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.
Penalties for filing call reports late for the second quarter of 2017 were agreed to by 39 federally insured credit unions for total fines of $10,150, the National Credit Union Administration (NCUA) said Friday. The […]
A new credit union – with an estimated membership potential of 283,000 – has been chartered in North Carolina, and will operate under a broad charter serving employees of local government in the state, with […]
Credit unions in Idaho and Vermont showed the biggest surge in asset growth in the year ended Sept. 30, according to state figures from the end of the third quartered reported Wednesday by the National […]
Issued in concert with federal banking regulators, a letter providing guidance for institutions affected by a major disaster – including hurricanes and flooding – has been published by the federal regulator of credit unions. Overall, […]
A $28 million Kentucky credit union was placed into conservatorship Friday to give it time to “allow the credit union to continue regular operations with experienced management in place and to correct operational weaknesses,” the […]
Financial regulators should continue to ensure that financial institutions have sufficient capital and liquidity to reduce threats to economic and financial shocks, the federal umbrella group for the regulators said in its annual report, released […]
Final rules that would change the time range for considering credit union insolvency through emergency mergers, and some reorganization of the federal agency for credit unions, were both approved unanimously Thursday by the National Credit […]
Credit union lending was up nearly 11% over the year ending Sept. 30, 2017, and memberships continued to surge, posting more than a 4% increase over the same period, according to figures released Wednesday by […]
Losses piling up from credit union loans for taxi cab medallions that are falling in value may require the federal fund that insures savings in credit unions to increase loss reserves, a member of the […]
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 […]
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