Sounds Themes of Urgency and Involvement at NAFCU Caucus - September 21, 2009, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Debbie Matz today noted the credit union industry's resilience and commitment to cooperative principles in the midst of economically difficult times in her address to the National Association of Federal Credit Unions (NAFCU) Congressional Caucus in Washington, DC.

Media Advisory – Hyland Congratulates CUNA at 75th Anniversary Commemorative Ceremony - Alexandria, VA, September 21, 2009 – NCUA Board Member Gigi Hyland joined credit union leaders from around the country on September 16 to participate in celebrating the 75th Anniversary of CUNA on the YMCA camp grounds in Estes Park, Colo., the original site of CUNA's founding 75 years ago.

September 17, 2009 – Agenda for the 09/24/2009 NCUA Board Meeting is available -

Media Advisory – Matz Hears Variety of Suggestions, Concerns at First Town Hall - September 16, 2009, Alexandria, Va. - National Credit Union Administration Chairman Debbie Matz yesterday led her first Town Hall Meeting as critical issues sparked extensive discussions regarding the future of the corporate network, upcoming Agency rulemaking, and credit union compliance with the recently-enacted Credit CARD Act.

Media Advisory – Chairman Matz Statement on Corporate Capital - September 14, 2009, Alexandria, Va. – NCUA Chairman Deborah Matz issued the following statement today:

Media Release – NCUA Statement on U.S. Central Audit Release - September 11, 2009, Alexandria, Va. - The National Credit Union Administration today welcomed the release of U.S. Central Federal Credit Union’s (USC) 2008 Audited Financial Statements as an important step forward that provides essential information about the condition of the institution and its ongoing conservatorship by NCUA.

Media Advisory – Hyland Addresses Questions on Proposed Changes to Corporate Rule - Alexandria, VA, September 10, 2009 – Speaking at First Carolina Corporate Credit Union’s Financial Conference in Charlotte, North Carolina, Board Member Gigi Hyland indicated her belief that proposed revisions to NCUA’s corporate regulation, Part 704, would be issued by year-end.

Media Advisory – Fryzel Welcomes FirstCorp Credit Union to NCUA Headquarters - September 10, 2009, Alexandria, Va. - National Credit Union Administration Board Member Michael E. Fryzel welcomed representatives from FirstCorp Credit Union to NCUA headquarters yesterday.

Media Advisory – Agenda for Chairman Matz Town Hall Meeting in Clayton, Missouri, September 15, 2009 - NCUA Town Hall Meeting Agenda Hosted by Chairman Debbie Matz September 15, 2009 - Clayton, Missouri

Media Release – Kaiser Lakeside Credit Union Placed into Liquidation; SafeAmerica Credit Union Purchases and Assumes Assets - The National Credit Union Administration (NCUA) today was appointed liquidating agent of Kaiser Lakeside Credit Union (Kaiser Lakeside) of Oakland, California by the California Department of Financial Institutions (DFI).

Media Release – Fraud Alert - Update - The National Credit Union Administration has obtained additional information about the situation initially described in NCUA's August 25, 2009 Fraud Alert.

Media Release – NCUA Chairman Matz Addresses Credit Union Concerns on Credit CARD Act Compliance - In response to credit union concerns about compliance with new requirements under the Credit Card, Accountability, Responsibility, and Disclosure Act of 2009 (Credit CARD Act), NCUA Chairman Debbie Matz underscored the NCUA’s commitment to consumer protection and ensuring credit union compliance, while recognizing some credit unions may have technical difficulties and the need for examiners to work with credit unions on a case-by-case basis.

Media Release – Matz Announces Town Hall Meeting Schedule - August 28, 2009, Alexandria, Va. – NCUA Chairman Deborah Matz today announced three NCUA Town Hall Meetings to discuss corporate credit unions and other credit union issues.

Media Release – Free Choice Federal Credit Union Liquidated; Members Now Served by Trumark Financial Credit Union - Alexandria, Va, August 28, 2009 – The National Credit Union Administration (NCUA) today liquidated Free Choice Federal Credit Union (Free Choice) in Feasterville, Pennsylvania.

Media Advisory – Hyland Underscores Importance of Communication and Collaboration at Interagency Community Affairs Conference - Alexandria, Va, August 28, 2009 – Board Member Gigi Hyland spoke yesterday before a group of 150 federal agency community affairs professionals. The 2009 Interagency Community Affairs Conference was sponsored by the federal financial regulators including NCUA, FDIC, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Reserve.

Media Release – Fraud Alert - August 25, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) is alerting all federally insured credit unions about a fraudulent Letter to Credit Unions

Media Release – Mid-Year Sees Credit Union Member, Assets and Savings Growth - Alexandria, Va., August 25, 2009 – Membership and member share accounts grew across the board during the first six months of 2009 as people continued to seek the financial security and services of credit unions according to call report data submitted by the nation’s 7,691 federally insured credit unions.

Media Advisory – Deborah M. Matz Sworn-in as NCUA Chairman - August 24, 2009, Alexandria, Va. – Deborah Matz today became Chairman of the National Credit Union Administration. Matz was nominated by President Obama in May and was sworn in by NCUA General Counsel Robert Fenner during a private ceremony at the Agency’s offices in Alexandria, VA. Matz was joined by her husband, Marshall, and Agency staff.

Media Advisory – Hyland Urges Continued Collaboration Between State and Federal Regulators; Discusses Key Issues - Alexandria, VA, August 20, 2009 – Speaking to participants at the National Association of State Credit Union Supervisors (NASCUS) State System Summit, Board Member Hyland noted, “Over the past four years, NCUA and state supervisors have built a strong, collaborative working relationship. The dialogue and communication must continue as we work through these difficult economic circumstances.”

Media Advisory – Fryzel Encourages Continued Leadership among Defense Credit Unions - National Credit Union Administration Chairman Michael E. Fryzel encouraged continued leadership by defense credit unions yesterday

Media Advisory – NCUA Regulatory Alert Addresses Impending Disclosure Deadline - August 19, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) yesterday issued Regulatory Alert 09-RA-07 to all federally insured credit unions concerning Regulation Z amendments implementing provisions of the Credit Card Accountability Act designed to establish fair and transparent practices for open-end consumer credit plans, including credit cards.

Media Release - Matz to Assume NCUA Chairmanship August 24 - August 18, 2009, Alexandria, Va. – Deborah Matz will take the oath of office and become the eighth chairman of the National Credit Union Administration Monday, August 24, 2009, at 2 p.m.

Media Release - Community One FCU Closes, Members Now Served by America First FCU - August 12, 2009, Alexandria, VA, - The National Credit Union Administration (NCUA) yesterday closed Community One Federal Credit Union of Las Vegas, Nevada, and authorized the purchase and assumption (P&A) of its assets and shares by America First Federal Credit Union of Riverdale, Utah.

Media Release – NCUA Issues Prohibition Orders - Alexandria, VA, August 11, 2009 - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Media Advisory – Board Member Hyland Sees Opportunity Through Diversity - August 11, 2009, Alexandria, VA Board Member Gigi Hyland spoke on August 7th at the African-American Credit Union Coalition’s 11th Annual Conference and urged attendees to embrace the diversity of their memberships and strive for greater collaboration.

Media Advisory – Fryzel Calls for Unity, Commitment at African American Credit Union Coalition - August 10, 2009, Alexandria VA – National Credit Union Administration Chairman Michael E. Fryzel praised African American Credit Unions Friday during his address at the African American Credit Union Coalition’s (AACUC) 11th Annual Conference in Las Vegas, NV.

