The three-member governing board of the federal agency that regulates credit unions is poised to issue a proposed rule on charitable donation accounts during its open meeting May 25. A bit of background: Charitable donation […]
A final rule on cyber incident notification requirements, a proposal to revise the agency’s chartering and field-of-membership (FOM) manual, and a report on the credit union share (deposit) insurance fund are the three items slated […]
A 2023 budget of $360.4 million – an increase of more than 6% from the previous year – was approved unanimously by the federal credit union regulator’s board Thursday, which also included an additional 18 […]
Action on a proposed 8.1% increase in the agency’s budget for 2023 (and 10% for 2024) and a proposed “financial innovation” rule for credit unions is slated during the Dec. 15 open meeting of the […]
The number of credit unions with lower exam ratings increased in the third quarter, which federal supervisors attributed to the rising interest-rate environment, the federal credit union regulator said Thursday. A report presented to the […]
How close the National Credit Union Share Insurance Fund (NCUSIF) is to achieving a staff-projected, year-end equity ratio of 1.3% may be revealed Thursday during the National Credit Union Administration (NCUA) Board open meeting, which […]
The federal fund that insures shares (savings) in credit unions closed 2021 at an equity ratio (reserves to insured shares) of 1.26% and is expected to dip slightly to 1.25% by June 30, agency staff […]
Seven credit unions failed in 2021, costing the federal credit union savings insurance fund more than $5 million, the agency that oversees the fund said Wednesday. While the seven failures were the most in three […]
“Clean” audit opinions were given to four funds operated by the federal credit union regulator, the agency said Tuesday. The unmodified audited financial statements are for the four funds run by the National Credit Union […]
The “normal operating level” (NOL) – or target equity ratio – for the federal fund that insures depositors’ money in credit unions will drop five basis points, from 1.38% to 1.33%, as of Jan. 1 […]
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