NCUA – Page 135 – Regulatory Report

What's up

[ 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
[ April 30, 2025 ] Three former credit union workers prohibited in April, agency reports NCUA
[ April 29, 2025 ] NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board NCUA
[ April 29, 2025 ] Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts OCC

FSOC ’17 report pledges commitment to sufficient capital, liquidity for financial institutions

December 14, 2017 0

Financial regulators should continue to ensure that financial institutions have sufficient capital and liquidity to reduce threats to economic and financial shocks, the federal umbrella group for the regulators said in its annual report, released […]

Agency changes timelines on emergency mergers, reorganizes some offices in headquarters

December 14, 2017 0

Final rules that would change the time range for considering credit union insolvency through emergency mergers, and some reorganization of the federal agency for credit unions, were both approved unanimously Thursday by the National Credit […]

Credit unions expand lending, memberships at 3Q ‘17

December 13, 2017 0

Credit union lending was up nearly 11% over the year ending Sept. 30, 2017, and memberships continued to surge, posting more than a 4% increase over the same period, according to figures released Wednesday by […]

Losses from loans for taxi medallions may lead to increase in reserves for credit union insurance fund

December 11, 2017 0

Losses piling up from credit union loans for taxi cab medallions that are falling in value may require the federal fund that insures savings in credit unions to increase loss reserves, a member of the […]

NCUA (finally) gets new seal after nine-year wait (and 46 years of previous mark)

December 9, 2017 0

A new “seal of office” for the regulator of federal credit unions was signed off on by President Donald Trump Friday, who issued an order which calls for imposition of an eagle, three stars (representing […]

Board to consider agency reorganization, emergency mergers rules

December 7, 2017 0

Final rules on reorganization of the agency and emergency mergers will be the main events of the NCUA Board when it meets in open session Dec. 14 in Alexandria, Va. In July, the board announced […]

5th credit union in 2017 liquidated

December 5, 2017 0

A $55 million-in-assets credit union in Alabama became the fifth federally insured credit union to be liquidated in 2017; the 11,500 members and their savings and loans were merged into a Louisiana credit union, the […]

Emphasizing ‘it’s not a rule,’ agency letter highlights voluntary diversity checklist completion deadline

December 4, 2017 0

Completion of a voluntary self-assessment checklist for gauging diversity at credit unions in business practices and hiring is due before Dec. 30 from federally insured credit unions – especially those with 100 or more employees […]

Eight prohibited from financial institutions by credit union regulator

November 30, 2017 0

Eight individuals, through three prohibition orders and five notices of prohibition, were prohibited from participating in the affairs of any federally insured financial institution in November by the National Credit Union Administration (NCUA). In addition, […]

Agency awards more than $500k in grants for outreach to underserved credit union members

November 29, 2017 0

More than half a million dollars in grants to support outreach to underserved members have been awarded to 23 credit unions in 17 states, the National Credit Union Administration (NCUA) announced Wednesday. According to the […]

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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 [...]
NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board

April 29, 2025 0

A lawsuit filed Monday by the two Democrats fired recently from their board posts at the National Credit Union Administration (NCUA) seeks their reinstatement and asserts that with its two vacancies, the NCUA Board now lacks the quorum required to [...]
Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts

April 29, 2025 0

Calling artificial intelligence (AI) a “powerful technology,” the regulator of national banks said Tuesday it can be used to help banks make more informed decisions – but only if it is built and used responsibly, such as in supporting financial [...]