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.
Out of three possible ratings – pass, pass with deficiencies, or fail – the inspector general office of the federal credit union regulatory agency garnered a “pass” rating in a recent peer review of its […]
A former employee of Newark Firemen Federal Credit Union, Newark, N.J., has been prohibited from any future involvement in the affairs of a federally insured depository institution under a consent order announced Thursday by the […]
More than 100 technical assistance grants, totaling $1.6 million, were awarded by the federal credit union regulator to small institutions in 2021 – but that covered only about one-third of the requests for assistance it […]
Social engineering and phishing attacks are among the cyberattacks that credit unions should be wary of, particularly as the war in Ukraine continues, the institutions’ federal regulator said Thursday. In a risk alert, the National […]
Updates intended to modernize policies and procedures for administrative proceedings at bank and credit union regulators were proposed Tuesday by the agencies. Specifically, the agencies said the proposal was intended to align the rules with […]
Ownership requirements related to shared locations are the only change made for multiple-common-bond federal credit unions adding groups or underserved areas under a new rule that took effect late last year, the institutions’ federal regulator […]
A 2022 performance plan and a strategic plan covering the remainder of this year through 2026 were approved Thursday by the federal credit union regulator board during its regular monthly meeting. The performance plan, according […]
The agency’s annual strategic and performance plans will be up for consideration at the next meeting of the federal credit union regulator’s board March 17, the agency said Thursday. The board of the National Credit […]
Of seven top management and performance challenges faced by the agency in 2022, a report just released by the federal credit union regulator’s inspector general office states, three of the challenges are newly identified: ensuring […]
A Letter to Credit Unions explaining changes that added components to the agency’s examination rating system to account for a credit union’s sensitivity to market risk and redefine the system’s definition of liquidity risk was […]
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