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.
The “normal operating level” (NOL) – or target equity ratio – for the federal fund that insures depositors’ money in credit unions will drop five basis points, from 1.38% to 1.33%, as of Jan. 1 […]
Three final rules were approved Thursday, by unanimous votes, to authorize federal credit unions’ (FCUs) purchase of mortgage servicing assets (MSAs) from other insured credit unions, create a complex credit union liquidity ratio (CCULR) framework, […]
A set of guidelines aimed at clarifying federally insured credit unions’ (FICUs) authority to establish relationships with third-party providers that offer digital asset services to their members – along with key safety and soundness considerations […]
An application released in October to facilitate credit unions’ self-testing of their cybersecurity preparedness costs nothing and can be downloaded via the agency’s website, the agency said in a letter Wednesday to insured credit unions. […]
Comments are due Jan. 24 on the 2022-26 strategic plan for the federal credit union regulator, the agency said Wednesday. The National Credit Union Administration (NCUA) said it is specifically looking for comments on the […]
A self-initiated inspector general review of the federal credit union regulator’s work posture during the COVID-19 pandemic shows the agency “took actions designed to protect the health and safety of staff in response to COVID-19 […]
Kelly Lay is the new top examination executive for the federal credit union regulator, the agency announced Monday, replacing the retiring top staffer at the start of the year. The National Credit Union Administration said […]
The federal credit union regulatory agency’s 2022 budget and a final rule on mortgage servicing rights are two of five items slated for consideration by the agency’s board during its open meeting next week. Also […]
Credit unions improved their net worth ratios in the third quarter compared to the previous quarter, and kept their return on aggregate average assets stable, according to call report results released Monday by their federal […]
The federal credit union regulator’s schedule of other assets and contributed capital as of Sept. 30, 2021, presents information fairly and in conformity with U.S. generally accepted accounting principles (GAAP), the agency’s Office of Inspector […]
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