Alexandria, Va., July 7, 2008 ??I will take the oath of office and assume the duties of Chairman of the National Credit Union Administration at the end of July.

The National Credit Union Administration (NCUA) will partner with the U.S. Internal Revenue Service (IRS) to produce an informational video on the IRS? Volunteer Income Tax Assistance (VITA) Program. 

July 1, 2008 Alexandria, Virginia - The National Credit Union Administration (NCUA) today liquidated two state chartered California credit unions, Sterlent Credit Union of Pleasanton and Cal State 9 Credit Union of Concord.

Alexandria, Va., June 30, 2008 ? National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood comments on the recent nomination of Sandy K. Baruah to head the Small Business Administration (SBA).

June 30, 2008, Alexandria, VA ? National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Corporate One Federal Credit Union?s Enterprise Wide Risk Management Conference to communicate to credit union executives the importance of identifying the risks associated with their strategic initiatives and the necessity to manage those risks to enhance the performance of their credit unions.

Alexandria, Va., June 30, 2008 ? As I conclude my service on the Board of the National Credit Union Administration, I would like to take this opportunity to reflect not only on the issues and challenges that have been presented during my tenure, but also on the road ahead for the credit union industry and the role that NCUA will continue to play.

Alexandria, Va., June 27, 2008 ? NCUA Board nominee Michael E. Fryzel was confirmed today by the U.S. Senate to a seat on the NCUA three-member Board. As the NCUA chairman designee, he will replace Chairman JoAnn Johnson, whose term expired August 12, 2007.

?As with the President?s decision to nominate me to the Board of the National Credit Union Administration and confer the high honor of Chairman, I am deeply honored by my U.S. Senate?s confirmation.

June 24, 2008 ? ?House passage of the Credit Union, Bank and Thrift Regulatory Relief Act represents a positive step forward in the overall cause of updating the laws under which credit unions operate.

Alexandria, VA, June 24, 2008 -National Credit Union Administration (NCUA) Board Member Gigi Hyland and her Senior Policy Advisor, Gary Kohn, yesterday participated in a podcast entitled ?Current Issues in Credit Unions, Episode 27.?

Alexandria, Va., June 17, 2008 -- The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the storms, flooding, and tornadoes in Wisconsin.

Alexandria, Va., June 13, 2008 -- The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the storms, flooding, and tornadoes in Indiana and Iowa.

June 6, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood was on hand today at the Department of Housing and Urban Development (HUD) as President George W. Bush praised the new HUD Secretary Steven C. Preston and White House Chief of Staff Josh Bolten administered the oath of office.

June 5, 2008, Alexandria, Va. -- National Credit Union Administration (NCUA) Chairman JoAnn Johnson testified today on the state of the credit unions industry before the Senate Banking Committee.

May 22, 2008, Alexandria, VA ? National Credit Union Administration Board Member Gigi Hyland asked a series of pointed, practical questions at today?s NCUA Board meeting regarding implementation of the Outreach Task Force?s recommendations to collect data on federal credit unions? member income levels and financial services.

May 22, 2008, Alexandria, VA ? National Credit Union Administration Board Member Gigi Hyland asked a series of pointed, practical questions at today?s NCUA Board meeting regarding implementation of the Outreach Task Force?s recommendations to collect data on federal credit unions? member income levels and financial services.

May 22, 2008, Alexandria, VA ? National Credit Union Administration Board Member Gigi Hyland asked a series of pointed, practical questions at today?s NCUA Board meeting regarding implementation of the Outreach Task Force?s recommendations to collect data on federal credit unions? member income levels and financial services.

May 21, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed a General Forum organized by the Boston and Worcester Alliances for Economic Inclusion (AEI) at Brandeis University in Boston, MA.

May 22, 2008, Alexandria, Va. ? The National Credit Union Administration (NCUA) today selected Patelco Credit Union?s bid to purchase the assets and assume the shares of Cal State 9 Credit Union (Cal 9) of Concord, California. Patelco Credit Union, of San Francisco, California, will provide Cal 9 members with uninterrupted credit union service with consolidation of the two credit unions.

