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.
Proposals on “alternative capital” and adjustments for inflation to civil money penalties were issued for comment by the NCUA Board at its Thursday meeting, in a short but significant session. In issuing an “Advanced Notice […]
Cybersecurity and Bank Secrecy Act compliance are at the top of the list of priorities for NCUA in its supervisory agenda for the New Year, according to a “Letter to Credit Unions” (LTCU 17-CU-01) issued […]
Annual required “reaffirmation” by credit union service organizations (CUSOs) must be completed between Feb. 1 and March 31 with the NCUA’s CUSO registry, the agency announced today. In a release, the agency noted that CUSOs […]
Changes to the NCUA’s quarterly call report and credit union profile – in particular, to capture information about member business loans/commercial lending – have been proposed by the agency in a Federal Register notice. Comments […]
Suggested steps for management to consider in preparation for implementation of the new current expected credit loss (CECL) accounting standard are among the items listed in a “frequently asked questions” document issued Dec. 19 by […]
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