NCUA

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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 25, 2025 ] Report on credit unions’ federal share insurance fund slated Thursday NCUA
[ 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

More info, changes to come for Treasury ECIP; 14-day application period extension to follow

July 9, 2021 0

Treasury plans to make clarifications and amendments to a capital investment program created for community development financial institutions (CDFIs) and minority depository institutions (MDIs) that may be disproportionately affected by the economic impacts of the […]

Policy for Setting the Normal Operating Level

July 6, 2021 0

Title: Policy for Setting the Normal Operating Level Subject: NCUSIF normal operating level (NOL) Agency: NCUA Status: Notice; request for comment Summary: The NCUA Board (Board) is requesting public comments on the policy to set […]

CDFI-sponsored federal credit union in PA is second FCU chartered in 2021

July 6, 2021 0

A new federal credit union (FCU) sponsored by a community development financial institution (CDFI) has been chartered to serve the approximately 550,000-person community of Lancaster County in Lancaster, Pa., the National Credit Union Administration (NCUA) […]

CECL transition rule for credit unions effective Aug. 2

July 1, 2021 0

A final rule permitting federally insured credit unions (FICUs) to phase in over three years the day-one adverse effects on net worth of the current-expected-credit-loss (CECL) accounting methodology is set to take effect Aug. 2, […]

3 former credit union employees barred from future service in insured FIs

July 1, 2021 0

Three former employees of credit unions in Oklahoma, Nevada, and Florida are prohibited from any future service in a federally insured financial institution under actions taken in June by the National Credit Union Administration. The […]

Bell tolls for tiny NJ credit union; members now served by PenFed

July 1, 2021 0

The 219-member, $506,000-in-assets Defense Logistics Federal Credit Union in Dover, N.J., was liquidated Thursday after about a 62-year run. The credit union, chartered in 1959, served civilian and military personnel of the Defense Contract Administration […]

Interagency statement notes first-ever AML/CFT national priorities; rules yet to come

June 30, 2021 0

An interagency statement Wednesday by federal and state financial institution regulators gives supervised institutions a heads up to plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for anti-money laundering […]

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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 on credit unions’ federal share insurance fund slated Thursday

February 25, 2025 0

No regulatory action items are on the brief agenda for Thursday’s open meeting of the National Credit Union Administration (NCUA) Board, though the board is slated to receive a report on the federal share insurance fund and reveal who will [...]
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 [...]

More info, changes to come for Treasury ECIP; 14-day application period extension to follow

Policy for Setting the Normal Operating Level

CDFI-sponsored federal credit union in PA is second FCU chartered in 2021

CECL transition rule for credit unions effective Aug. 2

3 former credit union employees barred from future service in insured FIs

Bell tolls for tiny NJ credit union; members now served by PenFed

Interagency statement notes first-ever AML/CFT national priorities; rules yet to come

Capitalization of interest rule for credit unions effective July 30

OIG reports NCUA has ‘low risk’ of improper payments; next review due in 2023

More than $865 million to be distributed to credit unions as agency closes corporate rescue plan

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

Report on credit unions’ federal share insurance fund slated Thursday

Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception