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 $43 million, Georgia credit union will soon be back in the hands of its members after being conserved about two years ago, its federal regulator said Tuesday. Southern Pine Credit Union of Valdosta, Ga., […]
Fintech and cryptocurrency were among the key topics Tuesday of addresses by two members of the National Credit Union Administration (NCUA) Board before a Washington, D.C., audience of credit union leaders and staff. Speaking before […]
Credit unions can expect a review of their overdraft fee programs during examinations this year, their federal regulator’s ultimate intent being to use what’s learned in the reviews for “a more thorough review” next year, […]
A former Ark City Teachers Credit Union employee who allegedly embezzled some $1.024 million from the Arkansas City, Ark., institution is barred from any future involvement in the affairs of a federally insured depository institution […]
More than $560 million will be distributed to more than 2,100 credit union shareholders by their federal regulator, the agency said Monday, in capital and dividends from conserved “corporate” credit unions. The distributions are expected […]
Big or small, financial institutions around the U.S. should be on guard for cyberattacks following Russian’s invasion of Ukraine, and allied responses to it, the federal credit regulator said Thursday. Passing along two alerts from […]
Webinars on changes in the first credit union call report of 2022, and for the regulatory exam rating system, are planned by their federal regulator for March 8 and 10, respectively. The National Credit Union […]
A “streamlined” application process is being phased out for credit unions eligible to be certified as a community development financial institution (CDFI), the federal credit union regulator said Thursday. Instead, the National Credit Union Administration […]
Nondiscrimination requirements under the Equal Credit Opportunity Act (ECOA) and fair lending risk areas related to marital status, age, income consideration, redlining, and indirect lending are the focus of a letter issued Wednesday to credit […]
A New York credit union conserved by state and federal regulators nearly three years ago was returned to the control of its members, the federal credit union regulator said Wednesday. Municipal Credit Union of New […]
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