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.
Title: Subordinated Debt Subject: Subordinated debt; secondary capital Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the Subordinated Debt rule, which the Board finalized in December 2020 with an effective date […]
More time – 30 days – is allowed for comments on the federal credit union regulator’s request for information about the impact of activities connected to digital assets and related technologies, according to a notice published […]
A hearing on the reappointment of the chairman of the board for the federal credit union regulator is set for Thursday, the Senate Banking Committee said Monday. According to the committee’s website, the hearing for […]
“Critical information” for compliance with expiring pandemic-era protection programs for homeowners is addressed in a Letter to Credit Unions from their federal regulator Monday. The National Credit Union Administration (NCUA) letter, sent to all federally […]
Seven new positions will be added to the employee roster of the federal credit union regulator following a “midsession” budget review by the agency board Thursday. The money to pay for the positions was realized […]
While credit unions’ assets grew and failures declined over the past 10 years, the inspector general at the National Credit Union Administration (NCUA) “commonly cited” weaknesses or failures in NCUA oversight as one of the […]
Federally insured, state-chartered credit unions (FISCUs) in Oregon will continue to be exempt from federal rules on credit union member business lending (MBL) under action Thursday by the National Credit Union Administration (NCUA) Board. The […]
The fund that insures member savings in federally insured credit unions had $46.3 million in net income and $19.8 billion in assets in the second quarter of 2021, but the fund’s operating level remained well […]
A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule taking effect Jan. 1 – was approved unanimously […]
Three final rules will be taken up – one each from October through December – affecting permissible activities by credit union service organizations (CUSOs), the definition of shared facilities, and the purchase of mortgage servicing […]
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