May 22, 2008, Alexandria, Va - In recognition of National Hurricane Preparedness Week, May 25, 2008 to May 31, 2008, National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced that a National Hurricane Center link, http://www.nhc.noaa.gov/HAW2/english/intro.shtml, providing consumers with information pertaining to safe money management in the event of a natural disaster and emergency, is now featured on the ?What?s New? section of the main page of the MyMoney.gov website.

Results of the 05/22/2008 NCUA Board Meeting are available

Washington ? The federal financial regulatory agencies today issued final illustrations for helping consumers understand certain hybrid adjustable rate mortgage (ARM) products.

May 22, 2008, Alexandria, Va. ? The NCUA Board today issued a proposed rule that would modify the agency?s chartering policy to update and clarify the process for approving credit unions to serve ?underserved areas.?

Draft Items for the 05/22/2008 NCUA Board Meeting are available

Alexandria, Va., May 20, 2008 ? 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 14, 2008, Alexandria, Va. ? U.S. Treasury Deputy Assistant Secretary for Legislative Affairs (Banking and Finance) Robert U. Foster, III will join the National Credit Union Administration as Deputy Director of the Office of Public and Congressional Affairs effective May 19, 2008.

NCUA General Counsel Opinion 08-0139 ? Permissibility of Borrowing Funds to Purchase Investments

NCUA General Counsel Opinion 08-0302 ? Conflict of Interest under Member Business Loan (MBL) Rule

May 12, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) placed Father Burke Federal Credit Union of Bronx, New York, into liquidation May 12, 2008.

May 2, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Alaska Credit Union League?s Annual Conference in Juneau, AK. Mr. Hood thanked the League for his invitation and noted how appropriate it was for this year?s conference to be held in Juneau while the local area is in the midst of an energy crisis.

May 5, 2008, Alexandria, Va. -- The National Credit Union Administration (NCUA) placed St. Luke Baptist Federal Credit Union of Laurelton, New York, into liquidation May 3, 2008.

May 1, 2008, Alexandria, Va., The National Credit Union Administration (NCUA) Board has approved a joint proposed rule prohibiting credit card and overdraft service practices as unfair or deceptive under Section 5 of the Federal Trade Commission Act.

April 28, 2008, Alexandria, Va. ? In recognition of ?National Financial Literacy Month,? representatives from the National Credit Union Administration?s (NCUA) Office of Public and Congressional Affairs answered questions and distributed materials regarding financial literacy to Members of Congress and congressional staff at the Jump$tart Coalition?s Financial Literacy Day event held today in the Hart Senate Office Building to highlight the growing importance of financial literacy.

April 24, 2008, Alexandria, Va ? In recognition of the upcoming National Volunteer Week (April 27 - May 3, 2008), National Credit Union Administration (NCUA) Chairman JoAnn Johnson, presented Gordon A. Simmons, President/CEO of Service Credit Union in Portsmouth, New Hampshire, with the President?s Volunteer Service Award.

NCUA Letter to Credit Unions, ?Evaluating Third Party Relationships?

Federal Credit Unions (FCUs) are Depository Institutions

Benefits for Employees of Credit Union Service Organizations (CUSCOs)

April 18, 2008, Alexandria, Va. ? The week of April 21-25, 2008, has been designated by the United States Small Business Administration (SBA) as National Small Business Week.

Results of the 04/17/2008 NCUA Board Meeting are available.

Draft Items for the 04/17/2008 NCUA Board Meeting are available

Federal and State Regulators Gather for Annual NCUA/NASCUS National Regulators Meeting

Johnson On Financial Literacy: Progress Made, More To Be Done

Testimony - Chairman JoAnn Johnson Testifies before the House Financial Services Committee on ?Financial Literacy? Issues

Agenda for the 04/17/2008 NCUA Board Meeting is available

April 9, 2008, Alexandria, Va. ? National Credit Union Administration Chairman JoAnn Johnson will join other financial regulators and private sector representatives testifying Tuesday, April 15, 2008, before the House Financial Services Committee on public and private financial literacy initiatives.

