March is Women's History Month and the NCUA recognizes the achievements and contributions of Julie Cayse, Associate Regional Director and Executive Sponsor of the NCUA's SWAN Employee Resource Group.
#WomensHistoryMonth
#diversity
#leadership
Federally insured credit unions offer a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor. Credit union members have never lost a penny of insured savings at a federally insured credit union. .
The NCUA and other federal regulators seek comment on a Notice of Proposed Rulemaking to address incentive-based compensation arrangements. The NCUA is expected to take action on the NPR in the near future. .
PRESS RELEASE: President Joseph R. Biden, Jr. has designated National Credit Union Administration Board Member Todd M. Harper as the twelfth Chairman of the NCUA Board.
Federally insured
#creditunions
may provide certain financial services to legally operating hemp businesses under new guidance released today. Learn more:
The NCUA has released a Letter to Credit Unions clarifying the relationships with third parties that provide services related to digital assets. The read the full letter, go to: .
PRESS RELEASE: NCUA Chairman Rodney E. Hood today urged the Financial Accounting Standards Board to exempt credit unions from complying with the current expected credit losses methodology.
Mark your calendars to attend the NCUA’s 2024 DEI Summit to be held in Minneapolis, Minnesota. Visit the 2024 DEI Summit site at for hotel information and to book your stay for the July 9–11 event.
#dei
#diversity
#inclusion
#equity
#creditunions
The NCUA seeks an experienced Director of Specialist Resources to oversee and support Regional Lending Specialists in the Western Region. For more information on this position or a potential career with the NCUA, go to:
#creditunions
#finance
#leadership
NCUA Chairman Todd M. Harper spoke today at the
#CUNAGAC
2023, where he discussed the state of the credit union system and the increasing levels of interest rate, liquidity, and cybersecurity risk that credit unions are facing. .
NCUA Vice Chairman Kyle S. Hauptman spoke at the 2023
#GAC
where he discussed his regulatory priorities, which include revamping the de novo chartering process, modernizing NCUA’s transparency, and harnessing the power of blockchain and digital assets.
Learn about building financial capability during the "Money Moves to Build Savings and Financial Capability" webinar hosted by the NCUA's Office of Consumer Financial Protection. Register now at: .
Growth in hemp-related commerce will create a need for capital & financial services. Interim guidance gives
#creditunions
the ability to step in & provide hemp-related businesses these customary financial services. Learn more:
With a stroke of his pen, President Roosevelt made it possible for teachers; police officers & firefighters; military personnel & their families; parishioners; skilled tradespeople & so many others to pool their resources & organize
#creditunions
#FCUAct85
The Honorable Tanya Otsuka became the 25th Board Member of the NCUA following a private swearing-in ceremony held at the agency’s Alexandria, Virginia, headquarters today.
The NCUA reminds credit union members of the safety of their deposits in federally insured
#creditunions
. The NCUA also reminds individuals to remain vigilant against
#COVID19
related scams.
Due to recent geopolitical events, The NCUA, along with
@CISAgov
,
@FBI
and
@NSAGov
encourage credit unions and their cybersecurity teams nationwide to adopt a heightened state of awareness.
Yesterday,
@TheNCUA
Board Members J. Mark McWatters (l.) & Todd M. Harper (r.) joined Chairman Rodney E. Hood in cutting the ceremonial cake at the agency’s 85th anniversary celebration commemorating the signing of the Federal Credit Union Act
#FCUAct85
Chairman Todd M. Harper spoke today at CUNA’s Governmental Affairs Conference. He discussed the economy, the agency’s response to COVID-19, consumer financial protection, his regulatory priorities, and the need for economic equity and justice.
#CUNAGAC
PRESS RELEASE: NCUA Chairman Rodney E. Hood issued a statement after the U.S. Supreme Court denied an appeal from the American Bankers Association to review the NCUA's chartering and field of membership rules: .
Chairman Todd M. Harper took the oath of office at a ceremonial swearing-in administered by Federal Housing Finance Agency Director Sandra L. Thompson at the NCUA headquarters in Alexandria, Va.
115.4 million Americans now belong to a federally insured credit union, according to newly released industry data . Head over to our consumer site, to learn more about credit...
Today the NCUA celebrates its 50th anniversary. “The creation of an independent NCUA was a significant recognition of the growing importance of federally insured credit unions within the financial ecosystem.” – NCUA Chairman Rodney E. Hood .
NCUA Chairman Todd M. Harper announced the appointment of Elizabeth A. Eurgubian as director of external affairs and communications and policy advisor, effective February 14, 2022.
The NCUA and
@FTC
are hosting a webinar titled “Protect Your Credit and Identity with Cybersecurity Awareness” on Thursday, October 26. Register now at .