Media Release - Corporate Credit Union Update - August 7, 2009, Alexandria, VA – Normal operations continue without interruption at U.S. Central Federal Credit Union (U. S. Central) and Western Corporate Federal Credit Union (WesCorp). Both WesCorp and U.S. Central have been effective in managing the seasonal liquidity pressures that occur during this time of the year.

Media Advisory – Statement of Deborah Matz on Senate Confirmation to the NCUA Board - August 7, 2009 – I am honored and grateful for President Obama's nomination, and the Senate’s confirmation, to serve as Chairman of the Board of the National Credit Union Administration.

Media Advisory - Matz Confirmed by Senate - Alexandria, Va., August 6, 2009 – NCUA Board nominee Deborah Matz was confirmed today by the U.S. Senate to a seat on the NCUA three-member Board. As the NCUA chairman designee, Debbie Matz she will be replacing Republican Michael E. Fryzel as chairman. His NCUA Board term expires August 2, 2013.

Media Release - NCUA to Host CLF Policy and Stock Ownership Webinar - Alexandria, Va., August 6, 2009 - The National Credit Union Administration (NCUA) will hold a webinar Monday, August 10, 2009, to provide background information about the Central Liquidity Facility’s (CLF) recent change to its investment policy and pending transfer of CLF stock ownership from U.S. Central FCU to other credit unions.

Joint Release – FFIEC Support for Responsible Loss Mitigation Activities - The Federal Financial Institutions Examination Council (FFIEC) members today issued the following statement on Support for Responsible Loss Mitigation Activities. The statement reiterates the FFIEC members’ continued support for responsible loss mitigation activities designed to preserve homeownership. This support extends to programs designed to achieve sustainable mortgage obligations regardless of lien position.

Media Advisory – Fryzel: Small Credit Unions Play Large Role - Alexandria, Va., August 5, 2009 - National Credit Union Administration Chairman Michael E. Fryzel highlighted the importance of small credit unions to the rest of the credit union industry during his address yesterday at the Illinois Credit Union Leagues Small Asset Size Conference, in Naperville IL.

Media Release – NCUA Issues Prohibition Orders - July 31, 2009, 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.

Media Advisory – NCUA Announces Central Liquidity Facility Investment Policy Changes - July 31, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) today announces that, effective August 3, 2009, the Central Liquidity Facility (CLF) will transfer its funds from U.S. Central FCU (USC) to the U.S. Treasury and invest them in a laddered portfolio of U.S. Treasury securities.

Media Advisory – Fryzel Comments on Kanjorski-Royce Member Business Lending Legislation - July 30, 2009, Alexandria, Va. - National Credit Union Administration Chairman Michael E. Fryzel issued the following statement regarding the newly-introduced Kanjorski-Royce credit union member business lending bill.

Media Advisory – Vice Chairman Hood Honored with NCUA Gold Medal - Alexandria, Va., July 29, 2009 - NCUA Vice Chairman Rodney E. Hood was presented with an NCUA Gold Medal today at agency headquarters in Alexandria during a farewell reception held in his honor. Chairman Michael E. Fryzel presented Vice Chairman Hood with the medal, congratulating him on the excellent job done during his tenure.

Media Release – Former Board Member Elizabeth Flores Burkhart Passes Away - July 23, 2009, Alexandria, Va. – Former National Credit Union Administration (NCUA) Vice Chairman Elizabeth Flores Burkhart, 74, died today in Hawaii.

Media Advisory – Board Member Hyland Urges Collaboration at NAFCU’s Annual Conference - July 23, 2009, Alexandria, Va. - Board Member Gigi Hyland spoke today at NAFCU’s 42nd Annual Conference and urged attendees to return to their cooperative roots through greater collaboration.

Media Advisory – Fryzel to NAFCU: Continued Involvement in Corporate Rulemaking Essential - July 23, 2009, Alexandria, Va. - National Credit Union Administration Chairman Michael E. Fryzel urged continued involvement in the corporate rulemaking process during his address to the National Association Federal Credit Union’s 42nd Annual Conference and Exhibition yesterday at National Harbor, Maryland.

Media Release – New Hope Community Development Federal Credit Union Placed in Conservatorship - July 22, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) today assumed control of the operations of New Hope Community Development Federal Credit Union, a federally chartered and federally insured credit union headquartered in Birmingham, Alabama.

Joint Release - Agencies Release Revisions to Interagency Questions and Answers and Proposed New Questions Regarding Flood Insurance -

Results of the 07/16/2009 NCUA Board Meeting are available - July, 17 2009

Media Advisory – Fryzel Emphasizes Need for Continued Member Commitment - July 16, 2009, Alexandria, Va. - National Credit Union Administration Chairman Michael E. Fryzel emphasized the need for continued member commitment among credit unions during his address to the Michigan Credit Union League at their Annual Convention and Exposition last week in Traverse City, MI.

Draft Items for the 07/16/2009 NCUA Board Meeting are available -

Media Advisory – Chairman Fryzel Visits TECH Credit Union - July 14, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel last week toured TECH Credit Union in Crown Point, Indiana.

Media Release – NCUA Amends Open Board Meeting Agenda - July 14, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) Board has added an agenda item, “Revisions to Temporary Corporate Credit Union Liquidity Guarantee Program,” to the open meeting scheduled for Thursday, July 16, 2009, at 10 a.m.

Media Advisory – NCUA to Release External Portfolio Valuations for U.S. Central and WesCorp - Alexandria, Va., July 13, 2009 - The National Credit Union Administration (NCUA) today made public additional information pertaining to external corporate portfolio analysis

Agenda for the 07/16/2009 NCUA Board Meeting is available - July, 9 2009,

Fryzel Commends California Credit Unions During Crisis - July 7, 2009, Alexandria, Va. - "Reports out of California indicate relatively widespread credit union acceptance of state Registered Warrants,” Chairman Michael E. Fryzel said.

Media Advisory – Weekly Corporate Credit Union Update - July 7, 2009, Alexandria, Va. – Under the delegated authority approved by the NCUA Board to implement the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) staff has begun utilizing the TCCUSF to cover expenses associated with NCUA’s corporate credit union stabilization efforts.

Media Release – Watts United Credit Union Closes - July 6, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) accepted appointment as the liquidating agent of Watts United Credit Union of Los Angeles, California

FFIEC Release – FFIEC Issues Statement on Regulatory Conversions -

Media Release – NCUA Working with Other Regulators on Credit CARD Act and UDAP Rule - July 1, 2009, Alexandria, Va. - While an interagency rule on unfair and deceptive acts and practices in connection with credit cards

Joint Release – Agencies Publish Final Rules and Guidelines to Promote Accurate Reports About Consumers -

Media Advisory – Nine Credit Unions Awarded $17 Million - June 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel applauds the nine credit unions awarded $17,150,000

Fryzel Proposes Consumer Protection Office - June 30, 2009, Alexandria, Va. - National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today announced that he will propose the creation of an NCUA Consumer Protection Office in the 2010 Agency Budget.

Joint Release – Agencies Seek Comment on Proposed Interagency Guidance on Funding and Liquidity Risk Management - June 30, 2009,Washington — The federal bank, thrift, and credit union regulatory agencies are seeking comment on the proposed Interagency Guidance on Funding and Liquidity Risk Management.