April 4, 2008, Alexandria, Va - The month of April, 2008, has been recognized as ?Financial Literacy Month? by the United States Congress.

April 2, 2008, Alexandria, VA ? National Credit Union Administration (NCUA) Chairman JoAnn Johnson today announced that information explaining the economic stimulus payments created by the Economic Stimulus Act of 2008 is now featured on the ?What?s New? section of the main page of the MyMoney.gov website.

March 31, 2008, Alexandria, Va - The Executive Summary of the Treasury Report raises important issues about the optimal structure for governmental oversight of U.S. financial markets.

March 26, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Board Member Gigi Hyland detailed an ambitious and far-reaching agenda for NeigborWorks America (NWA), saying that "the NeighborWorks mission is always relevant, but never more than during these uncertain times for America's homeowners."

Alexandria, Va., March 25, 2008 ? The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

The federal bank, thrift, credit union, and Farm Credit System regulatory agencies today requested public comment on new and revised interagency questions and answers regarding flood insurance.

The NCUA Board issued proposed Interpretive Ruling and Policy Statement (IRPS) No. 08-1, Guidance Regarding Prohibitions Imposed by Section 205(d) of the Federal Credit Union Act.

Proposed Rule: Interpretive Ruling and Policy Statement (IRPS) 08-1, Guidance Regarding Prohibitions Imposed by Section 205(d) of the Federal Credit Union Act

March 19, 2008, Alexandria, Va. - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the National Federation of Community Development Credit Unions (NFCDCU) Mortgage Lending Seminar at the Center for Responsible Lending in Durham, N.C., yesterday.

The Federal Financial Institutions Examination Council (FFIEC) today issued updated guidance for examiners, financial institutions, and technology service providers to identify business continuity risks and evaluate controls and risk management practices for effective business continuity planning.

Letters to Credit Unions

March 17, 2008, Alexandria, Va. -- National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Flandreau Santee Sioux Tribe?s Town Hall Meeting hosted by MidAmerica Credit Union Association (MACUA) at the Tribe?s reservation north of Sioux Falls, South Dakota, March 13, 2008.

March 17, 2008, Alexandria, Va ? National Credit Union Administration (NCUA) Board Member Gigi Hyland is encouraging credit union officials to review Frequently Asked Questions (FAQs) which were raised by participants during her ?Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning? Webinar on January 29, 2008.

March 13, 2008, Alexandria, Va. -- National Credit Union Administration (NCUA) Chairman JoAnn Johnson today attended the briefing by U.S. Treasury Secretary Henry M. Paulson, Jr., as he unveiled the President?s Working Group (PWG) on Financial Markets? recommendations to address present stress in the financial markets.

March 13, 2008, Alexandria, VA - National Credit Union Administration (NCUA) Executive Director J. Leonard Skiles has selected NCUA Office of Examination and Insurance Deputy Director Larry Fazio to be Deputy Executive Director of the NCUA, assisting Executive Director Skiles in managing the daily operation of the agency.

SUNSHINE ACT; NOTICE OF AGENCY MEETING

Rodney E. Hood joins 245 leading executives, public figures and intellectuals ? all age 40 or younger ? chosen from around the world

March 7, 2008, Alexandria, Va. ? Director Tawana James and Adrienne Munroe of the National Credit Union Administration?s Office of Small Credit Union Initiatives (OSCUI) joined other federal agency representatives March 4, 2008, discussing financial education needs in African-American communities at the U.S. Treasury Building in Washington, D.C.

Alexandria, VA, March 7, 2008 ? The ?Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning? webinar facilitated by National Credit Union Administration (NCUA) Board Member Gigi Hyland on January 29, 2008, is available for viewing.

March 6, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson testified before the U.S. House Financial Services Committee hearing on "The Need for Credit Union Regulatory Relief."

Alexandria, Va. March 5, 2008 ? National Credit Union Administration Chairman JoAnn Johnson today stressed the importance of member rights and transparency in her remarks to CUNA's Governmental Affairs Conference.

