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.
An exemption threshold amount for appraisals on mortgages will increase to loans of $26,000 or less (from $25,500 or less), according to a final rule to be published by two federal banking regulators and the […]
Five individuals – including one sentenced to a five-year prison term and restitution order of more than $400,000 — are prohibited from participating in the affairs of any federally insured financial institution, the National Credit […]
An 82-year-old credit union Friday became the fourth nationwide to be liquidated in 2017, the federal regulator of credit unions announced. New York State Employees Federal Credit Union of New York, N.Y., had about $2 […]
Two final rules – on regulatory appeals procedures for appealing material supervisory determinations, and on the agency’s committee for supervisory review– and a proposed regulation on capital planning and stress testing, all from the National […]
Promotion of diversity in credit union memberships and workforces is the theme of a Nov. 2 webinar, which will feature a “how to” session for using the voluntary credit union diversity self-assessment tool, the National […]
Standardizing the loan, deposit, and investment information collected electronically during examinations was proposed by the National Credit Union Administration (NCUA) Board in a request for information issued Thursday; comments are due Jan. 2, 2018. In […]
Removing some of the capital planning and stress testing requirements now applicable to federally insured credit unions with $10 billion or more in assets is the aim of a proposed rule issued for comment by […]
Implementing operational efficiencies to reduce overall staffing requirements, while continuing to invest in information technology and data analytics to improve overall performance, is the strategy that the federal regulator of credit unions has adopted in […]
Appraisal requirements were eased for real estate-related financial transactions in areas declared to be a major disaster – including those affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Maria – by […]
The National Credit Union Administration (NCUA) Board holds a public briefing on its 2018-19 budget, and – the following day – a regular board meeting to consider two final rules, and proposing an additional rule. […]
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