NCUA – Page 131 – Regulatory Report

What's up

[ January 3, 2025 ] Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings Data
[ January 2, 2025 ] Three banks earn ‘outstanding’ ratings for CRA compliance as agency closes out reporting for year OCC
[ December 31, 2024 ] Two former credit union workers prohibited from financial institution work, leadership NCUA
[ December 30, 2024 ] Credit union regulator gives green light for some to use investment pilot program NCUA
[ December 30, 2024 ] Agencies, again, extend ‘discretion’ to 2026 on acting against investment funds that own banks FDIC

NCUA (finally) gets new seal after nine-year wait (and 46 years of previous mark)

December 9, 2017 0

A new “seal of office” for the regulator of federal credit unions was signed off on by President Donald Trump Friday, who issued an order which calls for imposition of an eagle, three stars (representing […]

Board to consider agency reorganization, emergency mergers rules

December 7, 2017 0

Final rules on reorganization of the agency and emergency mergers will be the main events of the NCUA Board when it meets in open session Dec. 14 in Alexandria, Va. In July, the board announced […]

5th credit union in 2017 liquidated

December 5, 2017 0

A $55 million-in-assets credit union in Alabama became the fifth federally insured credit union to be liquidated in 2017; the 11,500 members and their savings and loans were merged into a Louisiana credit union, the […]

Emphasizing ‘it’s not a rule,’ agency letter highlights voluntary diversity checklist completion deadline

December 4, 2017 0

Completion of a voluntary self-assessment checklist for gauging diversity at credit unions in business practices and hiring is due before Dec. 30 from federally insured credit unions – especially those with 100 or more employees […]

Eight prohibited from financial institutions by credit union regulator

November 30, 2017 0

Eight individuals, through three prohibition orders and five notices of prohibition, were prohibited from participating in the affairs of any federally insured financial institution in November by the National Credit Union Administration (NCUA). In addition, […]

Agency awards more than $500k in grants for outreach to underserved credit union members

November 29, 2017 0

More than half a million dollars in grants to support outreach to underserved members have been awarded to 23 credit unions in 17 states, the National Credit Union Administration (NCUA) announced Wednesday. According to the […]

Board OKs $321M budget for 2018, up slightly from previous year

November 17, 2017 0

A budget of $321 million for 2018 – up less than 1% from the previous year – was approved by the National Credit Union Administration (NCUA) Board Thursday, reflecting what the agency calls “significant steps […]

Senators reach agreement on reg relief legislative package

November 13, 2017 0

Thirty-two items under five sections are outlined under Senate financial institution regulatory relief, as sponsored Monday by eight Republicans, eight Democrats and one independent. A key portion of the regulatory relief package: Section 401, which […]

Credit union regulator board releases 2018 schedule

November 13, 2017 0

Meetings are set to be held in 11 of 12 months during 2018 – all on Thursdays as in recent years — by the National Credit Union Administration (NCUA) Board, according to a schedule released […]

Agency to consider budget, funding methodology, new rule at Nov. 16 meeting

November 9, 2017 0

Final approval of its 2018-19 budget, as well as a final rule on corporate credit unions and the methodology used for transferring funds from the savings insurance fund to cover expenses related to that fund […]

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Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings

January 3, 2025 0

Five banks – including eighth largest in the nation — were rated “outstanding” in their lending to low- and moderate-income (LMI) borrowers following examinations for anti-redlining rules; one bank was rated “needs improvement,” according to results for October released Friday [...]
Three banks earn ‘outstanding’ ratings for CRA compliance as agency closes out reporting for year

January 2, 2025 0

Three banks earned “outstanding” ratings in December for their efforts to make loans in low- and moderate-income (LMI) areas, the regulator of national banks said Thursday. The banks are The First National Bank of Sparta (Sparta, Ill.), First Seacoast Bank [...]
Two former credit union workers prohibited from financial institution work, leadership

December 31, 2024 0

Two former credit union workers in Virginia and Georgia were the subjects of prohibition actions in December, the federal regulator said Tuesday. The actions permanently prohibit both from participating in the affairs of any federally insured depository institution (although both [...]
Credit union regulator gives green light for some to use investment pilot program

December 30, 2024 0

Up to 30 complex federal credit unions (FCUs) will be allowed to engage in investment activities prohibited under portions of federal rules – but permitted by statute – under a pilot program approved Monday by the board of the federal credit [...]
Agencies, again, extend ‘discretion’ to 2026 on acting against investment funds that own banks

December 30, 2024 0

Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made the announcement Friday. The agencies [...]