NCUA – Page 3 – Regulatory Report

What's up

[ August 29, 2025 ] OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30 OCC
[ August 29, 2025 ] Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations FDIC
[ August 29, 2025 ] FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual FDIC
[ August 29, 2025 ] Former credit union CEO caused more than $1.7 million in losses, order says NCUA
[ August 28, 2025 ] Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory Other

Next NCUA Board meeting ‘tentatively’ slated July 24; June meeting ‘canceled’

June 6, 2025 0

The agency’s one-member board is “tentatively” scheduled to hold its next open meeting July 24, the National Credit Union Administration (NCUA) said in a release Friday. While not specifying so in its release, the agency […]

Credit union assets up 2.6% over 4 quarters ending March 31; loans up 3.3%

June 5, 2025 0

Federally insured credit unions saw 2.6% asset growth and 3.3% loan growth over the 12-month period ending March 31, while total shares and deposits rose 4.5%, the National Credit Union Administration said Thursday. The agency, […]

NCUA bars former CA credit union employee; terminates a cease-and-desist order

May 30, 2025 0

A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the […]

NCUA IG, deputy IG set to retire this year, report to Congress shows

May 27, 2025 0

James Hagen and Bill Bruns, the inspector general and deputy inspector general for the National Credit Union Administration (NCUA), will retire in 2025, according to a message by Hagen at the front of his latest […]

NCUA’s 2026-2030 strategic plan to ‘further reinforce’ changes under staff reduction order

May 23, 2025 0

The federal credit union regulator is inviting suggestions from the public on its operations and initiatives as it develops a 2026-2030 strategic plan, which it said will “further reinforce” the changes made at the agency […]

Some 250 employees expected to leave NCUA this year, agency reports; 152 already on admin leave

May 22, 2025 0

Response to the agency’s voluntary separation program (VSP) will result in some 250 employees leaving the agency by year-end, and payroll and contract savings of about $75 million that will be realized in 2026, agency […]

NCUSIF sees 3.14% asset growth in Q1 2025; fund ratio expected to decline to 1.26% by June 30

May 22, 2025 0

First-quarter 2025 data, preliminary and unaudited, for the National Credit Union Share Insurance Fund (NCUSIF) showed the fund’s total assets up 3.14%, growing from $22.3 billion to $23.0 billion in the first quarter of 2025. […]

Credit union regulator charters 2nd new credit union of the year, serving African American community in St. Louis

May 19, 2025 0

A new credit union in St. Louis, Mo., has been chartered to serve the members of the African Diaspora Council Inc., a group based in that city which promotes community self-help and financial and wealth-management […]

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 […]

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 […]

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OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30

August 29, 2025 0

The national bank regulator is reducing semiannual assessments on supervised institutions slated for Sept. 30, the agency announced Friday. Calling it the fifth such reduction since 2017, the Office of the Comptroller of the Currency (OCC) said it has reduced [...]
Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations

August 29, 2025 0

A former “senior universal banker” and teller at a Massachusetts bank has been prohibited from further service at a financial institution and ordered to pay a $12,000 civil money penalty (CMP), the federal bank deposit insurance agency said Friday. According [...]
FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual

August 29, 2025 0

References to “disparate impact” – the result of practices unintentionally having a disproportionate, negative effect on a protected group, including minorities – are now erased from an examination manual issued by the federal bank deposit insurance agency, it said Friday. [...]
Former credit union CEO caused more than $1.7 million in losses, order says

August 29, 2025 0

A former Wisconsin credit union CEO who reportedly caused her credit union losses exceeding $1.7 million is permanently barred from service in any federally insured financial institution, according to a consent order announced Friday by the National Credit Union Administration [...]
Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory

August 28, 2025 0

Chinese money laundering networks (CMLNs) in the U.S. that are used by Mexico-based drug cartels — dubbed a “mutualistic relationship” — are the target of an advisory to banks, the Treasury’s top financial crimes enforcement arm said Thursday. The Financial [...]
OCC shows 102 banks slated for CRA exams in Q4 2025, Q1 2026

August 28, 2025 0

A total of 102 national banks and federal savings associations are slated for their anti-redlining Community Reinvestment Act (CRA) evaluations over the final quarter of 2025 and the first quarter of 2026, according to their federal regulator. The Office of [...]
Audit produces 10 recommendations for improving NCUA info security

August 27, 2025 0

The federal credit union regulator’s information security program was found to be “effective overall” in a recent independent audit report, but the auditor reported five new weaknesses in the controls selected for review and gave 10 recommendations for improvements. The [...]
Registration for NCUA’s closed town hall open until Friday

August 27, 2025 0

Registration for the off-the-record “strategic plan” town hall slated for Sept. 9 by the federal credit union regulator remains open until Friday, the agency reminded in a release Wednesday. The meeting, to be held virtually, is described as “off the [...]
Profitability down for banks at midyear, continuing decline from year ago; DIF exceeds statutory minimum, ending restoration plan

August 26, 2025 0

Return on assets (ROA) for the nation’s banks was down at midyear as was net income, which the federal bank deposit insurance agency Tuesday blamed on an increase in provision expenses related to a large bank acquisition. Absent that, the [...]