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.
The July open and closed meetings of the National Credit Union Administration (NCUA) Board have been pushed back two weeks to July 30, the agency announced Wednesday. The meetings were previously slated for July 16. […]
Federally insured credit unions’ total assets grew $132 billion, or 8.8%, over the 12-month period ending March 31, totaling $1.64 trillion, according to first-quarter industry data released Wednesday by the National Credit Union Administration (NCUA) […]
Federal and state regulators on Wednesday urged financial institutions to continue working to transition away from using LIBOR (the London Interbank Offered Rate) as a reference rate in any products, and they said supervision of […]
Title: Strategies for Future Examination and Supervision Utilizing Digital Technology Subject: Examination modernization Agency: NCUA Status: Request for information Summary: The National Credit Union Administration (NCUA) is conducting a comprehensive study of alternative procedures to […]
A former Indiana credit union worker has consented to his prohibition from working at credit unions or any other federally insured financial institution after he allegedly “misapplied” and removed $1.5 million from the credit union. […]
An appeal of a lower court’s earlier decision upholding rules governing membership at credit unions was rejected by the Supreme Court Monday, essentially ending a challenge by the banking industry to the regulator over the […]
An updated list of questions and answers aimed at providing insight to changes to flood insurance requirements under new rules regarding loans in special flood hazard areas were released for comment Friday by federal banking […]
A request for information (RFI) on aspects related to the future of a virtual examination program was issued by the federal regulator of credit unions during its open meeting Thursday for a 60-day comment period. The […]
Nearly 900 credit unions that had membership capital shares in the failed Southwest Corporate Federal Credit Union will share in a $171 asset management estate payout anticipated for July, the first of other payments to […]
Recent spikes of COVID-19 virus in about half of the states nationwide have caused the federal credit union regulator to back off of its phase-in of on-site operations at both the agency and at credit […]
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