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.
Federally insured credit unions (FICUs) saw growth in total assets of 5.8% ($79 billion) to $1.43 trillion during the 12-month period ending June 30, while lending was up 9.8% ($89 billion) to a total of […]
President Donald Trump’s appointees to each of the four federal bank and credit union regulatory agencies will testify together for the first time during a Senate Banking Committee hearing next week on implementation of the […]
The National Credit Union Administration (NCUA) on Tuesday said it has selected Robert Foster, to serve as its chief information officer (CIO) beginning Oct. 14. He has served as the agency’s deputy CIO since August […]
The federal regulator of credit unions is revising its call report and profile to bring it up to date with recent changes in accounting standards and other modifications in reporting requirements. The National Credit Union […]
A $1.1 billion New York City-area credit union — hobbled by the collapse of the taxicab medallion market in which it had been heavily involved, as well as charges by the agency of executive misconduct […]
Three former employees of credit unions (including two that were liquidated in recent years) are prohibited from future participation in the affairs of any federally insured financial institution under orders published online by the National […]
Stanley D. Hayes, a former employee of the now-defunct Valley State Employees Credit Union (Saginaw, Mich.), has been barred by the federal regulator of credit unions from any future participation in the affairs of a […]
The federal regulator of credit unions is making some changes to its consumer complaints records system, including a change allowing information to be shared with other agencies when necessary to respond to a data breach. […]
A federal charter and share insurance fund coverage for the new Everest Federal Credit Union (Jackson Heights, N.Y.), a credit union serving Nepali Americans, has been granted by the National Credit Union Administration, the agency […]
A letter outlining examination expectations under the Financial Crimes Enforcement Network’s (FinCEN) beneficial ownership rule was issued Monday by the National Credit Union Administration and indicates the agency’s examiners will accept reasonable, good faith efforts […]
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