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 meeting of the National Credit Union Administration (NCUA) Board is set Thursday to address a board appeal and will be closed under “exemption (8),” according to the meeting notice. Credit unions are permitted under […]
Actions taken by the federal credit union regulator in April – extending temporary provisions giving credit unions some regulatory relief from savings surges during the coronavirus crisis – were reinforced by the agency Friday in […]
Federally insured credit unions’ (FICUs) net interest margin showed its steepest quarterly decline in a year in first-quarter 2021 data released Friday by the institutions’ federal regulator. The trend is similar to what the Federal […]
The Community Development Revolving Loan Fund (CDRLF) was able to fund just about half of the $7.6 million in total requests for technical assistance grants and loans from low-income-designated credit unions last year, according to […]
Credit unions should ensure their policies, procedures, and training materials promote compliance with federal equal credit opportunity laws and Regulation B, which is administered by the federal consumer financial protection agency, in line with a […]
Title: Derivatives Subject: Derivatives Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the NCUA’s Derivatives rule. The Board issued a proposed Derivatives rule at its October 2020 meeting. This final rule […]
The $3.04 million-in-assets, 343-member Empire Financial Federal Credit Union of Jackson, N.J., was placed in conservatorship Monday by the National Credit Union Administration (NCUA), the agency announced, citing “unsafe and unsound practices” at the institution. […]
The delay to Oct. 1, 2022, of the mandatory compliance date of the general qualified mortgage (QM) final rule is the subject of a regulatory alert issued by the federal credit union regulator Monday. NCUA […]
A final rule to modernize and make its derivatives rule for federal credit unions more principles-based was approved on a vote of 3-0 by the National Credit Union Administration (NCUA) Board, which made three changes […]
Credit unions continue to be spared a federal share insurance premium, for now. The equity ratio of the federal fund that insures savings in credit unions is projected to drop to 1.22% by this June […]
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