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: Loans to Members and Lines of Credit to Members Subject: Lending Agency: NCUA Status: Final rule Summary: The NCUA Board(Board) is amending its regulations regarding loans to members and lines of credit to members […]
Rodney E. Hood and Todd M. Harper were confirmed by the Senate late Thursday on a unanimous consent vote to two seats on the NCUA Board. Once they are sworn into office, the pair will […]
This story has been updated to link to the scheduled March 25 Federal Register notice of final rule. Final credit union loan rule changes that regulators say will reduce regulatory burden, improve clarity and ease […]
The fund that insures savings in credit unions had $226.5 million in net income last year and a net position of $15.7 billion as of Dec. 31, according to a report Thursday to the National […]
State profiles of bank and credit union trends during the fourth quarter of 2018, along with economic indicators, were released Thursday by the Federal Deposit Insurance Corp. (FDIC) and National Credit Union Administration (NCUA). The […]
The federal regulator of credit unions released its 2018 annual report Wednesday, highlighting last year’s share insurance fund distribution to credit unions, ongoing efforts to modernize the examination process, federal credit union (FCU) chartering and […]
The two members of the board that guides the federal regulator of credit unions on Tuesday credited their ability to work together in a nonpartisan fashion with the reforms the agency has achieved in recent […]
A new “proof of concept” application for groups wishing to obtain a federal credit union charter is out for comment until May 10, according to a National Credit Union Administration (NCUA) notice published Monday (March […]
An updated list of rural and underserved counties where lenders are exempt from certain Truth in Lending Act (TILA) mortgage rule requirements has been published by the Consumer Financial Protection Bureau (CFPB) and announced to […]
Federally insured credit unions will receive an equity distribution of more than $160 million this year from the fund that insures savings in the institutions, the credit union federal regulator said Thursday. In a release, […]
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