Valwood Park FCU Placed Into Conservatorship by NCUA

The NCUA has placed Valwood Park Federal Credit Union into conservatorship. Learn why.

David Baumann

Published

Jan 23

2023

View all posts by

David Baumann

Back

Articles Posted by

David Baumann

CFPB

CFPB’s Chopra: Overdraft Rule Wouldn’t Harm Liquidity

December 1, 2023

CFPB

House Republicans Bluntly Voicing Their Contempt for CFPB

November 30, 2023

Industry News

As Interchange Bill Languishes, Supporters and Opponents Get Creative

November 29, 2023

Industry News

NCUA to Resume Assessing Civil Penalties for Late Call Reports

November 28, 2023

NCUA

Climate Advocates Call for NCUA to Establish ‘Resilience Office’

November 28, 2023

CFPB

House to Vote on Plan to Kill CFPB Small Business Rule

November 27, 2023

CFPB

CFPB’s Chopra Heads to Capitol Hill Amid Public Support for Agency

November 27, 2023

NCUA

NASCUS: Contributions of State Regulators Overlooked in NCUA Budget

November 24, 2023

Industry News

CU Trades, Consumer Groups Clash Over CFPB Arbitration Petition

November 22, 2023

Industry News

NCUA Inspector General Auditing CU Chartering Process

November 21, 2023

Industry News

Coalition Intensifying Lobbying on Interchange Bill

November 20, 2023

Industry News

Budget Hearing: CU Trades Clash with Harper Over Agency Priorities

November 17, 2023

NCUA

NCUA: Large Credit Unions Showing Signs of Stress

November 16, 2023

Industry News

GOP Rep. Hill Wants to Examine Bank Purchases by Credit Unions

November 16, 2023

NCUA

Harper Submits Familiar Legislative Wish List to Senate Committee

November 15, 2023

NCUA

CU Trades: NCUA Doesn’t Need Beefed Up Consumer Protection Exams

November 14, 2023

Industry News

House Votes Show Support for CDFI, CFPB

November 13, 2023

CFPB

CU Trades Support Proposed CFPB Digital Wallet, Payment Rule

November 9, 2023

NCUA

NCUA Charters Young Community FCU in Kentucky

November 8, 2023

Industry News

House to Consider Abolishing CFPB, CDFI Program

November 8, 2023

NCUA

Senate Banking Committee Advances Otsuka Nomination to NCUA Board

November 7, 2023

CFPB

CFPB: States Are Subjecting Credit Unions to Reinvestment Laws

November 7, 2023

Industry News

Banks Renew Fight Over Military Base Rent Benefits for Credit Unions

November 3, 2023

Industry News

CUNA-NAFCU Merger Approved

November 2, 2023

NCUA

NCUA: In 2022, CUs Provided More Mortgages Than Banks to Targeted Populations

November 2, 2023

Industry News

GOP Senators: Lending Guidance Based on Immigration Status Is Irresponsible

November 1, 2023

CDFI Fund

House Republicans Push Amendments to Eliminate CDFI, CFPB

November 1, 2023

Industry News

GAO: Blacks, Hispanics Face Higher Interest Rates, Fees on Credit Cards

October 31, 2023

Industry News

Marijuana Businesses Sue to Gain Access to Financial Services

October 30, 2023

NCUA

NCUA Proposes 11% Increase in Operating Budget

October 27, 2023

Industry News

CU Trades Blast Proposed Debit Swipe Fee Cut

October 27, 2023

NCUA

Harper: Credit Unions Must Cut Fees to Remain Competitive

October 26, 2023

Industry News

Dems Push Consumer Protection Legislation Ahead of Potential Shutdown

October 25, 2023

NCUA

Navy Federal: NCUA’s Denial of Share Insurance Is National Security Matter

October 24, 2023

CFPB

Credit Unions, Community Bankers Agree: CFPB Data Rule Needs Work

October 23, 2023

NCUA

NCUA Board Nominee: Credit Unions Should Manage Climate Risks

October 20, 2023

CFPB

CFPB Proposes Rule to Ease Consumer Access to Financial Data

October 19, 2023

NCUA

Harper: NCUA Needs Third-Party Vendor Authority

October 19, 2023

Industry News

ABA Poll: Congress Should Investigate CU Tax Exemption

October 19, 2023

CFPB

Senate Votes to Kill CFPB Lending Rule; Biden Promises Veto

October 18, 2023

CDFI Fund

Uncertainty Reigns in CDFI Program

October 18, 2023

Industry News

Study: ‘Credit Marginalized’ Relying on Overdrafts

October 17, 2023

NCUA

Senate Panel to Consider Otsuka Nomination to NCUA Board

October 16, 2023

Industry News

Navy Federal Gets Overseas Bank Contract, but NCUA Can’t Insure Deposits

October 13, 2023

CFPB

CFPB: Large Banks, but Not Large Credit Unions Eliminating NSF Fees

October 12, 2023

CFPB

CFPB Opponents May Be Fighting an Uphill Battle

October 11, 2023

Federal & State Charters

Students at GW Anxious for Provisional CU Charter

October 10, 2023

CFPB

Community Bankers: Credit Unions Are Not Serious Threat

October 6, 2023

CFPB

Consumer Groups Thrilled with CFPB Oral Arguments

October 5, 2023

CFPB

Supreme Court Justices Appear Skeptical of CFPB Challenge

October 4, 2023

CFPB

FDIC Chair: Calls for Deposit Insurance Increases Have Died Down

October 3, 2023

CFPB

Congress Extends Flood Insurance Program until Nov. 17

October 2, 2023

CDFI Fund

CRS: Measuring Effectiveness of CDFI Program Is Daunting Task

October 2, 2023

NCUA

Sen. Warren: Supreme Court Ruling in CFPB Case Could Affect NCUA

September 29, 2023

NCUA

NCUA Awards $3.1 Million in 2023 CDRLF Round

September 28, 2023

Industry News

