Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
The number of federally insured credit unions (FICUs) with examination codes of CAMELS 3 rose by six in the quarter ending Sept. 30, according to a report Thursday during the open meeting of the National […]
A final rule that includes federally tax-exempt veterans’ organizations within the definition of “qualified charity” to which credit unions may contribute using a charitable donation account (CDA) was approved Thursday by the board of the […]
The federal credit union regulatory agency is set to hold its public briefing Thursday on its proposed 2024-2025 budget – but not until it holds a regularly scheduled board meeting to act on a final […]
President Joe Biden’s (D) nomination of Tanya Otsuka to be a member of the National Credit Union Administration (NCUA) Board recently moved a step closer toward confirmation. Otsuka’s nomination, along with five others, was approved […]
A new federal credit union (FCU) was chartered in Kentucky, its federal regulator said Wednesday, to serve low- and moderate-income communities in the central part of the state. It is the third FCU chartered in […]
Public comments on a proposed rule to codify the agency’s interpretive rule on credit unions’ hiring of individuals with a previous minor or older criminal offense are due to the National Credit Union Administration (NCUA) […]
Four credit unions have been awarded grants of $100,000 each from their federal regulator in support of “innovative credit union pilot projects,” the agency said Tuesday. The $400,000 in Community Development Revolving Loan Fund (CDRLF) […]
Title: Fair Hiring in Banking Subject: ‘Second chance’ hiring Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) proposes to incorporate its “Second Chance” Interpretive Ruling and Policy Statement 19–1 (IRPS 19–1) and the […]
The draft budget justification detailing the federal credit union regulator’s plans for an overall 9.5% increase in its budget in 2024, and another 9.9% increase for 2025, is out for public comment until Nov. 21. […]
Title: The NCUA Staff Draft 2024-2025 Budget Justification Subject: Agency funding Agency: NCUA Status: Notice Summary: The NCUA’s staff draft “detailed business-type budget” is being made available for public review as required by federal statute. […]
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