March 4, 2008 Alexandria, Va - Board Member Hyland spoke at the Credit Union National Association?s 2008 Governmental Affairs Conference at the Washington Convention Center in Washington, D.C. Board Member Hyland, Chair of NCUA Outreach Task Force, spoke on NCUA?s Outreach Task Force Report, which was released on February 26, 2008.

March 4, 2008, Alexandria, Va - National Credit Union Administration (NCUA) Chairman JoAnn Johnson joined federal and state financial regulators testifying before the United States Senate Banking, Housing, and Urban Affairs Committee on ?The State of the Banking Industry?. 

March 3, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush?s designation of March 2, 2008 through March 8, 2008 as National Consumer Protection Week to highlighted important factors consumers should consider when considering a mortgage.

March 3, 2008, Alexandria, Va - National Credit Union Administration Chairman JoAnn Johnson will testify twice before Congress this week.

February 26, 2008, Alexandria, VA ? National Credit Union Administration Board Member Gigi Hyland today formally presented the Outreach Task Force Report to the NCUA Board.

On November 3, 2006, the Member Service Assessment Pilot Program (MSAP) Report was presented to the National Credit Union Administration (NCUA) Board.

The NCUA Board issued final rule Part 797, Procedures for Debt Collection, concerning collecting debts owed to the federal government by former and present federal employees.

Alexandria, Va., February 21, 2008 ? Federally insured credit unions reported solid loan and share growth and membership expansion in 2007 while loan delinquencies increased according to call report data submitted by the nation?s 8,100 federally insured credit unions.

February 15, 2008 Alexandria, Va. ? Representatives from the National Credit Union Administration?s (NCUA) Office of Public and Congressional Affairs answered questions and distributed materials regarding consumer protection to interested Members of Congress and their staff at the National Consumer Protection Week Consumer Education Fair on Capitol Hill today.

Alexandria, Va, February 14, 2008 ? National Credit Union Administration Chairman JoAnn Johnson represented NCUA at the first meeting of the President?s Advisory Council on Financial Literacy yesterday at the United States Department of Treasury.

Alexandria, Va., February 14, 2008 ? NCUA Board Member Gigi Hyland is participating in the Home and Family Finance radio program, sponsored by the Credit Union National Association (CUNA).

Alexandria, Va., February 12, 2008 ? The National Credit Union Administration Board has issued orders prohibiting the following people from participating in the affairs of any federally insured financial institution.

SUNSHINE ACT; NOTICE OF AGENCY MEETING

Alexandria, Va. February 13, 2008 ? National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush?s designation of February 2008 as National African American History Month to highlight important credit union programs and initiatives that are making a positive impact in African American communities.

February 11, 2008, Alexandria, Va. ? National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the 25th Anniversary Celebration of Georgetown University Alumni and Student Federal Credit Union (GUASFCU) Saturday, February 9, 2008.

February 8, 2008, Alexandria, VA ? National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the North Carolina Minority Support Center?s (NCMSC) 2008 Community Development Credit Union (CDCU) Summit at the University of North Carolina at Chapel Hill.

Alexandria, Va., February 8, 2008 - The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the severe storms, tornadoes, winds, and flooding in Arkansas and Tennessee.

February 4, 2008, Alexandria, Va. ? National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the National Association of Federal Credit Unions? (NAFCU) Mid-Sized CEO Roundtable in Williamsburg, Va.

Alexandria, Va., January 30, 2008 -- The National Credit Union Administration (NCUA) is holding 20 training workshops hosted by NCUA?s Office of Small Credit Union Initiatives in cities across the country in 2008.

Alexandria, VA, January 29, 2008 ? National Credit Union Administration (NCUA) Board Member Gigi Hyland facilitated a webinar today entitled ?Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning.?

Results of the 01/24/2008 NCUA Board Meeting are available

January 24, 2008, Alexandria, Va. – The National Credit Union Administration (NCUA) today selected Public Service Credit Union’s bid to purchase the assets and assume the shares of Norlarco Credit Union (Norlarco) of Ft. Collins, Colorado. Public Service Credit Union (PSCU) of Denver, Colorado, will provide Norlarco members with uninterrupted credit union service following consolidation of the two credit unions.

