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What's up
  • [ June 1, 2026 ] Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start NCUA
  • [ June 1, 2026 ] New senior deputy comptroller at OCC for regional, midsize banks OCC
  • [ June 1, 2026 ] Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’ OCC
  • [ May 29, 2026 ] Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction NCUA
  • [ May 29, 2026 ] 210 banks slated for CRA exams by FDIC over next two quarters FDIC
Homelow-income credit unions

low-income credit unions

NCUA

Agency reminds of grant availability for low-income credit unions

November 3, 2025 0

Credit unions with the National Credit Union Administration’s (NCUA) low-income designation can still apply by Dec. 16 for a portion of the more than $3.4 million in grants being made available by the agency, according […]

NCUA

NCUA to open low-income credit union grant round May 1; more than $3.4 million available

April 3, 2024 0

More than $3.4 million is available for a round of grants that will begin taking applications from low-income-designated credit unions May 1, the federal credit union regulator said Wednesday. The Community Development Revolving Loan Fund […]

NCUA

NCUA reminds June 26 is last day for low-income CU grant applications

June 9, 2021 0

A reminder of the June 26 due date for applications from low-income-designated credit unions for grants in the Community Development Revolving Loan Fund’s (CDRLF) current round was issued Wednesday by the National Credit Union Administration […]

NCUA

Agency reminds that applications for low-income credit union grants, targeting pandemic needs, taken until May 22

May 13, 2020 0

Eligible low-income credit unions have until May 22 to apply for Community Development Revolving Loan Fund (CDRLF) grants to meet their needs and needs of their members during the COVID-19 pandemic, the federal credit union […]

NCUA

NCUA details potential uses for COVID-19 emergency grants, loans to low-income credit unions

March 31, 2020 0

The federal credit union regulator Monday afternoon announced that of the money allocated for this year’s revolving loan fund activities, $4 million is designated for loans and $800,000 for grants so credit unions can help […]

Today

  • Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start

    June 1, 2026 0
    Bad loans resulting in “significant” losses and thus the deterioration of the capital of a Chicago bank led it to become the first to fail in 2026, the federal deposit insurance agency said Monday. The office of inspector general (OIG) [...]
  • New senior deputy comptroller at OCC for regional, midsize banks

    June 1, 2026 0
    Benjamin Eddy is the senior deputy comptroller for regional and midsize financial institutions for the Office of the Comptroller of the Currency (OCC), the agency announced Monday. In that role, Eddy oversees the supervision of national banks and federal savings [...]
  • Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’

    June 1, 2026 0
    Half of the 18 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) became public in May were deemed “outstanding,” information released by the national bank regulator Monday shows. The other nine banks, the list from Office of the [...]
  • Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

    May 29, 2026 0
    The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
  • 210 banks slated for CRA exams by FDIC over next two quarters

    May 29, 2026 0
    The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]

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