NCUA – Page 29 – Regulatory Report

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[ April 2, 2025 ] Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions FDIC
[ April 2, 2025 ] Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule Other
[ April 1, 2025 ] Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico The Fed
[ April 1, 2025 ] FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing Other
[ April 1, 2025 ] Three state financial institution regulators named to liaison group for Exam Council Other

New federal credit union will serve Episcopal diocese in NY, is third chartered in 2022

November 10, 2022 0

A new federally chartered credit union – New York Episcopal Federal Credit Union in the Bronx, N.Y. – is set to begin operations in early 2023, the National Credit Union Administration (NCUA) said Thursday. The […]

Credit unions need to up their game on diversity, equity and inclusion, agency chairman says

November 2, 2022 0

Noting “concerning” differences in credit unions’ lending to minority members, the board chairman of the federal credit union regulatory agency on Wednesday said credit unions can “and must” do better as an industry. “The differences […]

NCUA notes increase, to 240, in number of credit unions that participated in voluntary diversity self-assessment in 2021

November 1, 2022 0

A small uptick in the percentage of credit unions reporting a leadership and organizational commitment to diversity was one of the results reported Tuesday from the 2021 Credit Union Diversity Self-Assessment (CUDSA) Results Report, which […]

NCUA earns ‘level 4’ rating in latest info security performance audit

October 28, 2022 0

The federal regulator of credit unions earned just shy of the top “maturity” level rating for its information security program for the fiscal year ending Sept. 30, 2022 – and received four recommendations for strengthening […]

Credit union regulator sets board meeting schedule for 2023 with 11 gatherings (again)

October 26, 2022 0

Eleven meetings of the federal credit union regulator’s board is set for 2023 – similar to past, recent years – with monthly meetings set for all months but August, the agency said Wednesday. The National […]

Liquidity facility for credit unions had $1.24 billion in assets Sept. 30

October 20, 2022 0

The facility created by Congress to serve as a source of liquidity for credit unions experiencing unusual or unexpected liquidity shortfalls ended the third quarter with total assets of 1.243 billion, the federal credit union […]

Credit union regulator adopts enterprise risk appetite statement

October 20, 2022 0

The governing board of the federal agency that regulates credit unions on Thursday adopted a new enterprise risk appetite statement that provides agency management and staff guidance on how much risk the agency is willing […]

Credit union regulator updates cybersecurity tools, with slimmed-down requirements

October 18, 2022 0

Updates to a cybersecurity evaluation tool for credit unions was released Tuesday by their federal regulator, the agency said. The National Credit Union Administration (NCUA) said the update to its Automated Cybersecurity Evaluation Toolbox (ACET) […]

Today marks resumption of on-site examination, supervision by NCUA

October 17, 2022 0

With “phase 3” of its phased approach to returning to onsite operations following the a lengthy period of distancing amid the COVID-19 pandemic, the National Credit Union Administration (NCUA) is expected today to resume onsite […]

NCUA sets Wednesday briefing on proposed 2023-2024 budget; agency board meets Thursday

October 14, 2022 0

A public briefing on the federal regulator’s proposed 2023-2024 budget, which shows plans for increases of 8.1% and 10% over the next two years, is slated for 10 a.m. next Wednesday at agency headquarters in […]

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Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions

April 2, 2025 0

Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in a financial institution letter (FIL), [...]
Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule

April 2, 2025 0

Compliance deadlines for certain financial firms to report non-centrally cleared bilateral repurchase (NCCBR) agreement data to the Office of Federal Research (OFR) has been extended under a final rule published Wednesday in the Federal Register. Under the final rule, which [...]
Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico

April 1, 2025 0

An enforcement action that dated back to 2022 against three Irvine, Calif., financial institutions has been terminated by the Federal Reserve, the agency said Tuesday. The Fed said its cease-and-desist actions against Allegiant United Holdings, Nano Financial Holdings, Inc., and [...]
FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing

April 1, 2025 0

Notices providing “red flags” to help financial institutions identify and report potential bulk cash smuggling across the U.S.-Mexico border and financing of ISIS were issued this week by the Financial Crimes Enforcement Network (FinCEN), Treasury’s financial crimes enforcement arm. The [...]
Three state financial institution regulators named to liaison group for Exam Council

April 1, 2025 0

Three state regulators have been named to serve on the liaison council to the umbrella group for federal financial regulators, the group announced Tuesday. The three named to the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council [...]
March disclosure shows 8 banks rated ‘outstanding’ for CRA

April 1, 2025 0

Eighteen banks’ Community Reinvestment Act (CRA) ratings from the national bank regulator became public in March, and of those, eight were ratings of “outstanding” and 10 were “satisfactory,” the agency said. The banks’ CRA evaluation “public disclosure” reports, available on [...]
OCC reverses course on climate-related principles; large banks no longer must follow

March 31, 2025 0

Large financial institutions will no longer have to deal with principles for climate-related financial risk management under a decision issued Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the principles (adopted in [...]
Bureau follows law, makes 2024 loan level data under HMDA available

March 31, 2025 0

Loan-level information for 2024 filed by banks but edited to protect consumer privacy was released Monday by the federal consumer financial protection agency, as required by law. The data, collected under the Home Mortgage Disclosure Act (HMDA) Modified Loan Application [...]
NCUA bars 6 from future work in federally insured financial institutions

March 31, 2025 0

Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday. In all, the agency said it [...]