Draft Items for the 01/24/2008 NCUA Board Meeting are available

This webinar will focus on: the practical implications of the recently released Letter to Credit Unions on Evaluation Third Party Relationships (07-CU-13) and address strategic planning considerations for management and boards of directors.

Alexandria, Va., January 22, 2008 – NCUA Chairman JoAnn Johnson used this week's Martin Luther King, Jr. holiday as an opportunity to highlight the importance of financial education while volunteering at an Alexandria, VA, elementary school branch of State Department FCU.

Alexandria, VA, January 15, 2008 – Registration for the Tuesday, January 29, 2008 webinar entitled “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” is now open.

Alexandria, Va., January 9, 2008 – The National Credit Union Administration has selected Mary Ann Woodson as Chief Financial Officer (CFO) of NCUA effective January 14, 2008.

The January 2008 NCUA Newsletter is available.

Alexandria, VA, January 2, 2008 – Board Member Gigi Hyland announced today that she will moderate a webinar on Tuesday, January 29, 2008 entitled “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning.”

The purpose of this Letter is to provide all Federally Insured Credit Unions with the guidance provided to NCUA field staff regarding the evaluation of credit union relationships with third parties. Attached is the supervisory letter developed to give examiners a standard framework for reviewing third party relationships.

December 14, 2007, Alexandria, Va. – The State of Colorado has assumed control of the operations of Zion United Community Credit Union, a state-chartered, federally insured credit union serving residents in Denver, Colorado.

Results of the 12/13/2007 NCUA Board Meeting are available

Draft Items for the 12/13/2007 NCUA Board Meeting are available

Alexandria, Va. December 12, 2007- National Credit Union Administration Executive Director J. Leonard Skiles told Congress that while NCUA supports legislative proposals to facilitate consumer contact with federal agencies, the Agency also wants to ensure that NCUA continues to have direct responsibility over inquiries regarding credit unions.

Alexandria, Va., December 10, 2007 – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Agenda for the 12/13/2007 NCUA Board Meeting is available

December 5, 2007 - National Credit Union Administration Vice Chairman Rodney E. Hood issued the following statement regarding Michael Fryzel's nomination to the NCUA Board.

Alexandria, VA. December 6, 2007 -- National Credit Union Administration (NCUA) Board Member Gigi Hyland told Congress today that NCUA favors a balanced approach to restructuring of home mortgages that allows for "prudent workout arrangements" that "benefit both credit unions and their members."

Alexandria, Va., December 5, 2007 -- National Credit Union Administration (NCUA) Board Member Gigi Hyland followed an Access Across America program, which included a panel on Volunteer Income Tax Assistance (VITA), she hosted in March 2007 with a collaborative NCUA, U.S. Department of Housing and Urban Development and U.S. Internal Revenue Service (IRS) webcast in November. The webcast focused on credit union opportunities to provide free tax preparation service for members.

Chairman Johnson's Statement Regarding the President's Intent to Nominate Michael E. Fryzel to the NCUA Board
Alexandria, Va., November 30, 2007 -- NCUA Chairman JoAnn Johnson issued the following statement regarding President Bush's announcement today that he intends to nominate Michael E. Fryzel of Illinois to be a Member of the National Credit Union Administration Board, with a subsequent designation to be Chairperson.

Final Regulation 12 CFR 701.23 - Purchase, Sale, and Pledge of Eligible Obligations

The Peer Average Ratios for September 2007 are now available

Alexandria, Va. November 20, 2007 – National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush’s designation of November as National American Indian Heritage Month to highlight initiatives aimed at expanding credit union service to Native American and Alaskan Native Communities.

Alexandria, Va., November 20, 2007 – Federally insured credit unions reported strong asset and share growth through September 30, 2007, according to third-quarter 2007 Call Report data submitted by the nation’s 8,163 federally insured credit unions.

