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.
Comments are due Feb. 20 on the “overhead transfer rate” (OTR) methodology proposed by the federal credit union regulator at its meeting last month, the agency said Thursday. The OTR is the rate at which […]
A technical correction for calculating and reporting current expected credit loss (CECL) transition amounts on credit union call reports was issued Wednesday by the federal regulator of the cooperatives. “The transition to the CECL methodology […]
Credit unions in 2022 doubled their numbers from the previous year for filing voluntary diversity self-assessments, their federal regulator said Wednesday in releasing a final report on last year’s filings. According to the National Credit […]
The 2024-2025 budget of credit unions’ federal regulator, its liquidity facility for credit unions, and budgetary funding mechanisms make up the action agenda for the Dec. 14 meeting of the agency’s board. The National Credit […]
Delinquency rates are up at credit unions as of the end of the third quarter, their federal regulator said late Thursday – while, at the same time, assets, savings and loans all increased, the agency […]
Filing a late credit union call report will, once again, prompt a fine from their federal regulator starting Jan. 1, the agency said Tuesday. Civil money penalties (CMP) for credit unions for late Form 5300 […]
A semiannual report covering the period of April 1 through Sept. 30 of this year shows a half-dozen inspector general audits in progress at the National Credit Union Administration (NCUA) and a handful of “significant” […]
An independent audit of the federal credit union regulatory agency’s schedule of investments and other taxes and receipts as of Sept. 30, 2023, presents information fairly under generally accepted accounting principles (GAAP), according to a […]
The number of federally insured credit unions (FICUs) with examination codes of CAMELS 3 rose by six in the quarter ending Sept. 30, according to a report Thursday during the open meeting of the National […]
A final rule that includes federally tax-exempt veterans’ organizations within the definition of “qualified charity” to which credit unions may contribute using a charitable donation account (CDA) was approved Thursday by the board of the […]
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