NCUA – Page 45 – Regulatory Report

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[ February 25, 2025 ] Banks bump up profitability in fourth quarter with net income of $66.8 billion; ROA also sees a jump FDIC
[ February 21, 2025 ] Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance NCUA
[ February 21, 2025 ] FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception FDIC
[ February 20, 2025 ] GAO urges regulators to adopt rules on executive incentive compensation (after 14 years) FDIC
[ February 20, 2025 ] Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board The Fed

GAO: Room for improvement in NCUA supervision of credit unions

September 24, 2021 0

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 […]

Oregon MBL rule gets the OK from federal credit union regulator

September 23, 2021 0

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 […]

Share insurance fund at 1.23% as of June 30, NCUA reports

September 23, 2021 0

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 […]

Proposal gives some credit unions more room to participate in subordinated debt

September 23, 2021 0

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 […]

Voting 2-1, credit union regulator’s board queues up 3 final rules for action before year-end

September 23, 2021 0

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 […]

Small S.C. credit union becomes third credit union of year closed

September 20, 2021 0

A small Charleston, S.C., credit union became the third to be liquidated this year by the federal credit union regulator late last week, as the agency determined it was insolvent and had no prospect for […]

Credit union regulator to consider another proposed rule on subordinated debt at monthly meeting

September 16, 2021 0

A proposed rule on subordinated debt will be on the agenda of the federal credit union regulator’s board when it meets Sept. 23, according to an agenda published Thursday by the agency. According to the […]

Credit union regulator releases Q2 state data report

September 15, 2021 0

A report that provides a state-by-state look at second quarter 2021 data from credit unions’ call reports, focusing on median growth trends, was released Wednesday by the federal credit union regulator. The National Credit Union […]

NCUA to launch post-exam survey pilot Sept. 20 to garner feedback from credit unions

September 15, 2021 0

A survey pilot set to launch Monday and administered by the agency’s ombudsman will seek input from credit unions on the agency’s pre-examination, reporting, and post-examination requirements, the National Credit Union Administration (NCUA) said in […]

$100k in MDI mentoring grants available to eligible credit unions, NCUA says

September 15, 2021 0

The federal regulator of credit unions is making $100,000 available for minority depository institution (MDI) mentoring grants to eligible credit unions, the agency announced Wednesday. The National Credit Union Administration (NCUA) said federally insured credit […]

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Banks bump up profitability in fourth quarter with net income of $66.8 billion; ROA also sees a jump

February 25, 2025 0

Net income of $66.8 billion for the fourth quarter of last year was posted by the nation’s banks, the federal insurer of bank deposits said Tuesday, while also noting that return on assets (ROA) – the basic yardstick of profitability [...]
Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

February 21, 2025 0

A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office. The report by the [...]
FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception

February 21, 2025 0

After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are seeking a primary purpose exception [...]