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.
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), […]
The number of credit unions with lower exam ratings increased in the third quarter, which federal supervisors attributed to the rising interest-rate environment, the federal credit union regulator said Thursday. A report presented to the […]
The federal agency that regulates credit unions on Tuesday closed two small West Virginia credit unions following about a five-week conservatorship for each. The National Credit Union Administration (NCUA) said it liquidated O.F. Toalston Federal […]
Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]
How close the National Credit Union Share Insurance Fund (NCUSIF) is to achieving a staff-projected, year-end equity ratio of 1.3% may be revealed Thursday during the National Credit Union Administration (NCUA) Board open meeting, which […]
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