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.
No date appears to have been set yet for a Senate Banking Committee hearing on the president’s nomination Sept. 21 of Tanya Otsuka to succeed Rodney Hood as a member of the National Credit Union […]
Action on proposed updates to the agency’s rules on loan participation and a report on the credit union share insurance fund are slated next Thursday by the federal regulator of credit unions. The proposed rule, […]
Warning signs for credit unions include interest rate and liquidity risks, rising delinquency rates, growing balances on home equity lines of credit and other second liens, and increasing net charge-off ratios, the chairman of the […]
A $76 million distribution to credit unions that were paid-in capital shareholders of the former U.S. Central Corporate Federal Credit Union is scheduled to be completed before the end of this month, the National Credit […]
A note of “cautious optimism” was struck by the chairman of the federal credit union regulatory agency Thursday regarding second-quarter call report data from federally insured credit unions (FICUs). National Credit Union Administration (NCUA) Board […]
A petitioner who reportedly sought to form a federally chartered credit union to serve a community with a population exceeding 5 million failed to submit information that would show the institution to be viable and […]
Credit unions can learn how to participate in the IRS Volunteer Income Tax Assistance (VITA) program during a webinar slated Sept. 7 and co-hosted by the IRS and National Credit Union Administration (NCUA). The NCUA […]
Federal and Hawaii state financial institution regulators pledged Thursday to provide appropriate regulatory assistance to supervised banks and credit unions affected by the Hawaii wildfires. In a joint statement, the agencies – the Federal Reserve […]
The wildfires affecting Hawaii as well as severe storms and tornadoes in Mississippi drew statements from federal bank and credit union regulatory agencies about available regulatory relief and authorization to close offices until conditions are […]
Three recommendations to bring the federal credit union regulatory agency’s quality assurance program (QAP) into full compliance with its own National Supervision Policy Manual (NSPM) are provided in an inspector general report dated Aug. 8 […]
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