NCUA

NCUA places small IN credit union into conservatorship

January 15, 2021 0

The federal credit union regulator on Thursday said it placed the $6.6 million-in-assets, 1,155-member Indianapolis’ Newspaper Federal Credit Union into conservatorship. “The NCUA placed Indianapolis’ Newspaper Federal Credit Union into conservatorship because of unsafe and […]

NCUA

Mortgage Servicing Rights

January 13, 2021 0

Title: Mortgage Servicing Rights Subject: Investments Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) proposes to amend its investment regulation to permit federal credit unions (FCUs) to purchase mortgage servicing rights from other […]

NCUA

Credit union regulator names deputy CFO

January 12, 2021 0

Melissa M. Lowden will be the federal credit union regulator’s next deputy chief financial officer, effective Jan. 17, the agency said Tuesday. In a release, the National Credit Union Administration (NCUA) said Lowden – who joined […]

NCUA

Streamlined CDFI application round opens Jan. 24 for credit unions

January 12, 2021 0

Federally insured credit unions (FICUs) designated as “low-income” by the National Credit Union Administration (NCUA) can apply to the agency’s streamlined qualification process created to smooth the way to community development financial institution (CDFI) certification […]

NCUA

Chartering and Field of Membership-Shared Facility Requirements

January 12, 2021 0

Title: Chartering and Field of Membership-Shared Facility Requirements Subject: Service facility Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) proposes to amend its chartering and field of membership (“FOM”) rules to modernize requirements […]

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