We will be hosting a Facebook Live event this week to discuss how servicemembers, veterans & their families can spot & avoid imposter scams Special guest,
@FTC
will be on hand to share some interesting data, & resources CC:
@milconsumer
#MilitaryConsumerMonth
Chairman
@Rodney_e_hood
has appointed H. Lenwood Brooks, V, to serve as his Chief of Staff. Brooks has been serving as Acting Chief of Staff & Director of the Office of External Affairs & Communications. Brooks assumed his duties on September 24
#creditunions
will be able to provide the customary range of financial services for business accounts, including loans, to hemp businesses within their fields of membership .
@AACUC1
Chairman Adrian Johnson presented
@TheNCUA
Chairman Hood with a certificate of appreciation for his remarks at the 21st annual
#AACUC
conference. Read the Chairman's full remarks here Photo cred:
@MDDCCUA
Pres/CEO John Bratsakis
On National Slam the Scam Day and throughout the year, these tools will help you to recognize Social Security-related scams and stop scammers from stealing your money and personal information.
#SlamTheScam
#NCPW2024
The Federal Credit Union Act made some significant changes to the
#creditunion
system. Trace the history of the Federal Credit Union Act,
@TheNCUA
& the credit union system here
#FCUAct85
Dr. Daryl Fairweather is the chief economist of Redfin. During the housing crisis, Daryl worked as a researcher at the
@BostonFed
studying why homeowners entered foreclosure. Register now for the NCUA's DEI & ACCESS Summit: .
#NCUA_DEISummit
#ACCESS_NCUA
The NCUA issued two prohibition notices and one consent order in March 2024. The individuals are permanently prohibited from participating in the affairs of any federally insured depository institution.
The Asset Management and Assistance Center seeks a talented executive to serve as the Director of Liquidation and Member Services to support federally insured credit unions in all NCUA regions.
#creditunions
#liquidity
#leadership
The NCUA will hold a webinar on Thursday, February 11, that will provide participants with an update on Chairman Todd M. Harper’s priorities, the agency’s supervisory activities, and recently issued guidance and regulations, among other topics.
Federally insured credit unions experienced growth in assets, shares and deposits, and loans outstanding over the year ending in Q1 of 2022, according to the latest Quarterly U.S. Map Review released today by the NCUA. To read the full report, go to: .
The NCUA would like to cordially invite you to the second Diversity, Equity, and Inclusion (DEI) Summit. This three-day event will take place virtually Nov. 2–4, 2021. Register now at: .
#DEI
Today,
@TheNCUA
Chairman Rodney E. Hood spoke before the
@DCUC_HQ
Annual Meeting where he discussed the importance of financial inclusion & the innovations that defense
#creditunions
have pioneered to better serve their members
#DCUC2019
Today we honor our nation's veterans. The NCUA is grateful for the service of the 183 NCUA team members who have proudly worn the uniforms of the U.S. Armed Forces to protect the freedoms we cherish.
"On behalf of the NCUA Board and our entire leadership team, I wish you and yours a safe, restful, and joyous holiday season," said NCUA Chairman Todd M. Harper in a message to employees.
The NCUA is reaching out to credit unions facing challenges during the COVID-19 pandemic between May 4-18. Information gathered will be used to provide credit unions with assistance. For more information, go to:
NCUA Vice Chairman Kyle S. Hauptman spoke today during the Credit Union National Association’s Governmental Affairs Conference.
#CUNAGAC
His remarks are available at: .
Yesterday, the NCUA and the Public Corporation for the Supervision and Insurance of Cooperatives of Puerto Rico signed a memorandum of understanding that will strengthen the supervision of cooperativas on the island.
Financial losses due to cybercrime reached $2.7 billion in 2018 & during National Cybersecurity Awareness Month, we are reminding
#creditunion
stakeholders to remain vigilant & to
#BeCyberSmart
#NCSAM
Chairman Harper's statement on
#InternationalCreditUnionDay
: "Today, we observe the 75th International Credit Union Day. This day is a time for all of us to recognize the global impact of the credit union movement."
The Honorable Kyle S. Hauptman became the 24th Board Member of the NCUA following a swearing-in ceremony held today at the agency’s Alexandria, Virginia, headquarters.
NCUA Chairman Todd M. Harper was recently interviewed by the Barefoot Innovation Podcast, where he discussed the pressures and opportunities facing the credit union system, including in the area of fintech.
Chairman Rodney E. Hood appoints Gisele Roget and Evann Berry to senior leadership roles. Roget will serve as Deputy Chief of Staff. Barry will serve as Senior Advisor to the Chairman for Communications and Engagement.
The NCUA and
@EximBankUS
today launched a three-year collaborative effort to bring small businesses and credit unions together and expand awareness about EXIM programs. See Chairman Rodney E. Hood's full remarks at .
"The NCUA has responded decisively to the needs of federally insured credit unions during the pandemic and is fulfilling its critical mission of protecting the safety and soundness of the system," said Chairman Hood.
