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: Public Unit and Nonmember Shares Subject: Nonmember deposits Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the NCUA’s public unit and nonmember share rule to allow federal credit unions (FCU) […]
A comment deadline of July 29, or about that date, is slated for a proposed rule issued last week that would increase the amount of public unit and nonmember shares that could be held by […]
A release issued Wednesday by the federal regulator of credit unions affirms the agency’s planned participation in financial industry regulators’ June 18 webinar providing updates to the federal flood insurance rule. The one-hour webinar, set […]
Private flood insurance policies for applicable loans must be accepted by credit unions beginning July 1, the board chairman for the federal regulator of credit unions said Tuesday. In a Regulatory Alert sent to all […]
Two questions intended to evaluate industry-wide exposure to employer-defined benefit plans will be added to credit union quarterly reports, according to a proposal by the institutions’ federal regulator. In filings Tuesday with the Federal Register, […]
The federal agency that charters and regulates federal credit unions says it’s planning to offer more resources for credit unions to identify low-income areas they might serve, and information for those seeking to charter a […]
The basis for measuring the regulatory limit on nonmember and public unit shares that federally insured credit unions (FICUs) may hold would change – in many cases increasing the dollar amount that could be held […]
Lenwood Brooks is the new director of external affairs for the federal regulator of credit unions, the agency’s board chairman said Wednesday; Brooks joins the agency May 28. In a release, National Credit Union Administration […]
The first federal credit union chartered in 2019 is now on the books, according to the federal regulator of the financial cooperatives, with service anticipated to 4,200 members and a variety of small businesses related […]
More than 5,500 credit unions are beginning to receive statements this week showing their share of a $160 million payout by their federal regulator of excess funds from the federal insurance fund for the cooperative […]
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