NCUA – Page 134 – Regulatory Report

What's up

[ April 4, 2025 ] Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC FDIC
[ April 2, 2025 ] Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions FDIC
[ April 2, 2025 ] Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule Other
[ April 1, 2025 ] Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico The Fed
[ April 1, 2025 ] FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing Other

Agency changes timelines on emergency mergers, reorganizes some offices in headquarters

December 14, 2017 0

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 unions expand lending, memberships at 3Q ‘17

December 13, 2017 0

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 from loans for taxi medallions may lead to increase in reserves for credit union insurance fund

December 11, 2017 0

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 […]

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 […]

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Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC

April 4, 2025 0

Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in releasing its April grades. The [...]
Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions

April 2, 2025 0

Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in a financial institution letter (FIL), [...]
Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule

April 2, 2025 0

Compliance deadlines for certain financial firms to report non-centrally cleared bilateral repurchase (NCCBR) agreement data to the Office of Federal Research (OFR) has been extended under a final rule published Wednesday in the Federal Register. Under the final rule, which [...]
Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico

April 1, 2025 0

An enforcement action that dated back to 2022 against three Irvine, Calif., financial institutions has been terminated by the Federal Reserve, the agency said Tuesday. The Fed said its cease-and-desist actions against Allegiant United Holdings, Nano Financial Holdings, Inc., and [...]
FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing

April 1, 2025 0

Notices providing “red flags” to help financial institutions identify and report potential bulk cash smuggling across the U.S.-Mexico border and financing of ISIS were issued this week by the Financial Crimes Enforcement Network (FinCEN), Treasury’s financial crimes enforcement arm. The [...]
Three state financial institution regulators named to liaison group for Exam Council

April 1, 2025 0

Three state regulators have been named to serve on the liaison council to the umbrella group for federal financial regulators, the group announced Tuesday. The three named to the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council [...]
March disclosure shows 8 banks rated ‘outstanding’ for CRA

April 1, 2025 0

Eighteen banks’ Community Reinvestment Act (CRA) ratings from the national bank regulator became public in March, and of those, eight were ratings of “outstanding” and 10 were “satisfactory,” the agency said. The banks’ CRA evaluation “public disclosure” reports, available on [...]
OCC reverses course on climate-related principles; large banks no longer must follow

March 31, 2025 0

Large financial institutions will no longer have to deal with principles for climate-related financial risk management under a decision issued Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the principles (adopted in [...]
Bureau follows law, makes 2024 loan level data under HMDA available

March 31, 2025 0

Loan-level information for 2024 filed by banks but edited to protect consumer privacy was released Monday by the federal consumer financial protection agency, as required by law. The data, collected under the Home Mortgage Disclosure Act (HMDA) Modified Loan Application [...]