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.
Title: Central Liquidity Facility Subject: Central Liquidity Facility; coronavirus response Agency: NCUA Status: Interim final rule; request for comments Summary: In response to the COVID-19 pandemic, the NCUA Board (Board) is issuing this interim final […]
Changes to various lending and risk-based capital requirements at credit unions under various emergency programs developed to combat the financial impact of the coronavirus crisis are outlined and summarized in a letter from the federal […]
The Democratic member of the National Credit Union Administration (NCUA) Board last week outline five priorities for congressional action to better equip the agency to contain the impact on the credit union industry of the […]
Grants of up to $25,000 each are available to help small institutions establish mentoring programs with larger, low-income-designated credit unions to “provide expertise and guidance in serving low-income and underserved populations,” the federal credit union […]
Title: Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Subject: Capital; member business lending Agency: NCUA Status: Interim final rule; request for comments Summary: The NCUA Board (Board) is issuing […]
Recent changes in credit unions’ federal appraisal requirements and changes specifically affecting federally backed mortgage loans – most of them responding to disruptions brought by the coronavirus pandemic – are detailed in a new letter […]
Loans made through the paycheck protection program will receive a 0% risk weight under regulatory risk-based net worth requirements, the federal credit union regulator said Wednesday, and will not be counted toward the credit union […]
A new ethics office – established in the wake of lurid accounts of actions by senior staff that became public last month – was announced Wednesday by the federal credit union regulator, following up on […]
A webinar slated Thursday by the federal bank and credit union regulatory agencies will answer the question of how banks and credit unions can be lenders in the Small Business Administration (SBA) Paycheck Protection Program […]
Title: Temporary Regulatory Relief in Response to COVID-19 Subject: Loan participations Agency: NCUA Status: Temporary final rule Summary: The NCUA Board (Board) is temporarily modifying certain regulatory requirements to help ensure that federally insured credit […]
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