NCUA – Page 119 – Regulatory Report

What's up

[ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed
[ June 30, 2025 ] Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases OCC
[ June 30, 2025 ] Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another NCUA
[ June 30, 2025 ] 2 former credit union employees barred from future work in insured FIs NCUA
[ June 30, 2025 ] Texas bank became second to fail so far this year OCC

NCUA reports 7th credit union liquidation of 2018

October 12, 2018 0

A $3 million-in-assets credit union in Staten Island, N.Y., on Friday became the seventh federally insured credit union liquidated in 2018, the National Credit Union Administration announced. Radio, Television and Communication Federal Credit Union, with […]

Final rule delaying risk-based capital rule by 1 year on regulator’s meeting agenda

October 11, 2018 0

A final rule supplementing risk-based capital regulation for credit unions by delaying the effective date by one year will be considered during a meeting of their federal regulator next week (Oct. 18), according to the […]

Agency proposes info-collection change on credit union service organizations, lowers burden estimate

October 11, 2018 0

Submission of written agreements between credit unions and credit union-owned service organizations (CUSOs) will be revised to only apply to new investments in CUSOs under a proposal out for a 60-day public comment period. The […]

Federal, state regulators issue joint statement on supervisory practices in Michael’s wake

October 10, 2018 0

Federal and state financial institution regulators teamed up Wednesday to issue a joint statement on supervisory practices regarding financial institutions affected by Hurricane Michael, which careened through the eastern Gulf Coast the same day. The […]

As Hurricane Michael nears, OCC, NCUA ready resources for banks, CUs

October 9, 2018 0

Federal bank and credit union regulators on Tuesday issued statements and noted resources available to assist institutions in the path of Hurricane Michael, which had grown to a Category 3 storm as it headed toward […]

Agency schedules webinar to explain rule change for expanding CU membership scope

October 9, 2018 0

A webinar providing more information for federally chartered credit unions (FCUs) on recent rule changes affecting membership regulations for the cooperative financial institutions is set for Oct. 24, the federal credit union regulator said Tuesday. […]

Letter outlines requirements for using narrative in expanding CU memberships; guidance for doing so too

October 9, 2018 0

Federally chartered credit unions may use a written narrative to meet requirements for expanding their membership scope in a community, as long as the narrative demonstrates the institution’s ability for serve the community and intent […]

Regulators speak up on key subjects during a busy – and video-filled – week

October 5, 2018 0

Regulators were on stage this past week, discussing initiatives, implementation of the new regulatory relief law, their roles and what they wanted from Congress – among other things – in different venues, but all on […]

10 credit unions consent to penalties for late filing of 1Q call reports

October 5, 2018 0

Civil money penalties (CMPs) ranging from a low of $150 to a high of $920, with a grand total of $4,133, are to be paid by 10 credit unions that filed late call reports for […]

Benefits, risks of FIs’ BSA-related resource sharing outlined in joint statement

October 3, 2018 0

Types of instances in which banks and credit unions may form collaborative arrangements to share resources to better manage their Bank Secrecy Act/anti-money laundering (BSA/AML) responsibilities are addressed in a statement issued jointly on Wednesday […]

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Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession

June 30, 2025 0

The 22 large banks subjected to the Federal Reserve Board’s 2025 stress test reportedly are “well positioned” to withstand a hypothetical, severe recession while remaining above their minimum capital requirements and continuing to lend to households and businesses, the Fed [...]
Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases

June 30, 2025 0

Economic uncertainty has increased as consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have all had their impact on threats to the banking system, the national bank regulator said Monday. In its Semiannual [...]
Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another

June 30, 2025 0

A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was liquidated by the National Credit [...]
2 former credit union employees barred from future work in insured FIs

June 30, 2025 0

A former employee of a Kansas credit union and one from a credit union in Pennsylvania are barred from participating in the affairs of any federally insured depository institution, the federal credit union regulator said Monday. The National Credit Union [...]
Texas bank became second to fail so far this year

June 30, 2025 0

A Santa Anna, Texas, bank was closed late Friday by the national bank regulator, becoming the second bank to fail so far this year. Santa Anna National Bank was closed by the Office of the Comptroller of the Currency (OCC), [...]