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 federal credit union that was placed in conservatorship in December – Richmond City Employees FCU of Richmond, Ind. – was merged into Kemba Credit Union of West Chester, Ohio, effective April 1, according to […]
Acting Comptroller of the Currency Michael Hsu has added a new role and title to his duties: chair of the umbrella group for the federal financial institution regulators, the group said Friday. Hsu was named […]
Two former workers at credit unions in Massachusetts and Pennsylvania, respectively, were prohibited from working in a credit union or any other federally insured depository institution this month, the federal credit union regulator said Friday. […]
All credit unions with more than $54 million in assets will be required to collect data associated with mortgage loan applications processed in 2023, the federal credit union regulator said Thursday. In a “regulatory alert” […]
How, and what, savings are federally insured at credit unions will be addressed at an April 13 webinar conducted by their federal regulator. The National Credit Union Administration (NCUA) said the hour-long session gets underway […]
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 […]
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