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.
The first “Credit Union Diversity, Equity, and Inclusion Summit” is set for Nov. 6 by the federal regulator of credit unions, the agency said Wednesday, aimed at discussing how to promote those qualities at the […]
Seven former credit union employees were barred from any future work in federally insured financial institutions under prohibition notices and orders disclosed last month by the National Credit Union Administration (NCUA). NCUA reported five prohibition […]
Title: Payday Alternative Loans (PALs) II Subject: Payday loans Agency: NCUA Status: Final Summary: The NCUA Board (Board) is issuing a final rule (referred to as the PALs II rule) to allow federal credit unions […]
A new rule allowing credit unions to issue payday loans of any amount up to $2,000, fully amortized over a term of one to 12 months, will take effect the first Monday after Thanksgiving, according […]
A full-time gig for the acting chief of staff of the chairman of the board for the federal credit union regulator was announced Wednesday by the agency. H. Lenwood Brooks now as the full-on title […]
A webinar to help credit unions learn about small-business lending programs of the Small Business Administration (SBA) will be held Oct. 16 and hosted jointly by the SBA and the National Credit Union Administration (NCUA), […]
A board appeal is the single agenda item slated for consideration by the National Credit Union Administration (NCUA) Board during a closed meeting Tuesday (Sept. 24) at 10 a.m. ET. NCUA says the meeting is […]
Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule […]
Authority of low-income-designated credit unions (LICUs) to offer secondary capital accounts is outlined in a supervisory letter Monday from the federal credit union regulator, which updates the framework the agency uses to to analyze and […]
Applications are due Oct. 5 for low-income credit unions that desire to be certified as Community Development Financial Institutions (CDFIs) using the “streamlined” certification process – a certification that is critical to securing funding next year – […]
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