Media Advisory – Hood Celebrates National Homeownership Month Addressing Colorado CUREN - June 29, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Colorado Credit Union Real Estate Network (CUREN) in Denver, Colo., June 23, 2009. The event focused on promoting ideas and solutions that reinforce continuing mortgage lending opportunities for credit unions. Hood stressed that credit unions should seize this opportunity to engage in responsible mortgage lending, emphasizing the importance of pre- and post-purchase counseling as well as rent-to-own strategies that provide the financial education necessary to eventually sustain homeownership.

Media Advisory – Chairman Fryzel Commemorates 75th Anniversary of the Federal Credit Union Act - June 26, 2009, Alexandria, VA –– “"Today is the actual 75th anniversary of the signing of the Federal Credit Union Act into law. While the temptation is to commemorate the formal, official, governmental aspects of the day, I prefer to give recognition and thanks to the millions of American consumers who have made the credit union industry a success. Credit unions are a valuable and durable vehicle through which members can save and invest in a cooperative environment.

Media Advisory – House Appropriation Subcommittee Retains Maximum CLF Borrowing Authority - June 25, 2009, Alexandria, VA –– A U.S House of Representatives Appropriation Subcommittee voted today to not place a cap and to maintain the Central Liquidity Facility (CLF) maximum, approximately $40 billion, borrowing authority through fiscal year 2010 to ensure NCUA has a source of funding available to meet liquidity needs.

Media Release – Space Coast Credit Union to Serve Eastern Financial Florida Credit Union Members - June 24, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) is merging Eastern Financial Florida Credit Union (Eastern Financial) of Miramar, Florida, into Space Coast Credit Union (Space Coast), headquartered in Melbourne, Florida.

June 23, 2009 Letter to Credit Unions Addresses the Impact of the Corporate Stabilization Fund on FICUs -

Media Release – Register Now For Tomorrow’s Corporate Stabilization Webinar - June 23, 2009, Alexandria, Va. – The National Credit Union Administration encourages credit unions to participate in tomorrow’s, June 24th webinar designed to provide details of Board actions taken in June that affect corporate stabilization and establishment of the temporary corporate stabilization fund and its impact on credit unions. Nearly 3,000 have already registered for the webinar that will include a corporate credit union update and also address participant questions. Webinar details follow.

Media Advisory – Fryzel Cites NCUA Commitment to Improved Corporate System - June 22, 2009, Alexandria, Va. –NCUA Chairman Michael E. Fryzel cited NCUA’s continued commitment to an improved corporate credit union system last week at the Florida Credit Union League’s Annual Convention in Orlando, FL.

Results of the 06/18/2009 NCUA Board Meeting are available. - June 18, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) today accepted Alaska USA Federal Credit Union’s offer to purchase certain assets and assume the shares and certain liabilities of High Desert Federal Credit Union (High Desert) of Apple Valley, California. Alaska USA Federal Credit Union, headquartered in Anchorage, Alaska, will provide High Desert members with uninterrupted credit union service.

Media Release – High Desert FCU Members Will Be Served by Alaska USA FCU - June 18, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) today accepted Alaska USA Federal Credit Union’s offer to purchase certain assets and assume the shares and certain liabilities of High Desert Federal Credit Union (High Desert) of Apple Valley, California. Alaska USA Federal Credit Union, headquartered in Anchorage, Alaska, will provide High Desert members with uninterrupted credit union service.

Media Advisory – NCUA Chairman Visits Pentagon Federal Credit Union - June 18, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel meet with executive staff of Pentagon Federal Credit Union Wednesday at the credit union’s headquarters in Alexandria Virginia.

Media Release – Corporate Stabilization Webinar Scheduled for June 24 - June 18, 2009, Alexandria, Va. – The National Credit Union Administration will host a webcast Wednesday, June 24, 2009, to provide the credit union community with details of actions taken at the June 18th Board meeting related to corporate stabilization, establishment of a temporary corporate stabilization fund and its impact on credit unions, as well as an corporate credit union update.

Draft Items for the 06/18/2009 NCUA Board Meeting are available -

Media Advisory – Board Member Hyland Speaks at Operation HOPE’s Global Financial Literacy Summit - Alexandria, VA, June 17, 2009 – NCUA Board Member Gigi Hyland participated in a plenary panel session entitled “Financial Literacy and Progressive Public Policy and Regulation” at Operation HOPE’s Global Financial Literacy Summit held at THEARC in Anacostia, Washington, D.C. Also speaking were Valerie Jarrett, Senior Advisor and Assistant to President Obama, U.S. Federal Reserve Board Chairman Ben Bernanke, FDIC Chairman Sheila Bair, several members of the U.S. Senate and House of Representatives, along with other regulatory and industry leaders from around the country and abroad.

Media Advisory – Fryzel Statement on the Administration’s Financial Regulatory Reform White Paper - June 17, 2009, Alexandria, Va. - Chairman Michael E. Fryzel attended the President’s statement at the White House announcing a Financial Regulatory Reform White Paper and issued the following statement:

Media Advisory – Fryzel Urges Activism, Hard Work During Rulemaking - June 16, 2009, Alexandria, Va. - National Credit Union Administration Chairman Michael E. Fryzel encouraged credit unions to take a active role in crafting corporate rule reform during his address to the North Carolina League Annual Meeting yesterday in Pinehurst, N.C.

Media Advisory – Hood Discusses Credit Union Issues in Boston - June 11, 2009, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with both Harvard University Employees Credit Union (HUECU) and Winthrop Federal Credit Union during his recent trip to Boston, Mass.

Media Advisory – Successful 75th Anniversary Symposium Stresses Sustainability - Alexandria, Va., June 10, 2009 – Sustainability, collaboration and change were the resounding themes of the 75th Anniversary Symposium hosted by NCUA Board Member Gigi Hyland.

June 11, 2009 Agenda for the 06/18/2009 NCUA Board Meeting is available -

Joint Agency Release – Agencies Issue Frequently Asked Questions on Identity Theft Rules - June 11, 2009 Six federal agencies issued a set of frequently asked questions (FAQs) today to help financial institutions, creditors, users of consumer reports, and issuers of credit cards and debit cards comply with federal regulations on identity theft and discrepancies in changes of address.

Media Advisory – NCUA Launches Summer Transit Bus Advertisement Campaign - June 10, 2009, Alexandria, Va. – Last week NCUA launched a summer transit bus advertisement campaign. The campaign, which began on June 1 and runs through August 31, advertises NCUA Share Insurance ads on local transit buses in nine major metropolitan areas in three states- Arizona, California, Florida, and the District of Columbia.

Media Advisory – Fryzel Commends Credit Union Sense of Purpose During Crisis - June 9, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel commended New Jersey Credit Union League members for being proactive in serving their members, and enthusiastic and skillful in working with Congressional legislators during his presentation to the league June 4, 2009 in Township, New Jersey. 

Weekly Corporate Credit Union Update – June 5, 2009 - June 5, 2009, Alexandria, Va. – Information related to the PIMCO review of corporate credit unions available under the Freedom of Information Act (FOIA) has been posted under a link titled “Frequently Requested Records” on the FOIA section of NCUA’s website.  

PIMCO Report Is Available Online - Alexandria, VA, June 4, 2009 – The National Credit Union Administration has posted online a redacted version of a report prepared by the Pacific Investment Management Company LLC (PIMCO) on behalf of the NCUA.  

