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Press Releases and Statements

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Members of the media can access press statements and other information related to the collapse of the New York City taxi medallion market and the NCUA’s response.

For more information, please contact the NCUA’s Office of External Affairs and Communications at 703.518.6330 or by email at

Press Release

NCUA Completes Taxi Medallion Loan Sale

The NCUA took this action after thorough research and careful consideration, determining the sale as the most appropriate action to ensure the agency meets its statutory obligation under the Federal Credit Union Act to achieve the least, long-term cost to the National Credit Union Share Insurance Fund.

Frequently Asked Questions

Frequently Asked Questions on the NCUA’s Sale of Its Taxi Medallion Portfolio

Frequently Asked Questions about Taxi Medallion Lending and the NCUA’s Supervision and Response to the Medallion Market Collapse

Other Press Releases

August 30, 2019

NCUA Issues Prohibition Notices and Order

November 16, 2018

Six Credit Union Failures Through Sept. 30

October 1, 2018

LOMTO Federal Credit Union Closes; Teachers Federal Credit Union Assumes Members, Most Shares, and Some Loans

August 31, 2018

Melrose Credit Union Closes; Teachers Federal Credit Union Assumes Members, Shares, and Some Loans and Other Assets

August 7, 2018

NCUA Files Notice of Charges Against Former Melrose CEO

February 28, 2018

First Jersey Credit Union Closes; USALLIANCE Assumes Shares and Loans

June 26, 2017

LOMTO Federal Credit Union Conserved

February 10, 2017

Melrose Credit Union Conserved

March 31, 2016

Montauk Credit Union Merges into Bethpage Federal Credit Union

February 3, 2016

Montauk Credit Union Addressing Challenges

September 18, 2015

Montauk Credit Union Conserved

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