Draft Items for the 11/15/2007 NCUA Board Meeting are available

November 14, 2007, Alexandria, VA - National Credit Union Administration (NCUA) Chairman JoAnn Johnson today announced that Jeremy Carl has been appointed Associate Director of External Affairs.

WASHINGTON - The federal financial institution regulatory agencies and the Federal Trade Commission have sent to the Federal Register for publication final rules on identity theft "red flags" and address discrepancies. The final rules implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003.

Agenda for the 11/15/2007 NCUA Board Meeting is available

November 8, 2007, Alexandria, VA – National Credit Union (NCUA) Board Member Gigi Hyland pointed to the early success of the Patriot Express Loan initiative, administered by the U.S. Small Business Administration (SBA), as an example of both the positive outcomes possible when NCUA and other federal agencies collaborate, as well as the opportunities available to credit unions from federal outreach programs. Patriot Express supports veterans, service-disabled veterans and Reserve members by building on the more than one billion dollars in loans already guaranteed by the SBA on an annual basis to the military community.

November 8, 2007, Alexandria, Va. -- The National Credit Union Administration (NCUA) Community Development Revolving Loan Fund (Fund) announced today it has reached its threshold. The Fund has processed 40 loans totaling over $7 million during 2007, and total Fund lending now exceeds $13 million. This is the largest number of loans approved by the Fund in a single year and totals the largest amount of loans ever recorded.

November 7, 2007, Alexandria, Va. -The National Credit Union Administration (NCUA) completed negotiations with the National Treasury Employees Union (NTEU) Chapter 303 on the first collective bargaining agreement for NCUA employees on Thursday, November 1, 2007. The 3-year contract provides the framework of working conditions for the NCUA bargaining unit, which includes field examiners and office employees.

Alexandria, VA, November 2, 2007 - The National Credit Union Administration (NCUA) Board today liquidated the insolvent Green Tree Federal Credit Union, a $7 million association based credit union in Feasterville, Pennsylvania, that served Friends of Briar Bush, a nonprofit nature conservancy located in Glenside, Pennsylvania.

Alexandria, VA, November 2, 2007 - The National Credit Union Administration (NCUA) is partnering with the U.S. Internal Revenue Service (IRS) to present a live Volunteer Income Tax Assistance (VITA) Partnership webcast November 14, 2007, from 1:00 p.m. to 2:30 p.m. EST.

November 2, 2007, Alexandria, Va. -- The National Credit Union Administration (NCUA) today assumed control of the operations of Cal State 9 Credit Union, a state-chartered, federally insured, community-based credit union in Concord, California.

Alexandria, Virginia, October 25, 2007 – The National Credit Union Administration (NCUA) Region V office examiners stationed in California have contacted all credit unions located in the fire damaged areas of Southern California and at noon (Pacific time) today most credit unions have returned to operations as normal.

October 25, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Associate Director of External Affairs Justin Grove was selected to serve on special detail at the U.S. Department of Treasury. Grove will advise and assist Treasury officials with task forces and initiatives dealing with financial education and current issues facing the economy.

Results of the 10/25/2007 NCUA Board Meeting are available

Joint Release - Agencies Issue Final Rules on Affiliate Marketing

Draft Items for the 10/25/2007 NCUA Board Meeting are available

Alexandria, Va., October 24, 2007 -- The National Credit Union Administration (NCUA) has activated its disaster relief policy to assist credit unions and their members affected by the wildfires in California.

October 24, 2007, Alexandria, Va., -- National Credit Union Administration Chairman JoAnn Johnson testified today before the House Financial Services Committee on mortgage reform. The Legislative Proposals on Reforming Mortgage Practices hearing included three panels -- federal regulators and state banking supervisors, consumer groups, and industry trade associations.

October 17, 2007, Alexandria, Va. – The January and July 2008 open meetings of the National Credit Union Administration Board are being rescheduled to January 24, 2008, and July 24, 2008. Both meetings are scheduled to convene at 10 a.m., with a closed meeting to follow.

