NCUA – Page 12 – Regulatory Report

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[ May 1, 2025 ] Enforcement of ECOA small-business loan data collection deprioritized at CFPB CFPB
[ May 1, 2025 ] Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings OCC
[ May 1, 2025 ] Texas commissioner re-elected as chair of state liaison committee to Exam Council Other
[ April 30, 2025 ] 2 Dems in Senate, House want IG to investigate NCUA Board member firings NCUA
[ April 30, 2025 ] Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’ NCUA

Three prohibited by credit union regulator following theft conviction, guilty pleadings

March 29, 2024 0

Three persons were prohibited by the federal credit union regulator in March from further service in a federally insured financial institution, the agency said Friday. According to the National Credit Union Administration (NCUA), the three […]

Report highlights nearly half of ‘contracting dollars’ of credit union regulator going to minority-, women-owned businesses

March 28, 2024 0

Nearly half of all agency “reportable contracting dollars” in 2023 went to minority- or women-owned businesses, and nearly half of contract payments went to those vendors, according to a report to Congress published Thursday by […]

NCUA publishes March update for simplified CECL tool

March 25, 2024 0

Average loan-loss rates for 2021-2023 and the latest life-of-loan, or weighted average remaining maturity, factors are included in an updated “simplified CECL tool” announced Monday by the federal credit union regulatory agency in an “express” […]

NCUA lists member expulsion rule, FOM, trust account proposals, as among biggest accomplishments in ‘23

March 25, 2024 0

Final rules on member expulsion and proposed rules on field of membership and trust accounts are two actions from last year highlighted by the federal credit union regulator in its 2023 annual report, released Monday. […]

NCUA’s Otsuka announces Renita Marcellin as senior advisor

March 21, 2024 0

Renita Marcellin, most recently with Americans for Financial Reform and previously with JPMorgan Chase, has been appointed senior advisor to National Credit Union Administration (NCUA) Board Member Tanya Otsuka, the NCUA said. Otsuka announced the […]

Credit unions grow assets, but delinquencies – especially credit cards – also mounting; ROAA, net income trend down

March 12, 2024 0

Total assets in credit unions reached $2.26 trillion at year-end 2023, their federal regulator reported Tuesday, which represented a 4.1% increase over the previous year’s growth. However, according to the National Credit Union Administration (NCUA), […]

Regulator charters first credit union of year; will serve NJ police membership organization

March 4, 2024 0

A new federal credit union intended to provide members of a New Jersey police member organization with financial services is now chartered by the federal credit union regulator, the agency announced Monday. The National Credit […]

NCUA’s MDI preservation program updated; NCUSIF at 1.3%

February 15, 2024 0

Revisions to the agency’s written Minority and Depository Institution (MDI) Preservation Program policy were approved unanimously Thursday by the National Credit Union Administration (NCUA). The revised policy, among other things, reflects that administration of the […]

3 credit union failures cost share insurance fund $1.4 million at year-end

February 15, 2024 0

Three federally insured credit union failures cost the National Credit Union Share Insurance Fund (NCUSIF) approximately $1.4 million in losses at the end of the fourth quarter of 2023, according to a report issued Thursday. […]

Credit union regulator touts ‘clean audits’ for ’23 among programs, including savings insurance

February 13, 2024 0

Unmodified or “clean” audits of programs managed by the federal credit union regulator – including the $21.4 billion fund that ensures the savings of credit union members – were announced Tuesday by the agency. According […]

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Enforcement of ECOA small-business loan data collection deprioritized at CFPB

May 1, 2025 0

Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

May 1, 2025 0

About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
Texas commissioner re-elected as chair of state liaison committee to Exam Council

May 1, 2025 0

The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]
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 Todd Harper and Tanya Otsuka. [...]
Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’

April 30, 2025 0

A small New Jersey credit union was liquidated Wednesday by the federal credit union regulator after the agency said it had found the cooperative to be insolvent. The National Credit Union Administration (NCUA) said it liquidated Unilever Federal Credit Union [...]
Three former credit union workers prohibited in April, agency reports

April 30, 2025 0

Three former credit union workers were prohibited in April from further work in federally insured financial institutions, the federal regulator announced Wednesday. The National Credit Union Administration (NCUA) said the three individuals were: Anh-Thu Nguyen, a former worker of Goldenwest [...]