NCUA Board Member Rodney E. Hood spoke today at the 2023
#GAC
, where he discussed the progress that has been made through several regulatory reforms that provided credit unions greater flexibility while ensuring the safety and soundness of the system.
NCUA Chairman Rodney E. Hood issued today a letter and FAQs that outline strategies
#creditunions
may consider when determining how to address the challenges associated with COVID-19. The NCUA encourages credit unions to work with impacted borrowers.
NCUA Chairman Rodney E. Hood and E&I Director Larry Fazio took part in the Small Credit Union Roundtable today. Here they discussed the critical role of small credit unions, and the NCUA’s supervision and examination program for these institutions.
#NCUA
#CreditUnions
At the Credit Union Conference hosted by
@FHLBAtl
, Chairman Rodney E. Hood discussed how credit unions could make a difference in addressing the social and economic needs of America’s communities. Pictured with Kirk Malmberg, Executive VP & COO, FHLB Atlanta.
@TheNCUA
Chairman Rodney E. Hood discussed how creating paths forward for individuals with criminal records will reduce recidivism & poverty while strengthening families & communities in his latest
@AmerBanker
op-ed
#creditunions
that choose to serve hemp-related businesses in their field of membership need to understand the complexities & risks involved.
@TheNCUA
latest guidance outlines what credit unions should consider – learn more:
In his remarks at
#NASCUSSUMMIT2019
, Chairman Hood said federal & state regulators working cooperatively "helps
#creditunions
& their members grow, thrive, & prosper.” Read his full remarks here
WEBINAR: The NCUA and Consumer Financial Protection Bureau are co-hosting a webinar on financial literacy and consumer financial protections for servicemembers on November 18. Register today: .
#ACCESS_NCUA
Eighty-five years after signing of the Federal Credit Union Act, federally insured
#creditunions
are stronger than ever offering financial services to millions of Americans – Chairman Rodney E. Hood
#FCUAct85
April is National Financial Capability Month. The NCUA wants to help people of all ages make informed and effective financial decisions. Visit to learn more.
Yesterday afternoon, NCUA Chairman Todd M. Harper spoke before the audience of Inclusiv’s 2023 Annual Conference in Memphis, Tennessee. To read the full remarks, go to: .
PRESS RELEASE: The NCUA Board approved an interim final rule that amends the NCUA’s capital adequacy regulation so that covered
@SBAgov
Paycheck Protection Program loans receive a zero-percent risk weight. To learn more go to: .
Chairman Harper, today at the Defense Credit Union Council’s Conference, said, "While AI can allow credit unions to smartly automate certain functions...it must be harnessed in a responsible way to ensure fairness, transparency, and consumer protection."
To allow federally insured credit unions more time to complete and submit the voluntary Credit Union Diversity Self-Assessment, the NCUA has extended the deadline from Jan. 15 to Jan. 31, 2022. Complete the CUDSA at: .
NCUA Chairman Rodney E. Hood is testifying today before the Senate Committee on Banking, Housing, and Urban Affairs on the oversight of prudential regulators with
@FDICgov
&
@federalreserve
. His written statement is available at
#TheNCUA
"Dr. King’s words and actions remain a beacon of inspiration, urging us to build bridges which reach outside our communities, and work toward a fairer and more inclusive society" – NCUA Chairman Todd M. Harper.
Today we released a six-month progress report on Chairman
@Rodney_e_hood
efforts since he took office. The report summarizes recent initiatives that continue our regulatory reform agenda, as well as collaboration efforts & stakeholder engagement
Chairman Todd M. Harper recognized Owen Cole's long-time dedication to the National Credit Union Administration. Cole was the Associate Director for Policy and Markets, in the Office of Examination and Insurance. Cole served in various roles during his 27-year tenure at the NCUA.
OEAC Deputy Director Michael Sinacore (left) and E&I Policy Director Amanda Parkhill (center) take part in a breakout session on fintech and innovation at the Governmental Affairs Conference on Monday, Feb. 24.
#NCUA
#Credit
Unions
In an effort to assist
#creditunions
impacted by
#COVID19
, NCUA today issued Letter to Federal Credit Unions, 20-FCU-02, announcing greater flexibility in conducting federal credit union annual meetings.
#coronavirus
OP-ED: In today's Credit Union Journal, Chairman Rodney E. Hood published an opinion piece on the legacy of
#Juneteenth
, prompting us all to strive for greater financial freedom: .
Credit unions today are thriving, with more than 117 million credit union members across the country. Learn more about the history of America's
#creditunions
&
@TheNCUA
here
#FCUACT85
NCUA Chairman Rodney E. Hood announced the start of the agency’s new Advancing Communities through Credit, Education, Stability, and Support, or ACCESS, initiative. Go to to learn more.
Chairman Rodney Hood called on the financial services industry to make an institutional commitment to the values of diversity, equity, and financial inclusion during his remarks today at the
@IIBnews
’ Virtual Summit on Diversity, Equality, and Inclusion.