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.
Public comments on a proposed rule to codify the agency’s interpretive rule on credit unions’ hiring of individuals with a previous minor or older criminal offense are due to the National Credit Union Administration (NCUA) […]
Four credit unions have been awarded grants of $100,000 each from their federal regulator in support of “innovative credit union pilot projects,” the agency said Tuesday. The $400,000 in Community Development Revolving Loan Fund (CDRLF) […]
Title: Fair Hiring in Banking Subject: ‘Second chance’ hiring Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) proposes to incorporate its “Second Chance” Interpretive Ruling and Policy Statement 19–1 (IRPS 19–1) and the […]
The draft budget justification detailing the federal credit union regulator’s plans for an overall 9.5% increase in its budget in 2024, and another 9.9% increase for 2025, is out for public comment until Nov. 21. […]
Title: The NCUA Staff Draft 2024-2025 Budget Justification Subject: Agency funding Agency: NCUA Status: Notice Summary: The NCUA’s staff draft “detailed business-type budget” is being made available for public review as required by federal statute. […]
Both credit unions and their federal regulator have the “need and ability” to improve their efforts toward diversity, equity and inclusion (DEI), the agency’s leader said Wednesday in a speech to a “summit” on the […]
A former worker at an Upper Marlboro, Md., credit union was prohibited as a result of debit card fraud from future service at a federally insured bank or credit union in October, the federal regulator […]
Spending of $394.5 million in 2024 is being proposed by the federal credit union regulator, an increase of 9.5% from the previous year, the agency said Thursday. The National Credit Union Administration (NCUA) also announced […]
Title: Simplification of Share Insurance Rules Subject: Share insurance; trust accounts, MSAs Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is seeking comment on proposed amendments to its regulations governing share insurance coverage. […]
Credit unions should begin decreasing overdraft fees – or drop them altogether — the top federal regulator of the institutions said in a speech late Tuesday. In remarks to a credit union group meeting in […]
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