Senate Banking Committee Approves Marijuana Banking Bill

September 28, 2023

Industry News

New Hurdles Emerge as Senate Panel Considers Marijuana Banking Bill

September 27, 2023

CFPB

CFPB Wants to Eliminate Medical Debts from Credit Reports

September 26, 2023

Industry News

Much to CU Groups’ Dismay, Senator Pushes Interest Cap on Credit Cards

September 25, 2023

NCUA

NCUA Approves Final Rule to Ease CU Efforts to Work With Fintechs

September 22, 2023

NCUA

Biden Intends to Nominate Tanya Otsuka for NCUA Board

September 21, 2023

Industry News

Key Senators Unveil Revised Marijuana Banking Bill

September 21, 2023

Industry News

GAO: Financial Stability Council Needs More Power to Police Risk

September 20, 2023

CFPB

Kentucky Federal Judge Blocks CFPB Small Business Rule

September 19, 2023

Industry News

Senate Committee to Consider Marijuana Banking Bill

September 18, 2023

Industry News

Accusations Fly as Sens Aim to Attach Interchange Plan to Funding Bills

September 18, 2023

Industry News

Flood Insurance Program to Expire Unless Congress Acts Quickly

September 15, 2023

Industry News

Bankers Oppose Bill to Increase Credit Union Business Lending

September 14, 2023

Industry News

CU Trades Ask Congress to Limit Expansion of SBA Lending

September 14, 2023

Industry News

Harper: NCUA Still Working on Provisional Charter Plan

September 13, 2023

Industry News

CUNA’s Nussle: Merged Group to Have United Voice in Chaotic Atmosphere

September 12, 2023

Industry News

Tax Exemption and CUNA-NAFCU Merger Main Topics as NAFCU Caucus Opens

September 12, 2023

CFPB

Judge Rules that CFPB Can’t Police Discrimination by Certain Groups

September 11, 2023

Industry News

Credit Union Lobbying Intensifies as House Returns

September 11, 2023

Industry News

After Withdrawing Bank Application, Rakuten Seeks Credit Union Charter

September 8, 2023

NCUA

NCUA 2nd Quarter Report: Number of CUs Drops, but Membership Increases

September 7, 2023

NCUA

CU Trades Ask NCUA to Increase Operating Fee Threshold

September 7, 2023

CFPB

CFPB Agrees to Settle Discrimination Suit Filed by Agency Employees

September 6, 2023

Industry News

CUNA-NAFCU Merger: Members of Congress Could Take a Hit

September 6, 2023

Industry News

NCRC ‘Mystery Shopper’ Test: Banks Discriminated in Business Lending

September 5, 2023

Industry News

Maryland Resorts to Subterfuge to Bank Marijuana Tax Funds

September 1, 2023

Industry News

As Voting Begins, CUNA and NAFCU Leaders Continue Push for Merger

August 31, 2023

NCUA

CU Groups Applaud NCUA MDI Program, but Say More Work Needed

August 30, 2023

NCUA

NCUA Will Soon Decide Whether to Adopt Alternating Exams

August 29, 2023

Industry News

Voting Begins on CUNA-NAFCU Merger

August 28, 2023

Industry News

NAFCU Tells Bankers to Leave Credit Unions Alone

August 28, 2023

CFPB

CFPB: Don’t Exempt CUs From Small Business Reporting Rule

August 25, 2023

CDFI Fund

CDFI Fund on Track for Late Fall Re-Launch

August 24, 2023

CFPB

Supreme Court: States Won’t Have Time to Argue in CFPB Funding Case

August 23, 2023

Industry News

Groups Clash Over Discrimination Standard in Automated Valuation Rule

August 23, 2023

Industry News

Economic Liberties Project: Junk Fees Create Unlevel Playing Field

August 22, 2023

NCUA

Conservative Coalition: Abolish NCUA

August 19, 2023

NCUA

Progressive Think Tank: NCUA Should Be Aggressive on Climate Issues

August 18, 2023

CFPB

CFPB to Issue Outline of Rule Governing Data Brokers

August 17, 2023

Industry News

CUNA President: Beware of Retailer Sneak Attack on Interchange Bill

August 16, 2023

NCUA

Harper Reminds Credit Unions About Cyber Reporting Rule

August 15, 2023

Industry News

CUNA’s Nussle to Attend NAFCU Congressional Caucus to Discuss Merger

August 14, 2023

Industry News

Senate Dems: Bank Mergers Must Include ‘Financial Stability’ Review

August 14, 2023

Industry News

N.Y. Federal Judge Muddies CFPB Enforcement Authority Even More

August 11, 2023

CDFI Fund

N.Y. Federal Reserve: Credit Unions Fueling Increase in CDFIs

August 10, 2023

What is Field of Membership

Table of contents

Texas-based community credit union will still serve members while agency works to resolve issues.

The National Credit Union Administration on Friday placed Valwood Park Federal Credit Union in Carrollton, Texas, into conservatorship.

The agency said that it was assuming control of the credit union due to unsafe and unsound practices at the institution. The credit union will continue to serve its members while the NCUA works to resolve the issues, agency officials said.

Member deposits at Valwood Park Federal Credit Union will also remain protected by the NCUA.

More About the Credit Union

Valwood Park FCU is a federally insured, federally chartered community credit union; it has 2,833 members and assets of more than $28 million, according to its latest call report. The credit union serves the cities of Carrollton, Farmers Branch, and Addison in Texas.

Industry News

View All Posts

No items found.