NCUA – Regulatory Report

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[ June 13, 2025 ] Fed to reveal annual stress test results for big banks June 27; makes models public The Fed
[ June 12, 2025 ] OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more NCUA
[ June 12, 2025 ] Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall The Fed
[ June 11, 2025 ] ‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts FDIC
[ June 10, 2025 ] UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn Other

OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more

June 12, 2025 0

Eight recommendations for governance and process improvements and a discussion of the federal credit union regulator’s continuing need for third-party oversight authority are highlights of a new inspector general report on the agency’s cyber threat […]

Next NCUA Board meeting ‘tentatively’ slated July 24; June meeting ‘canceled’

June 6, 2025 0

The agency’s one-member board is “tentatively” scheduled to hold its next open meeting July 24, the National Credit Union Administration (NCUA) said in a release Friday. While not specifying so in its release, the agency […]

Credit union assets up 2.6% over 4 quarters ending March 31; loans up 3.3%

June 5, 2025 0

Federally insured credit unions saw 2.6% asset growth and 3.3% loan growth over the 12-month period ending March 31, while total shares and deposits rose 4.5%, the National Credit Union Administration said Thursday. The agency, […]

NCUA bars former CA credit union employee; terminates a cease-and-desist order

May 30, 2025 0

A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the […]

NCUA IG, deputy IG set to retire this year, report to Congress shows

May 27, 2025 0

James Hagen and Bill Bruns, the inspector general and deputy inspector general for the National Credit Union Administration (NCUA), will retire in 2025, according to a message by Hagen at the front of his latest […]

NCUA’s 2026-2030 strategic plan to ‘further reinforce’ changes under staff reduction order

May 23, 2025 0

The federal credit union regulator is inviting suggestions from the public on its operations and initiatives as it develops a 2026-2030 strategic plan, which it said will “further reinforce” the changes made at the agency […]

Some 250 employees expected to leave NCUA this year, agency reports; 152 already on admin leave

May 22, 2025 0

Response to the agency’s voluntary separation program (VSP) will result in some 250 employees leaving the agency by year-end, and payroll and contract savings of about $75 million that will be realized in 2026, agency […]

NCUSIF sees 3.14% asset growth in Q1 2025; fund ratio expected to decline to 1.26% by June 30

May 22, 2025 0

First-quarter 2025 data, preliminary and unaudited, for the National Credit Union Share Insurance Fund (NCUSIF) showed the fund’s total assets up 3.14%, growing from $22.3 billion to $23.0 billion in the first quarter of 2025. […]

Credit union regulator charters 2nd new credit union of the year, serving African American community in St. Louis

May 19, 2025 0

A new credit union in St. Louis, Mo., has been chartered to serve the members of the African Diaspora Council Inc., a group based in that city which promotes community self-help and financial and wealth-management […]

2 Dems in Senate, House want IG to investigate NCUA Board member firings

April 30, 2025 0

The ranking Democrats on the U.S. Senate Banking Committee and House Financial Services Committee on Tuesday called for an inspector general investigation of the president’s recent firings of National Credit Union Administration (NCUA) Board Members […]

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Fed to reveal annual stress test results for big banks June 27; makes models public

June 13, 2025 0

Annual stress tests results will be released June 27, the Federal Reserve said Friday, adding that the document providing details about the models used in the test are now public. This year’s stress tests covered 22 large banks. The scenario [...]
OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more

June 12, 2025 0

Eight recommendations for governance and process improvements and a discussion of the federal credit union regulator’s continuing need for third-party oversight authority are highlights of a new inspector general report on the agency’s cyber threat information sharing. In the report, [...]
Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall

June 12, 2025 0

Net worth of households nationwide fell by $1.6 trillion in the first quarter of the year, while households debt increased by a 1.9% annual rate in the same period, the Federal Reserve said Thursday. In releasing its figures for financial [...]
‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

June 11, 2025 0

Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, according to a report by [...]
UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn

June 10, 2025 0

Jonathan McKernan, previously nominated to be director of the Consumer Financial Protection Bureau (CFPB), is now instead nominated to succeed former Treasury Under Secretary for Domestic Finance Nellie Liang, who reportedly resigned from the post early this year. Treasury’s domestic [...]