NCUA – Page 38 – Regulatory Report

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[ April 30, 2025 ] 2 Dems in Senate, House want IG to investigate NCUA Board member firings NCUA
[ April 30, 2025 ] Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’ NCUA
[ April 30, 2025 ] Three former credit union workers prohibited in April, agency reports NCUA
[ April 29, 2025 ] NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board NCUA
[ April 29, 2025 ] Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts OCC

Asset Threshold for Determining the Appropriate Supervisory Office

March 3, 2022 0

Title: Asset Threshold for Determining the Appropriate Supervisory Office Subject: ONES supervision Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending its regulations to revise the $10 billion asset threshold used for […]

Agency to end conservatorship of small GA credit union by middle of month

March 2, 2022 0

A $43 million, Georgia credit union will soon be back in the hands of its members after being conserved about two years ago, its federal regulator said Tuesday. Southern Pine Credit Union of Valdosta, Ga., […]

2 NCUA Board members talk innovation before credit union audience

March 1, 2022 0

Fintech and cryptocurrency were among the key topics Tuesday of addresses by two members of the National Credit Union Administration (NCUA) Board before a Washington, D.C., audience of credit union leaders and staff. Speaking before […]

Overdraft fees, consumer compliance remain key priorities, credit union regulator asserts

February 28, 2022 0

Credit unions can expect a review of their overdraft fee programs during examinations this year, their federal regulator’s ultimate intent being to use what’s learned in the reviews for “a more thorough review” next year, […]

Former AR credit union employee barred from future service in insured FIs

February 28, 2022 0

A former Ark City Teachers Credit Union employee who allegedly embezzled some $1.024 million from the Arkansas City, Ark., institution is barred from any future involvement in the affairs of a federally insured depository institution […]

Credit unions to share $560 million distributed from failed ‘corporate’ credit unions in fourth payout by federal regulator

February 28, 2022 0

More than $560 million will be distributed to more than 2,100 credit union shareholders by their federal regulator, the agency said Monday, in capital and dividends from conserved “corporate” credit unions. The distributions are expected […]

Credit unions urged to adopt ‘heightened sense’ of cybersecurity in wake of Russia Ukraine invasion

February 24, 2022 0

Big or small, financial institutions around the U.S. should be on guard for cyberattacks following Russian’s invasion of Ukraine, and allied responses to it, the federal credit regulator said Thursday. Passing along two alerts from […]

Webinar on call report changes repeated, new one set for CAMELS, by credit union regulator

February 24, 2022 0

Webinars on changes in the first credit union call report of 2022, and for the regulatory exam rating system, are planned by their federal regulator for March 8 and 10, respectively. The National Credit Union […]

Credit union regulator drops ‘streamlined’ application process for CDFI Fund, leaves it to Treasury

February 24, 2022 0

A “streamlined” application process is being phased out for credit unions eligible to be certified as a community development financial institution (CDFI), the federal credit union regulator said Thursday. Instead, the National Credit Union Administration […]

ECOA requirements, prohibitions outlined in NCUA letter to credit unions

February 23, 2022 0

Nondiscrimination requirements under the Equal Credit Opportunity Act (ECOA) and fair lending risk areas related to marital status, age, income consideration, redlining, and indirect lending are the focus of a letter issued Wednesday to credit […]

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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 Todd Harper and Tanya Otsuka. [...]
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 liquidated Unilever Federal Credit Union [...]
Three former credit union workers prohibited in April, agency reports

April 30, 2025 0

Three former credit union workers were prohibited in April from further work in federally insured financial institutions, the federal regulator announced Wednesday. The National Credit Union Administration (NCUA) said the three individuals were: Anh-Thu Nguyen, a former worker of Goldenwest [...]
NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board

April 29, 2025 0

A lawsuit filed Monday by the two Democrats fired recently from their board posts at the National Credit Union Administration (NCUA) seeks their reinstatement and asserts that with its two vacancies, the NCUA Board now lacks the quorum required to [...]
Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts

April 29, 2025 0

Calling artificial intelligence (AI) a “powerful technology,” the regulator of national banks said Tuesday it can be used to help banks make more informed decisions – but only if it is built and used responsibly, such as in supporting financial [...]