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.
A request by the $1.2 billion-assets Dade County Federal Credit Union for a community charter expansion to add Broward County to its field of membership (FOM) is slated for an online public hearing June 7 […]
Two key updates were made for the simplified tool credit unions may use to determine the impact of credit loss accounting standards on their financial statements, their federal regulator said Thursday. According to the National […]
Activities, policy initiatives, and accomplishments of the federal credit union regulatory agency throughout 2022 are detailed in its annual report released Tuesday. The National Credit Union Administration (NCUA) looked at the past year’s most significant […]
Just one item is slated for consideration during the March 16 open meeting of the National Credit Union Administration (NCUA) Board: a final rule on subordinated debt. Issued last September, the proposed rule would extend […]
More than 2,600 credit unions will split $178 million in two payouts by their federal regulator, the legacy of actions to resolve the failures of “corporate” credit unions more than 10 years ago, the agency […]
The first credit union to be shuttered in 2023 was a tiny institution in New York City after its federal regulator determined it was not operating safely and soundly, the agency said late Wednesday. Inter-American […]
Credit unions saw growth in assets, savings and – especially – loans last year, but also saw their return on average assets fall and experienced greater delinquencies and charge-offs from the year before, according to […]
Registration is open now for a March 22 webinar hosted by the National Credit Union Administration, the agency said Tuesday. Titled “Loan Risks in a Changing Economy,” the 2 p.m. (Eastern) webinar will feature a […]
Title: Chartering and Field of Membership Subject: Federal credit unions; chartering, membership Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is proposing to amend its chartering and field of membership (FOM) rules […]
Federal credit unions (FCUS) may continue to charge up to 18% interest on their loans, their federal regulator reminded them Wednesday in a letter, over the 18-month period that starts March 11. The National Credit […]
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