Regulatory Report
Regulatory Report
  • The Fed
  • FDIC
  • OCC
  • NCUA
  • CFPB
  • Other
What's up
  • [ October 30, 2026 ] Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program FDIC
  • [ October 30, 2026 ] Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure FDIC
  • [ October 30, 2026 ] Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services NCUA
  • [ October 30, 2026 ] 2 former TX, IL credit union employees barred by NCUA NCUA
  • [ October 28, 2026 ] NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop NCUA
HomeFederal financial regulationNCUAFinal charitable donations account rule slated for NCUA Board action Thursday; 2024-2025 budget briefing later same day

Final charitable donations account rule slated for NCUA Board action Thursday; 2024-2025 budget briefing later same day

November 13, 2023 NCUA 0

The federal credit union regulatory agency is set to hold its public briefing Thursday on its proposed 2024-2025 budget – but not until it holds a regularly scheduled board meeting to act on a final charitable donations rule and receive a report on credit unions’ federal deposit insurance fund.

The National Credit Union Administration (NCUA) Board is set to hold its open meeting at 10 a.m. Thursday in the agency’s board room at its Alexandria, Va., headquarters. The budget briefing is set for 2 p.m. in the “event center” on the lobby level.

The open board meeting has a brief agenda: first, a briefing on the National Credit Union Share Insurance Fund (NCUSIF), then action on a final rule on charitable donation accounts.

If adopted as proposed, the revised charitable donations rule will specifically include veterans’ organizations – as defined under section 501(c)(19) of the Internal Revenue Code – within the NCUA’s definition of a “qualified charity” to which a federal credit union may contribute using a charitable donation account (CDA).

The 2 p.m. budget briefing will focus on the agency’s draft “budget justification,” which points to an overall 9.5% increase in the NCUA budget in 2024 and another 9.9% increase in 2025.

The NCUA will be funding its three budgets overall: operating, capital, and National Credit Union Share Insurance Fund administration. The three combined represent a budget total of approximately $394.51 million, up from the 2023 budget total of $360.4 million. In 2025, the agency expects to raise its total budget to $433.6 million.

The budget justification was released last month and published in the Nov. 1 Federal Register. The NCUA will continue to take public comments on the proposed budget until Nov. 21.

Nov. 16 NCUA Board meeting/budget briefing agenda

Reg Lookup: The NCUA Staff Draft 2024-2025 Budget Justification

Related

Today

  • Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

    October 30, 2026 0
    A Kansas bank must pay a $2.5 million civil money penalty (CMP) for its failure to maintain an effective anti-money laundering (AML) program, the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), CBW Bank [...]
  • Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

    October 30, 2026 0
    A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal bank deposit insurance agency issued [...]
  • Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

    October 30, 2026 0
    Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country. The National Credit Union Administration (NCUA) said [...]
  • 2 former TX, IL credit union employees barred by NCUA

    October 30, 2026 0
    Two former employees of credit unions — one in Texas, the other in Illinois — are barred from any future service in federally insured depository institutions under prohibition orders announced Friday by the National Credit Union Administration (NCUA). The two [...]
  • NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop

    October 28, 2026 0
    Growth in employee compensation, contracted services and administrative expenses for the National Credit Union Share Insurance Fund (NCUSIF) are the key factors behind the federal credit union regulator’s proposed 2027 budget of $325.4 million, the agency said. In its proposal [...]
  • FDIC names new COO with experience mostly from law enforcement agencies

    October 26, 2026 0
    A new chief operating officer (COO) for the federal bank deposit insurance agency has been named, who brings experience largely from law enforcement, the regulator said Monday. Five others were also named to senior positions, the Federal Deposit Insurance Corp. [...]
  • Interest rate risk report exposes some vulnerability for banks over longer term

    October 23, 2026 0
    Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]

Resources

  • About
  • Get our daily reports
    • Registration
  • Password Reset
  • Reg lookup
  • Profile

Follow @editorregreport

  • The Fed
  • FDIC
  • OCC
  • NCUA
  • CFPB
  • Other

Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info