Media Advisory – Vice Chairman Hood’s Statement on Deborah Matz Nomination - June 2, 2009, Alexandria, VA – “I would like to congratulate Debbie Matz on her nomination yesterday to the NCUA Board; I believe she will serve the agency very well and be a strong Chairman representing the best interests of America’s credit unions 

Matz Nomination Sent to Senate - President Barack Obama nominated Deborah Matz to be a member of the NCUA Board yesterday. The President had previously announced an intent to nominate Ms. Matz, and name her Chair, on May 21, and sent the official nomination to the U.S. Senate yesterday, June 1. No timetable has been set for Senate consideration of the nomination.�

LAST CHANCE TO REGISTER FOR THE 75TH ANNIVERSARY SYMPOSIUM - Alexandria, Va., June 1, 2009 –Registration for the 75th Anniversary Symposium will close on Wednesday June 3 at 4:00 PM. A select number of registration spots have been left open for registration by the deadline. 

Joint Agency Release – Federal Agencies Propose Rule to Implement S.A.F.E. Act Mortgage Loan Originator Registration Requirements - June 1, 2009 Federal Agencies Propose Rule to Implement S.A.F.E. Act Mortgage Loan Originator Registration Requirements 

Media Advisory – Fryzel Praises Volunteers, Encourages Involvement - June 1, 2009, Alexandria, Va. –National Credit Union Administration Chairman Michael E. Fryzel praised credit union volunteers and pointed out their key role in the future of the credit union system during a speech to the National Association of Federal Credit Unions’ 28th Annual Volunteers Meeting in Portland, Oregon last Friday. 

NCUA Celebrates 75th Anniversary of the Federal Credit Union, June 9-10, 2009 - The National Credit Union Administration is celebrating the 75th Anniversary of the Federal Credit Union Act in June 2009 with a special event on Capitol Hill, and you are invited. The Honorable Congressman Paul Kanjorski will Keynote and John Hope Bryant, founder and CEO of Operation HOPE, Inc. and vice chairman of the U.S. President's Advisory Council on Financial Literacy will be the luncheon speaker.

Weekly Corporate Credit Union Update – May 29, 2009 - May 29, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central and WesCorp.

Media Advisory – Chairman Fryzel Visits State Farm Federal Credit Union - May 28, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel yesterday toured State Farm Federal Credit Union in Bloomington, Illinois. 

Media Advisory – Membership, Assets and Savings Grow in ’09 as Net Income Continues Decline - Alexandria, Va., May 27, 2009 – Members continue to seek the safe haven of federally insured credit unions, as member share accounts grew across the board by annualized double digits in the first quarter of 2009, while loan growth contracted according to the call report data submitted by the nation’s 7,749 federally insured credit unions. 

Media Release – $250,000 Share Insurance Protection Extended to 2013 - May 26, 2009, Alexandria, Va. – The Helping Families Save Their Homes Act of 2009, signed into law May 20, 2009, includes a provision extending $250,000 share insurance coverage provided by the National Credit Union Share Insurance Fund through December 31, 2013.

Letter to Credit Unions Addressing Paid-in Capital and Membership Capital Accounts in Corporate Credit Unions is Released -

Media Advisory – Weekly Corporate Credit Union Update - May 22, 2009, Alexandria, Va. – Chairman Michael Fryzel stated “On Wednesday May 20, 2009, the President signed NCUA’s Corporate Stabilization Fund into law."

Board Member Hyland’s Statement on Deborah Matz Nomination - May 22, 2009, Alexandria, Va. -“I commend President Obama’s intent to nominate Debbie Matz as NCUA Chairman. I’ve had the honor of working with Debbie when she previously served on the NCUA Board and I look forward to working collaboratively with her as a colleague.”

President Obama Nominates Matz to NCUA Chair - May 22, 2009, Alexandria, Va. - President Barack Obama last night nominated Deborah Matz to the Chair of the National Credit Union Administration.�Ms. Matz had previously served on the NCUA�Board from March 2002 until September 2005.

Media Advisory – Fryzel Announces Extension of Temporary Corporate Credit Union Liquidity Guarantee Program - May 21, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) Board today modified the terms of the Temporary Corporate Credit Union Liquidity Guarantee Program (TCCULGP). TCCULGP provides an NCUSIF guarantee of principal and interest for debt issued under the program

Chairman Fryzel Statement on the Ongoing Resolution of the Corporate Credit Union Situation - May 21, 2009, Alexandria, Va. - “In many ways, yesterday’s events marked the culmination of a very difficult chapter in NCUA’s efforts to resolve the difficulties facing corporate credit unions, and the credit union industry as a whole. The President signed NCUA’s Corporate Stabilization Plan into law, and in doing so provides a responsible and pragmatic mechanism for credit unions to maintain a strong federal insurance fund in a financially manageable manner. The Congressional interest demonstrated at the House Financial Institutions Subcommittee hearing was a further indication of the importance Congress has placed on the NCUA and the industry joining together to find workable solutions, just as past Congressional actions such as the raising of the CLF borrowing authority showed real commitment to proactivity and contingency-oriented policies.

Results of the 05/21/2009 NCUA Board Meeting are available -

Draft Items for the 05/21/2009 NCUA Board Meeting are available -

Fryzel Testifies on Corporate Stabilization Efforts, Legislation - May 20, 2009, Alexandria, Va. - National Credit Union Administration Chairman Michael E. Fryzel told the House Financial Services Subcommittee on Financial Institutions and Consumer Credit today he supports H.R. 2351, The Credit Union Share Insurance Stabilization Act, noting it “represents a real solution to the problem.”

Fryzel Statement on Enactment of Stabilization Legislation - May 19, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel statement on House and Senate passage of S.896, Helping Families Save Their Homes Act of 2009.

Chairman Fryzel to Testify on Stabilization Reform - May 18, 2009, Alexandria, Va. -�National Credit Union Administration Chairman Michael E Fryzel will testify at a hearing before the House Subcommittee on Financial Institutions and Consumer Credit on H.R. 2351, The Credit Union Share Insurance Stabilization Act at 2 p.m. Wednesday, May 20, 2009, in room 2128 of the Rayburn House Office Building.

NCUA to Launch Updated Website - May 18, 2009, Alexandria, Va. - The National Credit Union Administration is debuting an updated and enhanced website on May 20, 2009, that will provide users with easier access to agency information and data.

Agenda for the 05/21/2009 NCUA Closed Board Meeting Revised� -

Rouge Employees Credit Union Members Now Served by Chief Financial Federal Credit Union - May 15, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) was appointed liquidating agent of Rouge Employees Credit Union in Dearborn by the Michigan Office of Financial & Insurance Regulation on May 15, 2009. Effective May 18, 2009, Rouge Employees Credit Union members will be served by Chief Financial Federal Credit Union (formerly Chief Pontiac Federal Credit Union) of Pontiac, Michigan.

Weekly Corporate Credit Union Update – May 15, 2009 - May 8, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp).

Chairman Fryzel Visits Library of Congress Federal Credit Union - May 14, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel yesterday visited the Library of Congress Federal Credit Union on Capitol Hill in Washington, D.C., to recognize the credit union and its contribution to the community.

Agenda for the 05/21/2009 NCUA Board Meeting is available� -

Chairman Fryzel Encourages CDFI Participation  - May 14, 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel encouraged broader credit union participation in Community Development Financial Institutions Fund (CDFI Fund) programs as part of his overall review of the Obama Administration’s Fiscal Year 2010 Budget.

Fryzel Statement on Kanjorski Credit Union Insurance Stabilization Bill - May 13, 2009, Alexandria, Va. – "This initiative by Chairman Kanjorski, Chairman Gutierrez, Congressman Royce, Congressman Scott and Congressman LaTourette moves the NCUA and the credit union industry another step closer to creating a real and pragmatic solution to the corporate credit union situation.

