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 budget of $433 million in 2025 – up 12.2% from the current year’s spending plan – is proposed in a draft posted by the federal credit union regulator on its website Wednesday. The National […]
Four new federally insured credit unions have been chartered so far in 2024, in line with similar growth of new charters over the last three years, the board of the federal credit union regulator was […]
Federally insured credit unions reported 1,072 cyber incidents from Sept. 1, 2023 to Aug. 31 2024, with 70% of those related to the use or involvement of a third-party vendor, credit unions were told by […]
A move across town is in the works for the southern region office of the federal credit union regulator, the agency said Wednesday. The National Credit Union Administration (NCUA) said its regional office, along with […]
Federal financial institution regulators and Florida’s financial regulatory office teamed up in a joint statement Tuesday on their supervisory considerations in addressing the needs of customers and financial institutions affected by Hurricane Milton. In a […]
Federal financial institution regulatory agency efforts to assist banks, credit unions and their communities in areas stricken by Hurricane Helene shifted to a consolidated, coordinated approach Wednesday for regulatory relief as the regulators issued joint […]
Two former credit union workers have been prohibited by their federal regulator from future service in a federally insured financial institution, the regulator said Monday. The National Credit Union Administration (NCUA) said Monica Jackson, the […]
A tool credit unions may use in addressing current expected credit losses (CECL) accounting standards has been updated to provide “life-of-loan” factors, the federal regulator said Monday. The Simplified CECL Tool, the National Credit Union […]
Updated September 30, 2024 Final rules on fair hiring and simplification of federal share insurance for trust accounts were approved by the federal credit union regulator board at its meeting Thursday. Incorporated its Second Chance […]
An inadequate information technology inventory, inconsistency in risk reviews and more are flagged in a recent, independent audit of the National Credit Union Administration’s (NCUA) information security program and practices. The agency’s Office of Inspector […]
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