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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.”

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.

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.

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.

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.

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.

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).

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

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).

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.

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.

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.

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.

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).

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).

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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).

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

August 16, 2010, The Federal Financial Institutions Examination Council (FFIEC) released guidance today on reverse mortgage products.

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.

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).

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.

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.

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.

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.

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.

August 2, 2010, Alexandria, Va. -- The National Credit Union Administration (NCUA) liquidated Certified Federal Credit Union (Certified) of Commerce, California, July 31, 2010.

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.

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.

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.

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.

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.

Alexandria, Va., July 28, 2010 – Federal agencies issue final rules to implement S.A.F.E. Act requirements for registration of mortgage loan originators.

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.

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.

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.

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).

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.

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.

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.

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

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.

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 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.

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.

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:

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.

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.

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.

July 13, 2010, Alexandria, Va. -- I applaud Fed Chairman Bernanke's call for increased lending to small businesses.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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:

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

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

May 25, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) Board today approved the charter for a new federal credit union.

May 25, 2010, Alexandria, Va. – The National Credit Union Administration (NCUA) is reporting recently simulated NCUA email boxes.

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.

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.

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.

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

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.

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

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.

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.

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).

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

Today the Financial Literacy and Education Commission (FLEC) announced the launch of its redesigned financial literacy education website, www.MyMoney.gov.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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

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.”

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.

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.

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.

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.

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.

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).

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.

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.

March 4, 2010, Alexandria Va., – NCUA Board Member Michael E. Fryzel recently visited First Northern Credit Union in Chicago, Ill.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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."

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.

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.

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.

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.

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.

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.

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.

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

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.

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.”

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

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

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.

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.”

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.

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.

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.

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 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.

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:

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.

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).

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.

October 30, 2009 – The Federal Financial Institutions Examination Council (FFIEC) released a policy statement today supporting prudent commercial real estate (CRE) loan workouts.

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.

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

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.

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.

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.

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.

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 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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

September 14, 2009, Alexandria, Va. – NCUA Chairman Deborah Matz issued the following statement today:

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.

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.

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

NCUA Town Hall Meeting Agenda Hosted by Chairman Debbie Matz September 15, 2009 - Clayton, Missouri

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).

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

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.

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.

Alexandria, Va, August 28, 2009 – The National Credit Union Administration (NCUA) today liquidated Free Choice Federal Credit Union (Free Choice) in Feasterville, Pennsylvania.

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.

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

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.

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.

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.”

National Credit Union Administration Chairman Michael E. Fryzel encouraged continued leadership by defense credit unions yesterday

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

July 23, 2009, Alexandria, Va. – Former National Credit Union Administration (NCUA) Vice Chairman Elizabeth Flores Burkhart, 74, died today in Hawaii.

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.

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.

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.

July, 17 2009

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.

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

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.

Alexandria, Va., July 13, 2009 - The National Credit Union Administration (NCUA) today made public additional information pertaining to external corporate portfolio analysis

July, 9 2009,

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

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.

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

July 1, 2009, Alexandria, Va. - While an interagency rule on unfair and deceptive acts and practices in connection with credit cards

June 30, 2009, Alexandria, Va. – National Credit Union Administration Chairman Michael E. Fryzel applauds the nine credit unions awarded $17,150,000

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.

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.

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.

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.

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.

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, 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.

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.

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.

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.

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.

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.

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.

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:

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.

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.

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 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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

May 29, 2009, Alexandria, Va. – Normal operations continue without interruption at U.S. Central and WesCorp.

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

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.

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.

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

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.”

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.

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

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.

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.”

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.

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.