Hood Emphasizes That the Time is Right for Credit Unions to Gain Market Share - May 8, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the National Association of Credit Union Service Organizations (NACUSO) Annual Meeting. This year’s meeting focused on credit union sustainability through collaborative efforts and multi-owned CUSO’s which provide additional resources and expertise, spread the risk and capital investment of business ventures, and ultimately direct more value back to credit union members.

Weekly Corporate Credit Union Update – May 8, 2009 - May 8, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp). The following items are of note:

KANJORSKI, BRYANT CONFIRMED AS 75TH ANNIVERSARY SYMPOSIUM SPEAKERS - Alexandria, Va., May 6, 2009 – National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that Representative Paul Kanjorski will provide the keynote address at the Symposium marking the 75th Anniversary of the Federal Credit Union Act. Representative Kanjorski, currently Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, has a long, distinguished history as an expert and leader in Congress on credit union issues.

Fryzel Addresses Creation Of A Systemic Risk Council - May 7, 2009, Alexandria, Va. – NCUA Chairman Michael E. Fryzel today issued the following statement in response to FDIC Chairman Sheila Bair’s testimony yesterday regarding Congressional creation of a systemic risk council.

Fryzel Statement on Senate Passage of NCUA Corporate Stabilization Plan - May 6, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel’s statement:

Fryzel to Credit Unions: “Be Optimistic About Our Shared Future” - May 4, 2009, Alexandria, Va. –NCUA Chairman Michael E. Fryzel outlined a broad set of priorities related to the continuing Agency efforts to resolve the difficulties facing the corporate credit union system during remarks to nearly 150 credit union officials at the Illinois Credit Union System’s Governmental Affairs and Legislative Day in Springfield, IL.

Weekly Corporate Credit Union Update – May 1, 2009 - May 1, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp).

Fryzel Marks Financial Literacy Month, Notes Importance for Credit Unions - April 30, 2009, Alexandria, Va.– National Credit Union Administration Chairman Michael E. Fryzel commemorated Financial Literacy Month by encouraging a broader and more extensive role for credit unions in the improvement of the Nation’s financial know-how. 

NCUA Issues Prohibition Orders - Alexandria, Va., April 29, 2009 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Fryzel Meets with New York Credit Unions - April 28, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel welcomed representatives from the Credit Union Association of New York and member credit unions to Washington last week. The league was visiting the Washington DC area to meet with their congressional delegation and discuss legislative and regulatory issues.

Fryzel Stresses Importance of Involvement, Activism - April 27, 2009, Alexandria, Va. – NCUA Chairman Michael E. Fryzel reiterated the importance of industry and NCUA activism, and described ongoing Agency efforts to stabilize the corporate credit union system during his address to the Ohio Credit Union League’s Annual Meeting in Cleveland, OH.

COMUNICADO DE PRENSA DE NCUA La Cooperativa de Ahorro y Crédito Eastern Financial Florida Colocada en Sindicatura - 24 de abril del 2009, Alexandria, Va. – El día de hoy la Administración Nacional de Cooperativas de Ahorro y Crédito (NCUA) asumió el control de las operaciones de la Cooperativa de Ahorro y Crédito Eastern Financial Florida, una cooperativa con licencia de funcionamiento del Estado de la Florida con seguro de depósitos del Gobierno Federal con oficinas centrales en Miramar, Florida.

Eastern Financial Florida Credit Union Placed In Conservatorship - April 24, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) today assumed control of the operations of Eastern Financial Florida Credit Union, a state-chartered, federally insured credit union headquartered in Miramar, Florida.

Weekly Corporate Credit Union Update – April 24, 2009 - April 24, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Board this week took actions to ensure corporate credit unions are able to continue providing services to members and to enhance the Temporary Corporate Credit Union Share Guarantee Program.

Agencies Propose Clarifications to Credit Card Rules - The Federal Reserve Board, the Office of Thrift Supervision, and the National Credit Union Administration today proposed clarifications to aspects of their December 2008 final rules under the Federal Trade Commission Act (FTC Act) prohibiting certain unfair credit card practices. The Federal Reserve Board also proposed clarifications to its December 2008 final rule under the Truth in Lending Act (TILA) amending Regulation Z to improve the disclosures consumers receive in connection with credit card accounts and other revolving credit plans.

Corporate Credit Union Share Guarantee Program Revised, Extended - April 21, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Board today modified the terms of the Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) to extend the program to accommodate a 2-year rolling expiration date and provide the option of quarterly extensions through December 2012. If the option to extend each quarter is fully utilized, the final guarantee would expire December 31, 2014.

Results of the 04/21/2009 NCUA Board Meeting are available -

Draft Items for the 04/21/2009 NCUA Board Meeting are available -

NCUA Revises April Board Meeting Agenda - April 17, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) has revised the April 21, 2009, Board meeting agenda. The NCUA Board unanimously voted to delete items 1 and 2, from the previously announced open meeting agenda –

Weekly Corporate Credit Union Update – April 17, 2009 - April 17, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued a summary of the Pacific Investment Management Company LLC (PIMCO) analysis of residential mortgage backed securities held by corporate credit unions. The summary is available online at http://www.ncua.gov/CorporateStabilizationProgram.html.

Fryzel Urges Unity, Action in Resolving Corporate Issues - April 15, 2009, Alexandria, Va. – In his first public speech since the conservatorship of two corporate credit unions in March, NCUA Chairman Michael E. Fryzel called on credit unions to gain legislative support for the NCUA plan to replenish the National Credit Union Share Insurance Fund (NCUSIF) and described the ongoing efforts by the Agency to stabilize and improve the corporate network. Chairman Fryzel sounded the note of determination and forward-looking optimism during his address to the Texas Credit Union League’s 75th Annual Meeting in Austin.

Agenda for the 04/21/2009 NCUA Board Meeting is available -

Weekly Corporate Credit Union Update – April 10, 2009 - April 10, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued a summary of the agency’s analysis of the distressed securities held by U.S. Central Federal Credit Union (U.S. Central) and Western Corporate Federal Credit Union (WesCorp). The summary is available online at http://www.ncua.gov/CorporateStabilizationProgram.html.

Comment Period Closes on Corporate Credit Union ANPR - April 7, 2009, Alexandria, VA – The comment period closed yesterday on the National Credit Union Administration (NCUA) advance notice of proposed rulemaking (ANPR) concerning corporate credit union regulation, and approximately 450 comments have been received.

Fryzel Urges Congressional Approval of NCUA Plan - April 3, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel continued his advocacy for the NCUA Board-approved Corporate Stabilization Plan this week, as he visited several key lawmakers and pressed the case for legislation that would implement the proposal.

09-0218 - Application of New York Law to Federal Credit Union (FCU) Guaranteed Auto Protection (GAP) Waivers - 02/24/2009 -

Accounting Bulletin, New Corporate Stabilization FAQs Issued - April 2, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today issued new Frequently Asked Questions Regarding Corporate Stabilization (FAQs) and Accounting Bulletin No. 09-2 to provide the latest information pertaining to proposed legislative solutions to corporate stabilization efforts and related financial reporting implications.

Vice Chairman Hood Encourages Affordable and Sustainable Mortgage Lending Practices - April 2, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood yesterday addressed the American Credit Union Mortgage Association (ACUMA) Spring Conference in San Francisco, Calif. The event focused on promoting ideas and solutions that would reinforce continuing mortgage lending opportunities for credit unions. Hood stressed that credit unions should seize this opportunity to engage in responsible mortgage lending, emphasizing the importance of pre- and post-purchase counseling as well as rent-to-own strategies that provide the financial education necessary to eventually sustain homeownership.

