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.
Credit unions saw their loans outstanding rise by 4.6% (to $1.73 trillion) at the end of the first quarter of this year over the same point a year ago – but also saw the ratio […]
Interim final rules on non-interest charges and fees, and dependent care and board member reimbursement, were adopted early Monday by the one-man board overseeing the federal credit union regulator, the agency said. In a release, […]
An advisory issued jointly Friday by bank and credit union prudential regulators with Treasury’s financial crimes enforcement arm encourages the institutions to aid in the detection and reporting of illegal aliens. The agencies – Treasury’s […]
The next open meeting of the National Credit Union Administration (NCUA) Board is planned for June 24 (a Wednesday) at 10 a.m. eastern, the agency’s online schedule shows. The meeting, with no agenda released yet, […]
Beverly Hills City Employees Federal Credit Union, Beverly Hills, Calif., has been merged into Nuvision Federal Credit Union, Huntington Beach, Calif., following about a four-month conservatship, according to a release Tuesday. The National Credit Union […]
Bad loans resulting in “significant” losses and thus the deterioration of the capital of a Chicago bank led it to become the first to fail in 2026, the federal deposit insurance agency said Monday. The […]
The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. […]
An inspector general report on the federal credit union regulator’s enterprise risk management (ERM) found that the group of senior staff responsible for primary oversight of ERM “did not consistently establish, update, or use risk […]
The Treasury Department and federal financial institution regulators are charged in a recent executive order to take action aimed at mitigating potential credit risks post by the “non-work authorized population.” “My Administration will not tolerate […]
A new executive order directs federal financial regulators within 90 days to conduct reviews of their rules, processes and other mechanisms that could be updated to facilitate innovation and improve the competitiveness of financial products […]
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