The “SBA 101: All You Ever Wanted to Know About Being an SBA-certified Lender” webinar facilitated by National Credit Union Administration (NCUA) Board Member Gigi Hyland on September 14, is available for viewing.

Share Insurance Coverage for Guardian Accounts

The federal financial regulatory agencies today issued final guidance to address the risks posed by residential mortgage products that allow borrowers to defer repayment of principal and sometimes interest (Interagency Guidance on Nontraditional Mortgage Product Risks).

National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the Fall Meeting of the Alliance of Credit Unions this past weekend in Montreal, Canada. During his speech, the Vice Chairman praised credit unions for stimulating economic growth and for empowering their members to own homes and create small businesses.

National Credit Union Administration (NCUA) Chairman JoAnn Johnson met recently with senior Administration officials to share recommendations with the President’s Identity Theft Task Force. Based upon these recommendations, the Task Force will deliver a final strategic plan to President Bush in early November.

The National Credit Union Administration today chartered Reid Temple AME Church Federal Credit Union of Glenn Dale, Maryland. The associational based credit union was organized to serve the members and employees of Reid Temple African Methodist Episcopal Church as well as students and employees of Reid Temple Christian Academy. Combined, the church and school have nearly 7,000 potential credit union members.

Alexandria, Va., September 25, 2006 — The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution: Lisa Sudo and Sarah Marie Shelton.

A report highlighting credit union financial trends for the first half of 2006.

The August 2006 Insurance Report of Activity is available

NCUA is amending its share insurance rules to implement amendments to the Federal Credit Union Act (FCU Act) made by the Federal Deposit Insurance Reform Act of 2005 (Reform Act) and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (Conforming Amendments Act).