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.
A 2023 budget of $360.4 million – an increase of more than 6% from the previous year – was approved unanimously by the federal credit union regulator’s board Thursday, which also included an additional 18 […]
Providing additional flexibility for credit unions to use “advanced technologies and opportunities” in lending that is offered through financial technology (fintech) firms is the stated goal of a proposed rule issued Thursday by the federal […]
The $8 million-in-assets Richmond City Employees Federal Credit Union, Richmond, Ind., was placed in conservatorship Monday by the federal regulator of credit unions, the agency said in a release. The National Credit Union Administration (NCUA), […]
Third-quarter data show that federally insured credit unions (FICUs) grew loans $235 billion (19.2%) to a total of $1.46 trillion, and shares and deposits $89 billion (5.6%) to $1.69 trillion, over the 12-month period ending […]
Action on a proposed 8.1% increase in the agency’s budget for 2023 (and 10% for 2024) and a proposed “financial innovation” rule for credit unions is slated during the Dec. 15 open meeting of the […]
Federally chartered credit unions will lose the “flexibility” at year’s end to hold their membership and director meetings completely virtually, their regulator told them Wednesday. The National Credit Union Administration (NCUA), in a letter to […]
The office that carries out the agency’s work related to credit union liquidations, conservatorships, recoveries, and various consulting and training activities is being moved out of the Southern Region and will once again be an […]
A small, Yonkers, N.Y., credit union agreed to a cease-and-desist order from its federal regulator this month – but that’s about all the details the agency would release in a report issued Wednesday. According to […]
Three nominees for the board of the federal insurer of bank deposits – including those for chairman and vice chairman – offered their views to a Senate committee Wednesday as their nominations are considered for […]
A new credit union in Montana serving primarily native Americans is now chartered, the federal credit union regulator said Monday. According to the National Credit Union Administration (NCUA), The Morning Star Federal Credit Union (FCU), […]
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