Board Member Hyland Informs Volunteers of Corporate Stabilization Efforts - Alexandria, Va., April 1, 2009 – National Credit Union Administration (NCUA) Board Member Gigi Hyland spoke with 60 credit union volunteers attending the CUNA Roundtable for Board Leadership in Henderson, Nev., March 30, 2009, and she urged them to communicate with their colleagues about issues pertaining to NCUA’s Corporate Stabilization Plan. Hyland acknowledged that “while I urge credit unions to be transparent to their members, I expect the NCUA to also be as transparent as possible. That is why I am here—to tell you as much as I can about what the agency is doing and to answer your many legitimate questions about these actions.”

NCUA Activates Disaster Assistance in Response to Midwest Flooding - Alexandria, Va., March 30, 2009 - The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe weather and flooding in North Dakota and Minnesota.

Fryzel Visits Student Credit Union - March 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman, Michael E. Fryzel last week highlighted the importance of an early start on financial education during a tour of a Virginia high school student-run branch

Chairman Fryzel Identifies New Options for System-Wide Stabilization Assistance - March 23, 2008, Alexandria, Va. - “Events continue to move swiftly, and I have directed NCUA staff to explore two new avenues to augment NCUA’s Corporate Stabilization efforts. First, we have held preliminary discussions with Congress regarding the creation of a Corporate Stabilization mechanism, as an adjunct to the National Credit Union Share Insurance Fund (NCUSIF). This new mechanism would replenish the NCUSIF through an arrangement with the Treasury Department, while providing additional flexibility for credit unions to make their required contributions over a period of time. Specific details of the proposal will be available pending the Board’s review and decision at Thursday’s Board Meeting. 

NCUA Schedules Closed Board Meeting on 03/26/2009 - March 23, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for Thursday, March 26, 2009.�

NCUA Conserves U.S. Central and Western Corporate Credit Unions - March 20, 2009, Alexandria, VA – The National Credit Union Administration Board today placed U.S. Central Federal Credit Union, Lenexa, Kansas, and Western Corporate (WesCorp) Federal Credit Union, San Dimas, California, into conservatorship to stabilize the corporate credit union system and resolve balance sheet issues. These actions are the latest NCUA efforts to assist the corporate credit union network under the Corporate Stabilization Plan.

NCUA Webcast Will Provide Corporate Stabilization Update - March 20, 2009, Alexandria, VA – – The National Credit Union Administration will host a webcast Monday, March 23, 2009, to provide the credit union community with an update on the corporate credit union stabilization program.

Vice Chairman Hood Touts Value Health Savings Accounts (HSA) Bring to the Credit Union Community - March 20, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Members Health Network 1st Annual Credit Union HSA Roundtable at Allegacy Federal Credit Union, one of the nation’s top 100 credit unions in assets, located in Winston-Salem, NC. The event gathered credit union leaders in an effort to provide a forum to discuss what is working, what challenges remain and what the future looks like for credit union leadership in the emerging HSA market. The event focused specifically on the unique opportunities facing credit unions to expand member services while advancing business development through HSA programs.

Results of the 03/19/2009 NCUA Board Meeting are available -

Albin Testifies on Credit Card and Overdraft Protection - March 19, 2009, Alexandria, Va. – National Credit Union Administration Associate General Counsel Sheila Albin testified today before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit addressing legislation designed to aid consumers: “H.R. 627, the Credit Cardholders’ Bill of Rights Act of 2009; and H.R 1456, the Consumer Overdraft Protection Fair Practices Act of 2009.

Marquis Testifies on Insurance Fund Issues - March 19, 2009, Alexandria, Va. - National Credit Union Administration Executive Director David M. Marquis testified today before the Senate Banking, Housing, and Urban Affairs Committee on deposit insurance issues – making $250,000 insurance protection permanent; extending NCUSIF replenishment to 5 years; increasing the NCUSIF borrowing authority; and providing systemic risk authority to NCUA.

Fryzel to Senate: Preserve Independence of NCUA and NCUSIF Says Other Regulatory Improvements Warranted - March 19, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Chairman Michael E. Fryzel today underscored the public policy benefits of a distinct federal credit union regulatory and insurance entity in testimony before the Senate Banking Committee while calling for an improved federal regulatory standard setting authority.

Draft Items for the 03/19/2009 NCUA Board Meeting are available -

Registration Now Open for 75th Anniversary Symposium in Washington D.C. - March 18, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for the Symposium marking the 75th Anniversary of the Federal Credit Union Act. The program will be held June 9 and 10, 2009, at the Hyatt Regency Washington D.C. on Capitol Hill.

Former NCUA Chairman Edgar F. Callahan Passes Away - March 18, 2009 Alexandria, Va. – Former National Credit Union Administration (NCUA) Chairman Edgar F. Callahan passed away today in Sacramento, California, following a long illness.

NCUA To Testify Tomorrow At Three Hearings - March 18, 2009, Alexandria, Va. – The National Credit Union Administration is scheduled to testify before three House and Senate Committees tomorrow, March 19, 2009, on Capitol Hill.

Agenda for the 03/19/2009 NCUA Board Meeting Modified -

NCUA Provides Informational Letter for Credit Union Members - March 16, 2009, Alexandria, Va. - The National Credit Union Administration is providing the attached letter explaining details of recent actions taken to stabilize the corporate credit union system. The communication, intended for use by credit unions with their members, also explains how stabilization efforts may affect federally insured credit unions.

Chairman Fryzel’s Statement Regarding Continued CLF Borrowing Authority - March 12, 2009, Alexandria, VA ––“I am gratified that President Obama and the Congress have continued to provide NCUA with the latitude to deal with ongoing difficulties in the corporate credit union sector. The removal of the Central Liquidity Facility lending cap through September means that stabilization efforts will remain in place, and credit unions will be able to step forward to assist the corporate network at this crucial juncture.” 

Agenda for the 03/19/2009 NCUA Board Meeting is available, PLEASE NOTE TIME CHANGE -

Fryzel to NASCUS Conference: There Are Problems, But Also Solutions - March 11, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel addressed this week’s annual NCUA/NASCUS National Regulators Conference in Chicago, Ill, March 9, 2009.

Vice Chairman Hood Visits Nebraska Credit Unions and Delivers Keynote Address at the Omaha Chapter Meeting - March 10, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood toured local credit unions in Omaha, NE while in town to deliver the keynote address at the Omaha Chapter Meeting. Before attending the Chapter Meeting, Hood took the time to tour four local credit unions: Gallup Federal Credit Union, Strategic Air Command (SAC) Federal Credit Union, Omaha Federal Credit Union, and Omaha Police Federal Credit Union.

NCUA Releases PricewaterhouseCoopers Corporate CU Report Summary - lexandria, Va.�March 10, 2009 - The National Credit Union Administration today is releasing a summary of the PricewaterhouseCoopers LLP (PwC) report, with recommendations for stabilization and improvement of the corporate credit union system.

NCUA Welcomes Washington League - March 9, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel and Board Member Gigi Hyland welcomed 11 Washington Credit Union League representatives to Alexandria recently, and encouraged continued activism and involvement in the governmental affairs process.

Credit Unions Oversubscribe the March CU SIP Offering - March 6, 2009, Alexandria, Va. – The National Credit Union Administration is pleased to report that the Credit Union System Investment Program (CU SIP) has been extremely successful in the initial corporate stabilization phase due to the high level of support from natural person credit unions.

