NCUA Activates Disaster Relief Policy after Colorado Flooding
The National Credit Union Administration is encouraging credit unions in areas distressed by severe flooding in Colorado to make prudent loans with special terms and reduced documentation for members affected by the disaster, among other things.

Modifications may include extending the terms of loan repayments, restructuring a borrower's debt obligations, and easing credit terms for new loans to certain borrowers, consistent with prudent practices.  Read More

Small credit unions with an eye toward business lending are the target audience for two free webinars on the topic announced Wednesday by the NCUA.

The first webinar in the series, “Strategy and Policy,” is scheduled to begin on Tuesday, Sept. 17, at 2 p.m. Eastern. The second, “Underwriting,” will be offered Wednesday, Sept. 25, also at 2 p.m. Eastern.  Read More

National Credit Union Administration (NCUA) Board Chairman Debbie Matz today encouraged credit unions to help educate members and their families about the importance of saving during the annual America Saves and Military Saves Week, which starts Feb. 25.

“Having a savings account is the first step towards financial stability, but a recent study indicated a little more than 29 percent of America’s households do not have a savings account,” Chairman Matz said. “People need to learn more about how to save and have a place to save. Read More

1.     Low-Income Credit Unions’ MBL-to-Assets Far Below Cap According to statistics provided by the NCUA, the vast majority of low-income credit unions aren’t exceeding the statutory member business lending cap of 12.25% of assets, even though unlimited MBLs are a much-publicized benefit of LICU status.

Original low-income credit unions that were approved for LICU status before the agency announced a new “opt-in” program Aug. 7 reported 5.8% of their assets were in member business loans as of March 31.  Read More

More than 100 small credit unions across the country will improve service, provide training, and expand community outreach with the help of $1.4 million in technical assistance grants from the National Credit Union Administration (NCUA). 

“NCUA works hard to support America’s small credit unions, and these grants are one way of giving them the essential tools they need to do their work,” said NCUA Board Chairman Debbie Matz. “These credit unions are an important part of their communities and their local economies. This money goes to work to improve the lives of the members and reinforce our community service mission.”  Read More