October 18, 2007, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered remarks during a reception held today at the Federal Reserve Bank of Chicago in honor of the first national credit union partnership between Operation HOPE and Alliant Credit Union, and in recognition of the appointment of David Mooney, President and CEO of Alliant Credit Union as Chairman of the HOPE Midwestern Board.

Joint Interagency Proposed Guidance on Garnishment of Federal Benefit Payments

October 4, 2007, Alexandria, Va., -- National Credit Union Administration (NCUA) Chairman JoAnn Johnson was the afternoon speaker today at the Eastern Regional Conference on Reaching Unbanked People held in New York City, where she emphasized that the financial services world needs to acknowledge there is a problem in reaching the unbanked, financial education is essential to change people's lives, and giving credit unions the opportunity to reach out to underserved areas is key to implementing change.

October 3, 2007, Alexandria, Va. – NCUA Chairman JoAnn Johnson will discuss why more than 10 million Americans do not have access to mainstream financial services and the important role financial education plays in stabilizing people lives at the Financial Education and Literacy Commission’s Northeast Regional Conference on Reaching Unbanked People being held in New York City Thursday, October 4, 2007.

October 2, 2007, Alexandria, VA- National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the final of six Outreach Task Force “Town Hall” meetings today in Washington, DC. The Task Force, comprised of NCUA staff members and chaired by Board Member Hyland, was created to review the recommendations from the Member Service Assessment Pilot Program (MSAP) and advise the NCUA Board based on the findings.

Final Regulation 12 CFR 701.3 - Member Inspection of Credit Union Books, Records, and Minutes

Alexandria, Va., September 27, 2007 -- The National Credit Union Administration today announces its 2008 Board meeting schedule. The Board plans to convene in 2008 on a Thursday at 10 a.m. each month (except August when the Board historically does not meet) on the following dates:

Results of the 9/27/2007 NCUA Board Meeting are available

Draft Items for the 9/27/2007 NCUA Board Meeting are available

September 26, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is filling up quickly for the final of six scheduled Outreach Task Force “Town Hall” meetings, which will be held in Washington, DC on Tuesday, Oct. 2. To register, please visit NCUA’s website at: http://www.ncua.gov/TH-Outreach/Index.htm .

September 21, 2007, Alexandria, Va. –The National Credit Union Administration (NCUA) will hold its seventh annual Budget Briefing and Public Forum in October. Executive Director Len Skiles will introduce the proposed 2008 budget and the public is invited to attend and provide input.

Agenda for the 9/27/2007 NCUA Board Meeting is available

WASHINGTON — The federal financial regulatory agencies (Agencies) today requested public
comment on a statement encouraging federally regulated financial institutions to follow best
practices to protect federal benefit payments from garnishment orders.

Washington, DC, September 17, 2007 - National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered remarks today at the Credit Union National Association (CUNA) Payment Systems Conference. Attracting CEOs, management, and operations staff from around the country, the three-day conference addresses payment system issues. As part of his continuing effort to promote the best practices of enterprise wide risk management, Hood's remarks concentrated on the evolving Payment Systems, Remote Deposit Capture, Money Service Businesses, and Emerging Retail Payments.

NCUA Challenges Lawsuit
September 12, 2007, Alexandria, VA –The National Credit Union Administration (NCUA) filed a motion on September 7, 2007, with the U.S. District Court for the Eastern District of Virginia, to dismiss a suit challenging credit union conversion rules promulgated by NCUA. The organization that filed the suit, the Coalition for Credit Union Charter Options, claims in its complaint that it seeks to preserve charter choice for credit unions. A hearing on NCUA’s motion is tentatively scheduled for October 19, 2007.

Joint Interagency Media Release - Federal Financial Regulatory Agencies Announce Availability of the 2006 HMDA Home Loan Data

The Insurance Report of Activity for August 2007 is available

The Multiple Common Bond Expansion report for August 2007 is available

September 7, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood participated in a Senior Managers Forum in Portland, Maine. Hosted by the Maine Credit Union League, the forum served as an opportunity for a frank discussion about current issues facing the credit union industry. Prior to the forum, Mr. Hood met with members of the Maine Credit Union League’s Board of Directors.

