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.
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 […]
A set of proposed revisions to the federal credit union regulator’s chartering and field-of-membership manual is out for comment until May 30, according to a notice in Tuesday’s Federal Register. The proposed rule was issued […]
Two former credit union employees who allegedly, respectively, carried out ATM fraud and misappropriated members’ and credit union funds at their institutions are no longer permitted to work in any federally insured financial institution as […]
Credit unions are facing increasing risks from rising interest rates, shallow liquidity, and threats to cybersecurity, the board chairman of their federal regulator said Monday as he outlined agency responses to assist the financial institutions […]
A final rule on what makes a “reportable cyber incident,” and a proposed regulation that governs who can (and cannot) join a credit union were issued Thursday by the board of the federal credit union […]
Managing interest-rate risk and liquidity risk heads the list of five top management and performance challenges in 2023 identified for the National Credit Union Administration (NCUA) by its inspector general. In all, the NCUA Office […]
Regulations on credit union service organizations (CUSOs), management official interlocks, and member business lending (MBL) are just a few of the one-third of all agency rules being reviewed this year by the National Credit Union […]
A final rule on cyber incident notification requirements, a proposal to revise the agency’s chartering and field-of-membership (FOM) manual, and a report on the credit union share (deposit) insurance fund are the three items slated […]
A fraternal organization founded at a historically black university will now have its own credit union following the federal credit union regulator’s approval of a new charter, the agency said Thursday. Members Only Federal Credit […]
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