NCUA – Page 130 – Regulatory Report

What's up

[ 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

Credit union regulator corrects clerical error in equity distribution rule

April 5, 2018 0

The federal regulator of credit unions is publishing a correction to its February final rule on equity distributions from the fund that insures credit union member shares (deposits), revising a reference in the text that […]

Credit union regulator updating consumer complaint records system to support pre-exam planning

April 3, 2018 0

The federal regulator of credit unions plans by month-end to update its consumer complaint records system to reflect a change in the way examination personnel access and retrieve records when conducting required pre-exam planning reviews […]

In March, NCUA prohibits three for false entries, theft, fraud

March 30, 2018 0

Three former credit union employees were prohibited in March from ever again working at a federally insured financial institution, the federal regulator of credit unions said Friday, for charges that ranged from making false entries […]

Directions for credit unions to calculate, record ‘equity distribution’ of $736 million later this year posted on agency website

March 29, 2018 0

Calculating and recording the distribution of nearly $736 million in equity from the federal insurance fund for credit unions is the aim of a new online resource offered by the insurance fund’s federal manager, the […]

Participation loan transactions at credit unions must meet rules throughout loan lifetimes, be treated independently, agency writes

March 29, 2018 0

Provisions of a loan participation transaction at a credit union must meet regulatory requirements throughout the life of the loan, and each loan must be treated independently, according to a legal opinion letter issued by […]

Trump nears completion of filling financial regulators leadership stable – but more work ahead for open board seats

March 28, 2018 0

When Jelena McWilliams is confirmed by the Senate to be the next chair of the board for the federal deposit insurance agency – likely next month, after the Senate returns from its spring state work […]

Legal opinion: Federal credit union can serve those who share core belief, practices with its membership group

March 22, 2018 0

A federal credit union chartered to serve Anabaptists and Mennonites is also permitted under the Federal Credit Union (FCU) Act to serve “individuals who share a core doctrinal belief and set of practices with those […]

IG cites weaknesses in credit union regulator’s records management program

March 22, 2018 0

The National Credit Union Administration’s Office of Inspector General issued two reports in mid-March on 1) the agency’s records management program and 2) its charge card programs. The records management audit showed no comprehensive program […]

Regulators: ‘Supervisory burden reduction’ focus will be on 4 areas going forward

March 22, 2018 0

Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]

Agency points to closing fund (expected to return millions to credit unions) among 5 ‘most significant actions’ in 2017

March 20, 2018 0

Closing the temporary fund meant to resolve troubled corporate credit unions is among the top achievements cited by the federal regulator of credit unions in its annual report for last year. In its annual report […]

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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 [...]