The federal financial regulatory agencies and the Conference of State Bank Supervisors (CSBS) on Tuesday issued a statement encouraging federally regulated financial institutions and state-supervised entities that service securitized residential mortgages to review to determine the full extent of their authority under pooling and servicing agreements to identify borrowers at risk of default and pursue appropriate loss mitigation strategies designed to preserve homeownership.

August 24, 2007, Alexandria, VA – National Credit Union Administration (NCUA) Board Member Gigi Hyland met with Kimberly Reed, Director of the Community Development Financial Institutions (CDFI) Fund, U.S. Department of Treasury, last week to discuss ways credit unions can enhance their already significant role with this important government program. The CDFI Fund's mission is to expand the capacity of financial institutions to provide credit, capital, and financial services to underserved populations and communities in the United States. Currently, 133 credit unions are certified as CDFIs.

Agencies Release Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual

Alexandria, Va. August 23, 2007 – 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., August 22, 2007 – Federally insured credit unions reported solid asset and share growth through June 30, 2007, according to mid-year 2007 call report data submitted by the nation’s 8,238 federally insured credit unions.

Alexandria, Va., August 21, 2007 – The National Credit Union Administration (NCUA) has contracted with AT&T Wireless to issue cellular phones to all field examiners in the near future.

August 17, 2007 - National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the fifth of six Outreach Task Force Meetings on Wednesday in Denver, CO. Over 100 participants from seven different states, including Arizona, Colorado, Nebraska, Nevada, New Mexico, Utah, and Wyoming attended the meeting.

Proposed Joint Regulation - Proposed Illustrations of Consumer Information for Subprime Mortgage Lending

The federal financial regulatory agencies today issued proposed illustrations of consumer information for certain adjustable-rate mortgage (ARM) products described in the agencies’ Statement on Subprime Mortgage Lending (Subprime Statement), effective July 10, 2007. The Subprime Statement recommends communications that ensure consumers have clear, balanced, and timely information about the relative benefits and risks of certain ARM products. The illustrations are intended to assist institutions in providing this information.

August 10, 2007, Alexandria, VA –National Credit Union Administration (NCUA) Board Member Gigi Hyland participated in a podcast this week to address the latest best practices credit unions may consider in order to protect their members from data breaches and security risks.

The Insurance Report of Activity for July 2007 is available

The Multiple Common Bond Expansion report for July 2007 is available

The August 2007 NCUA Newsletter is available

The July 2007 NCUA Newsletter is available

August 7, 2007, Alexandria, Va. – The National Credit Union Administration (NCUA) has created “The Resource Connection” website as a central location to access and share information on credit union business practices, partnership resources, funding and training opportunities. Access "The Resource Connection" by clicking on the new computer icon located on NCUA's homepage http://www.ncua.gov.

August 3, 2007, Alexandria, VA - National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for the final of six scheduled Outreach Task Force "Town Hall" meetings, which will be held in Washington, DC on Tuesday, Oct. 2. To register, please visit NCUA's website at: http://www.ncua.gov/TH-Outreach/Index.htm .

July 30, 2007, Alexandria, VA - NCUA Board Member Gigi Hyland participated in the Fifth Annual Regulator’s Roundtable in Calgary, Canada, on Saturday and Sunday, July 28-29. The Roundtable was part of the World Council of Credit Union Conference. Also participating were regulatory heads from countries representing nearly every continent on the globe, including those from North and South America, the Caribbean, Europe, Africa, Asia, and Australia.

National Credit Union Administration (NCUA) Chairman JoAnn Johnson and National Association of State Credit Union Supervisors (NASCUS) Chairman Linda Jekel today signed a NCUA/NASCUS Document of Cooperation, symbolizing federal and state regulators continued commitment to cooperatively ensure the safety and soundness of federally insured, state-chartered credit unions.

National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood met with Karl Yoneshige, President and CEO of HawaiiUSA Federal Credit Union and Nicholas Owens, National Ombudsman for the U.S. Small Business Administration to discuss the pivotal role credit unions play in spurring economic growth and development through sound and innovative member business lending.