Vice Chairman Hood Discusses “Making Home Affordable” Loan Modification Program With Virginia Credit Unions - March 6, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood today addressed the NCUA Office of Small Credit Union Initiatives Workshop in Richmond, VA. With the new programs implemented within the credit union industry in order to deal with the current economic crisis facing all financial institutions, Mr. Hood took this opportunity to discuss the most recent developments with leaders from small credit unions across Virginia. NCUA, in conjunction with the other federal financial regulatory agencies, issued a statement of support for the recently approved legislation dealing with distressed mortgages. The Vice Chairman reiterated the fact that NCUA encourages credit unions that service or hold residential mortgage loans to participate in the “Making Home Affordable” Loan Modification Program. The goal of this program is to promote sustainable loan modification for at-risk homeowners.

NCUA Call Report Enhanced - March 5, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) today announced changes to the March 31, 2009, Call Report designed to better enable credit unions to provide a more accurate picture of expenses related to the recent NCUA Corporate Stabilization Program.

Interagency Media Release – Federal Financial Regulatory Agencies Issue Statement in Support of the “Making Home Affordable” Loan Modification Program - March 4, 2009, The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to participate in the “Making Home Affordable” loan modification program. Guidelines for the program were announced today by the Treasury Department. 

Vice Chairman Hood Addresses Concerns of Natural Person Credit Unions During a Credit Union League Town Hall Forum - March 4, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the North Carolina Credit Union League’s Town Hall Meeting yesterday at Carolina’s Telco FCU in Charlotte, N.C. Mr. Hood took the opportunity to discuss and explain the recent action taken by the NCUA Board in an effort to stabilize the corporate credit unions. More specifically, the Vice Chairman addressed questions concerning the recent supervisory letter sent to all NCUA field staff that focused on supervision considerations for natural person credit unions in light of the announced corporate stabilization efforts.

Voluntary Corporate Guarantee Program Participants Announced - March 2, 2009, Alexandria, Va. – The National Credit Union Administration’s Voluntary Temporary Corporate Credit Union Share Program (TCCUSGP) began March 1, 2009. Only those corporates listed below are participating in the voluntary guarantee program. The TCCUGSP was approved by the NCUA Board January 28, 2009 and consisted of a temporary guarantee by the National Credit Union Share Insurance Fund (NCUSIF) of all shares (excluding paid-in-capital and membership capital accounts) at all corporate credit unions. The voluntary guarantee is effective March 1, 2009, expires December 31, 2010 and only encompasses participating corporates.

NCUA Provides Examiner Guidance Recognizing Corporate Impact, CU SIP - February 27, 2009, Alexandria, Va. – The National Credit Union Administration issued new supervisory guidance for agency examination staff regarding the impact the Corporate Stabilization Program may have on credit union balance sheets. Supervisory Letter 09-01 instructs examination staff to differentiate between the impact of recent NCUA Board actions and operational activities by credit union management when evaluating credit union performance and risk profile. The letter also sets forth guidance allowing for examiner recognition of possible temporary reductions in return on assets (ROA) resulting from credit union participation in the Credit Union System Investment Program (CU SIP).

Results of the 02/26/2009 NCUA Board Meeting are available -

Draft Items for the 02/26/2009 NCUA Board Meeting are available -

Fryzel Calls Credit Unions 'A Solution During Troubled Times,' Urges Unity and Focus - Alexandria, Va. February 24, 2009 – National Credit Union Administration Chairman Michael E. Fryzel today emphasized credit union’s relatively strong position, noting that credit unions are the best capitalized segment of the nation’s financial services industry, before an audience of over 3500 credit union leaders at the Credit Union National Association's Governmental Affairs Conference in Washington, D.C.

NCUA Highlights America Saves Week - February 24, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel encouraged credit union participation in America Saves Week as a way to improve consumer saving and stress the importance of financial literacy.

Membership, Assets, Loans and Savings Grew in 2008 as Net Income Declined - Alexandria, Va., February 23, 2009 – According to call reports submitted by the nation’s 7,806 federally insured credit unions, all savings categories and the majority of loan categories showed positive growth in 2008, while the return on average assets declined as loan loss reserves were increased.

Vice Chairman Hood Continues to Promote Risk Mitigation During His 2009 Risk Mitigation Summit His 2009 Risk Mitigation Summit - February 20, 2009, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood hosted his third annual NCUA Risk mitigation Summit yesterday at the Federal Reserve Bank of Atlanta. The event was filled to capacity with leaders from government and industry anxious to gain further knowledge regarding the current economic situation and what they can do to mitigate risk. 

Fryzel Commends President’s Mortgage Plan - February 20, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel welcomed President Obama's "Homeowner Affordability and Stability Plan" as an important and positive step in the overall federal efforts to assist struggling homeowners during this time of economic dislocation.

February 19, 2009 Agenda for the 02/26/2009 NCUA Board Meeting is available -

Vice Chairman Hood Discusses the Corporate Stabilization Program with Credit Union Members in Louisiana and Texas - February 13, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Louisiana Credit Union League’s Large Asset Roundtable in Baton Rouge, LA on Wednesday, February 11th; followed by the Texas Credit Union League’s Small Credit Union Meeting in Houston, TX on Thursday, February 12th. Mr. Hood took these opportunities to discuss and explain the recent action taken by the NCUA Board in an effort to stabilize the corporate credit unions.

Center Valley Federal Credit Union Closes - February 16, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) placed Center Valley Federal Credit Union of Wheeling, West Virginia, into liquidation Friday, February 13, 2009.

CLF Advances Reach Nearly $8 Billion in NCUA Initiative - February 13, 2009, Alexandria, Va. – The National Credit Union Administration today provided an additional $2.9 billion to credit unions participating in the Credit Union System Investment Program (CU SIP), an NCUA Central Liquidity Facility (CLF) initiative designed to add liquidity to the credit union system.

NCUA Webcast Provides Answers on Corporate Stabilization - February 12, 2009, Alexandria, Va. – Approximately 3,800 people participated in today’s National Credit Union Administration webcast providing the credit union community with details of the stabilization program, which is designed to maintain stability and liquidity within the corporate credit union system.

Sign-up for the Credit Card Rule Conference Call - February 12, 2009, Alexandria, Va. - The National Credit Union Administration, Office of Thrift Supervision (OTS), and Federal Reserve Board encourage credit unions, banks and thrifts to participate in a free audio briefing where agency speakers will respond live to participants’ questions concerning the new rule addressing unfair credit card practices. 

Fryzel Welcomes Chartway Federal Credit Union to NCUA - February 12, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met Chartway CEO, Ronald Burniske and Vice President of Strategy, Phillip Richards earlier this week at NCUA headquarters in Alexandria.

Vice Chairman Hood Honors John Milazzo, President & CEO of Campus FCU - February 11, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood honored the president and CEO of Campus Federal Credit Union, with the Vice Chairman’s Award for Distinguished Service for his leadership of the Blueprint 2020 Initiative Task Force. Exemplifying dedication to the credit union mission of “People Helping People,” Mr. Milazzo has helped bring to light the significant benefits of recruiting, training, and retaining individuals for careers in the credit union industry.

