NCUA – Page 31 – Regulatory Report

What's up

[ July 3, 2025 ] Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts FDIC
[ July 3, 2025 ] 7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure FDIC
[ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
[ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
[ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed

FDIC Board nominees – including those for chair, vice chair – offer testimony in confirmation hearing

November 30, 2022 0

Three nominees for the board of the federal insurer of bank deposits – including those for chairman and vice chairman – offered their views to a Senate committee Wednesday as their nominations are considered for […]

New credit union, fourth federal charted in 2022, will serve primarily Northern Cheyenne community

November 28, 2022 0

A new credit union in Montana serving primarily native Americans is now chartered, the federal credit union regulator said Monday. According to the National Credit Union Administration (NCUA), The Morning Star Federal Credit Union (FCU), […]

Rising interest rates taking toll on credit unions, report finds, with more posting lower exam ratings

November 17, 2022 0

The number of credit unions with lower exam ratings increased in the third quarter, which federal supervisors attributed to the rising interest-rate environment, the federal credit union regulator said Thursday. A report presented to the […]

NCUA closes two more FCUs following brief conservatorships, making six closures in 2022

November 15, 2022 0

The federal agency that regulates credit unions on Tuesday closed two small West Virginia credit unions following about a five-week conservatorship for each. The National Credit Union Administration (NCUA) said it liquidated O.F. Toalston Federal […]

Regulators talk crypto, capital, climate change, bank mergers and more at Senate hearing

November 15, 2022 0

Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]

Share insurance fund report slated Thursday for NCUA Board

November 14, 2022 0

How close the National Credit Union Share Insurance Fund (NCUSIF) is to achieving a staff-projected, year-end equity ratio of 1.3% may be revealed Thursday during the National Credit Union Administration (NCUA) Board open meeting, which […]

New federal credit union will serve Episcopal diocese in NY, is third chartered in 2022

November 10, 2022 0

A new federally chartered credit union – New York Episcopal Federal Credit Union in the Bronx, N.Y. – is set to begin operations in early 2023, the National Credit Union Administration (NCUA) said Thursday. The […]

Credit unions need to up their game on diversity, equity and inclusion, agency chairman says

November 2, 2022 0

Noting “concerning” differences in credit unions’ lending to minority members, the board chairman of the federal credit union regulatory agency on Wednesday said credit unions can “and must” do better as an industry. “The differences […]

NCUA notes increase, to 240, in number of credit unions that participated in voluntary diversity self-assessment in 2021

November 1, 2022 0

A small uptick in the percentage of credit unions reporting a leadership and organizational commitment to diversity was one of the results reported Tuesday from the 2021 Credit Union Diversity Self-Assessment (CUDSA) Results Report, which […]

NCUA earns ‘level 4’ rating in latest info security performance audit

October 28, 2022 0

The federal regulator of credit unions earned just shy of the top “maturity” level rating for its information security program for the fiscal year ending Sept. 30, 2022 – and received four recommendations for strengthening […]

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Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts

July 3, 2025 0

The two most common violations of consumer compliance supervision in 2024 were those related to truth-in-lending and mandatory flood insurance – pretty much the same results reported in 2023 — according to an annual report issued Thursday by the federal [...]
7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure

July 3, 2025 0

Seventy-one banks whose performance ratings under the anti-redlining Community Reinvestment Act (CRA) were announced Thursday were all rated either “outstanding” or “satisfactory,” according to the Federal Deposit Insurance Corp. (FDIC). The information, which the FDIC said became publicly available in [...]
NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

July 1, 2025 0

A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
Seven banks – including Bank of China branches – earn top ratings for CRA compliance

July 1, 2025 0

Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]