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.
Simplification of rules for federal savings insurance at credit unions is one of three topics on the federal credit union regulator’s board agenda for the meeting of Oct. 19, the agency said Thursday. The National […]
The president’s nominee to a six-year term on the National Credit Union Administration (NCUA) Board is slated to testify before the Senate Banking Committee Oct. 19, according to the committee’s website. Tanya Otsuka, nominated Sept. […]
The board of the federal credit union regulator will hold 11 meetings in the upcoming year, keeping with its tradition of skipping a meeting in the late summer months. In releasing its meeting schedule for […]
A final rule that updates and clarifies federal rules on credit union loan participations, shifting the regulatory framework from a prescriptive structure to a principles-based system, is slated to take effect Oct. 30, according to […]
Findings of four new weaknesses are detailed in a recent Office of Inspector General (OIG) report on the National Credit Union Administration’s (NCUA) compliance with the Federal Information Security Modernization Act (FISMA) and agency information […]
An updated version of a tool aimed at helping credit unions comply with current-expected-credit-loss (CECL) accounting requirements was released Monday by the National Credit Union Administration (NCUA), intended to be in time for completing call […]
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 […]
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