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 small federal credit union that was placed into conservatorship in January 2023, and which apparently has a new management team in place, has been returned to the control of its members, its federal regulator […]
An updated “simplified” tool for calculating current expected credit losses (CECL) at smaller credit unions was released Wednesday by their federal regulator, the agency said. The National Credit Union Administration (NCUA) said its Simplified CECL […]
The public meeting of the federal credit union regulator board, set for Thursday (March 27), is now cancelled, according to a notice posted on the agency’s website over the weekend. However, according to recent reporting, […]
Growing signs of concern in loan performance and earnings in 2024 across all credit unions and individual institutions are cited in their federal regulator’s annual report, issued Tuesday by the agency. The National Credit Union […]
An inspector general report on the federal credit union regulator’s liquidity facility for credit unions suggests that the regulator determine whether to seek to extend the due date for member credit unions’ annual stock adjustment […]
A decision to rescind a requirement that credit unions publicly disclose the fees they charge for overdrafts has caused a rift along partisan lines among members of the three-person board that oversees the federal credit […]
Delinquencies at credit unions in 2024 rose by 15 basis points (bp), to 0.98% of loans, compared to the previous year, their federal regulator said Tuesday in releasing year-end financial performance statistics. National Credit Union […]
Heritage Hub Federal Credit Union of Houston, Texas, will open its doors in mid-2025 to primarily serve people who live, work, worship, or attend school in an 84-census-tract community within Harris County, the federal agency […]
Credit unions’ federal regulator is ending its one-year-old requirement that credit unions with more than $1 billion in assets report their year-to-date overdraft and non-sufficient fund (NSF) fee income, the agency says. The National Credit […]
A former employee of Altana Federal Credit Union in Billings, Mont., is barred from any future work in federally insured financial institutions under a consent prohibition order by the National Credit Union Administration (NCUA). The […]
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