NCUA – Page 133 – Regulatory Report

What's up

[ December 2, 2024 ] Report calls evaluation of sexual harassment at FDIC ‘among most important’ for agency OIG FDIC
[ December 2, 2024 ] Of 19 banks evaluated under CRA, 3 deemed ‘outstanding,’ OCC reports OCC
[ December 2, 2024 ] Agencies set CRA evaluation schedules for 1st, 2nd quarters of 2025 FDIC
[ November 29, 2024 ] Referral agent to RI bank barred, ordered to pay $1 million, for loan application violations FDIC
[ November 27, 2024 ] OCC increases assessment rates for 2025; asset cap for problem-bank surcharge calculation upped to $250 billion OCC

Board votes to merge funds by Oct. 1, setting stage for millions of $ in rebates

September 28, 2017 0

A fund set up to stabilize corporate credit unions in the wake of the economic downturn will be merged Oct. 1 with the National Credit Union Share Insurance Fund (NCUSIF), setting the stage for credit […]

Letter outlines updates to CECL FAQs – and reiterates ‘take steps in advance’

September 27, 2017 0

Credit unions need to take steps in advance to ensure they can implement the new “current expected credit loss” (CECL) accounting standard, even though the new standard doesn’t take effect until Dec. 31, 2021, the […]

Agency outlines resources, assistance available to hurricane-affected CUs in Puerto Rico, USVI

September 27, 2017 0

The 13 federally insured credit unions in hurricane-ravaged Puerto Rico and the Virgin Islands have access to resources, including grants, the National Credit Union Administration (NCUA) said in a notice Tuesday. The credit union agency […]

$39.5 million awarded to 56 CUs for community development

September 21, 2017 0

Awards totaling $39.5 million will be awarded to 56 federally insured credit unions from the Community Development Financial Institutions (CDFI) Fund, with nearly half (27) of the credit unions being first-time awardees, NCUA announced Thursday. According […]

Board to decide on merging funds, distributions

September 21, 2017 0

Adoption of a final rule to merge the federal credit union savings insurance fund with a fund set up to stabilize “corporate” credit unions in the wake of the financial crisis will be considered by […]

Credit unions urged to take precautions as ‘Maria’ approaches

September 19, 2017 0

Saying that it will be ready to assist credit unions with maintaining or restoring operations if necessary, the National Credit Union Administration (NCUA) Tuesday urged its supervised institutions in the path of Hurricane Maria to […]

GRAPHIC: FCU charters issued; 1983-2017

September 19, 2017 0

Infographic shows, in five-year blocks, the number of charters issued by the NCUA, 1983-2017; two formats offered: PNG and JPG JPG version (258kb; 905×897) PNG version (119kb; 543×534)

New credit union chartered in CO to serve solar energy enthusiasts

September 18, 2017 0

A new federal credit union has been chartered in Colorado to serve members of the American Solar Energy Society, the NCUA announced today. Clean Energy Federal Credit Union of Boulder will serve 4,300 members of […]

Credit unions grow in loans, savings, assets; but membership uneven

September 14, 2017 0

All states reported positive asset, loan and savings growth for credit unions at mid-year, but membership growth continues to be uneven, with larger credit unions continuing to lead in state, while others saw little or […]

House removes NCUA from budget oversight proposal

September 13, 2017 0

The House approved a spending plan Thursday that no longer includes a provision rolling the NCUA budget under the congressional appropriations process. On Wednesday, lawmakers approved an amendment to the 2018 Department of the Interior, Environment, […]

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Report calls evaluation of sexual harassment at FDIC ‘among most important’ for agency OIG

December 2, 2024 0

The evaluation report on the sexual harassment scandal at the federal insurer of bank deposits was termed “among the most important” issued by the agency’s inspector general, it said Monday. In its semiannual report to Congress for the period April [...]
Of 19 banks evaluated under CRA, 3 deemed ‘outstanding,’ OCC reports

December 2, 2024 0

Three of the 19 banks whose Community Reinvestment Act evaluation ratings became public in November were rated “outstanding” by their federal regulator, according to a release Monday. The Office of the Comptroller of the Currency (OCC) said it gave ratings [...]
Agencies set CRA evaluation schedules for 1st, 2nd quarters of 2025

December 2, 2024 0

Nearly 600 banks are scheduled to receive their Community Reinvestment Act (CRA) evaluations sometime during the first or second quarters of 2025, according to schedules released by two regulators. The Office of the Comptroller of the Currency (OCC) schedule shows [...]
Referral agent to RI bank barred, ordered to pay $1 million, for loan application violations

November 29, 2024 0

A referral agent for a Rhode Island bank was prohibited from further bank employment and ordered to pay $1 million in restitution for “violations of regulations” and unsafe and unsound practices, the federal insurer bank deposits said Friday. In publicly [...]