The federal credit union regulatory agency’s 2022 budget and a final rule on mortgage servicing rights are two of five items slated for consideration by the agency’s board during its open meeting next week. Also […]
The fund that insures member savings in federally insured credit unions had $46.3 million in net income and $19.8 billion in assets in the second quarter of 2021, but the fund’s operating level remained well […]
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 […]
Giving his agency examination and enforcement authority over third-party vendors and making key changes to the structure of the federal savings insurance fund for credit unions were the top legislative requests made to a House […]
Nine areas that will affect the resource needs of of the federal credit union regulator – including monitoring the equity ratio of the savings insurance fund, enhancing the examination program, and building the supervision workforce […]
The federal fund that insures savings in credit unions saw its equity ratio rise four basis points (bp) in the final six months of 2020 to 1.26%, growth that occurred only amid continuing pressure from […]
While four funds administered by the federal credit union regulator all earned unmodified or “clean” audit opinions for 2020, the agency’s inspector general still outlined a number of 2021 challenges for credit unions that could […]
A final rule on what records can be used to support the insured status of a joint ownership share account is slated for action during an open meeting to be held virtually next Thursday by […]
The last time the federal credit union regulator disclosed the equity ratio of the insurance fund that protects credit union member deposits was in September, and that ratio – 1.22% – was 16 basis points […]
The 2021-2022 draft budget for the federal credit union regulator – totaling $342.5 million in 2021 and $364.2 million in 2022 – has been published online, is the subject of a public budget briefing scheduled […]
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