Statement of Chairman Fryzel Regarding Today’s Financial Stability Plan Announcement By U.S. Treasury Secretary Geithner - February 10, 2009, Alexandria, VA – “Today marks a new day in the process of the federal government’s broad response to the financial crisis. Updated initiatives announced by Treasury Secretary Geithner under the terms of the Financial Stability Plan will hopefully provide credit unions with access to workable and useful tools to deploy in mitigating the market instability. Over the coming days I intend to restate my earlier requests to the Secretary to make funds available to credit unions through an asset purchase program called for in statute, and to ensure that rules are written to give credit unions the ability to take advantage of any new-created aspects of the federal response.

Melinda Love Is Named Office of Examination and Insurance Director - February 10, 2009, Alexandria, VA –– The National Credit Union Administration (NCUA) Board has appointed Region V Director Melinda Love as director of the Office of Examination and Insurance (E&I) at NCUA headquarters in Alexandria effective March 16, 2009.

Upcoming Webcast Will Provide Corporate Stabilization Update - February 10, 2009, Alexandria, Va. – The National Credit Union Administration will host a webcast this Thursday to provide the credit union community with an update on the corporate credit union stabilization program.

NCUA Amends Special Board Meeting Agenda - February 6, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) Board has added an agenda item to the special closed meeting scheduled for Tuesday, February 10, 2009, at 10 a.m.

Japanese Agricultural and Fishery Cooperative Savings Insurance Corporation Visits NCUA - February 6, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) last week welcomed four representatives from the Japanese Agricultural and Fishery Cooperative Savings Insurance Corporation (SIC).

Agenda for the 02/10/2009 NCUA Closed Board Meeting is available -

2009 NCUA Risk Mitigation Summit Reaches Capacity - February 5, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood announced today that registration for the 2009 Risk Mitigation Summit, being held at the Federal Reserve Bank of Georgia on February 19, 2009, is now full. However, due to overwhelming interest, those interested may register to be placed on a waiting list.

House Committee Approves NCUA Request to Extend NCUSIF Restoration - Measures Will Assist Stabilization Efforts, Extend Credit Union Premium Period February 4, 2009, Alexandria, Va. — The House Committee on Financial Services today approved HR 786, the Committee’s TARP reform legislation, and added several provisions NCUA Chairman Michael Fryzel recommended as imperative to the credit union system – increasing NCUA Treasury borrowing authority and providing for a 5-year restoration period to replenish the National Credit Union Share Insurance Fund (NCUSIF).  

Vice Chairman Hood Honors UNFCU Staff Member Timothy Challen - February 4, 2009, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood honored United Nations Federal Credit Union (UNFCU) Business Development Officer Timothy Challen with the Vice Chairman’s Award for Distinguished Service on January 30, 2009, at the UNFCU Representative Office in Geneva, Switzerland. 

Board Member Hyland’s Statement on the Corporate Stabilization Program - Alexandria, VA, February 4, 2009 – “Last Wednesday, NCUA took necessary, but unprecedented steps to stabilize the corporate credit union system. The actions were taken to preserve confidence in the corporate system and allow NCUA, natural person credit unions, and corporate credit unions to effectively manage this situation.

Chairman Fryzel Meets with Michigan State Regulator - February 3, 2009, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel met last week with Michigan’s Office of Financial and Insurance Regulation Commissioner, Ken Ross, during a visit to St. Joseph, Michigan.

Fryzel Discusses Corporate Stabilization Program During Michigan Visit - February 2, 2009 Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel continued his outreach to the credit union industry with a tour of United Federal Credit Union in St. Joseph Michigan, followed by a luncheon meeting with representatives from over a dozen area credit unions. 

Results of the 01/28/2009 NCUA Board Meeting are available -

Board Approves Corporate Stabilization Efforts - Alexandria, Va., January 28, 2009 – The National Credit Union Administration Board today approved a series of actions designed to enhance and support a corporate credit union system facing unprecedented strains on liquidity and capital due to extraordinary market disruptions and the current economic climate. Corporate credit unions provide investment and liquidity services to consumer-owned natural person credit unions. 

Fryzel Welcomes Geithner, Requests TARP Aid for Credit Unions - January 27, 2009, Alexandria, Va. - National Credit Union Administration Chairman Michael E. Fryzel today congratulated newly confirmed Treasury Secretary Timothy F. Geithner on his assumption of office and called upon the Secretary to expand options for credit union participation in the Troubled Assets Relief Program (TARP).�

NCUA Schedules Closed Board Meeting - January 27, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for January 28, 2009, at 3 p.m.

Agenda for the 01/28/2009 NCUA Closed Board Meeting is available -

Results of the 01/22/2009 NCUA Board Meeting are available -

January 22, 2009 Draft Items for the 01/22/2009 NCUA Board Meeting are available -

NCUA Charters 1st Bergen FCU in New Jersey - Alexandria, Va., January 16, 2009 – The National Credit Union Administration (NCUA) has approved a charter for 1st Bergen Federal Credit Union located in Hackensack, New Jersey.

Fryzel Tours Communitywide Federal Credit Union - January 16 , 2008, Alexandria, Va. – National Credit Union Administration (NCUA) Chairman Michael E. Fryzel toured Communitywide Federal Credit Union in South Bend, Indiana earlier this week.

Financial Regulators Release Guidance on Risk Management of Remote Deposit Capture - The Federal Financial Institutions Examination Council (FFIEC) issued guidance today for examiners, financial institutions, and technology service providers to identify risks, evaluate controls, and assess risk management practices related to remote deposit capture (RDC) systems.

January 15, 2009 Agenda for the 01/22/2009 NCUA Board Meeting is available -

Fryzel Welcomes California and Nevada Credit Union League Officials - January 12, 2009, Alexandria, Va. –Chairman Michael E. Fryzel welcomed members of the California and Nevada Credit Union Leagues to National Credit Union Administration last week. The leagues were visiting the Washington DC area as part of the beginning of the 111th Congress.

NCUA Issues Prohibition Orders - Alexandria, Va., January 8, 2009 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

NCUA Activates National Examination Team - January 8, 2008, Alexandria, Va. – Chairman Michael E. Fryzel announced today activation of the National Credit Union Administration (NCUA) National Examination Team (NET) to enhance the supervisory process in areas where economic conditions have adversely impacted federally insured credit unions. This initiative is in further response to the difficulties caused by declining home values, high mortgage delinquency rates, high foreclosure rates, high unemployment rates, and concentrations of real estate loans that have affected credit unions to varying degrees. Where those factors are present, NCUA will deploy a specialized team of examiners who will concentrate on the most difficult cases. 

NCUA Reassigns Alaska and Nevada Supervision - January 6, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) has reassigned the supervision and examination of Alaska and Nevada credit unions in order to reallocate resources to better meet NCUA supervision objectives and adjust for workload imbalances.

NCUA Schedules Closed Board Meeting - January 5, 2009, Alexandria, Va. - The National Credit Union Administration (NCUA) Board has scheduled a special closed meeting for January 8, 2009, at 10 a.m.

Over $5 Billion in CLF Advances Funded through New NCUA Initiatives - January 2, 2009, Alexandria, Va. - National Credit Union Administration today provided participation numbers for the Credit Union Homeowners Affordability Relief Program (CU HARP) and the Credit Union System Investment Program (CU SIP). Both initiatives utilize NCUA’s Central Liquidity Facility (CLF).

Valley Credit Union Put into Receivership; Citizens Equity First Credit Union Purchases and Assumes Assets - January 2, 2009 Alexandria, Virginia - The National Credit Union Administration (NCUA) today was appointed receiver of Valley Credit Union (Valley) of San Jose, California by the California Department of Financial Institutions (DFI). NCUA had been operating Valley as conservator since the California DFI placed Valley into conservatorship on September 2, 2008.