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 fund that insures member savings in federally insured credit unions had $46.3 million in net income and $19.8 billion in assets in the second quarter of 2021, but the fund’s operating level remained well […]
A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule taking effect Jan. 1 – was approved unanimously […]
Three final rules will be taken up – one each from October through December – affecting permissible activities by credit union service organizations (CUSOs), the definition of shared facilities, and the purchase of mortgage servicing […]
A small Charleston, S.C., credit union became the third to be liquidated this year by the federal credit union regulator late last week, as the agency determined it was insolvent and had no prospect for […]
A proposed rule on subordinated debt will be on the agenda of the federal credit union regulator’s board when it meets Sept. 23, according to an agenda published Thursday by the agency. According to the […]
A report that provides a state-by-state look at second quarter 2021 data from credit unions’ call reports, focusing on median growth trends, was released Wednesday by the federal credit union regulator. The National Credit Union […]
A survey pilot set to launch Monday and administered by the agency’s ombudsman will seek input from credit unions on the agency’s pre-examination, reporting, and post-examination requirements, the National Credit Union Administration (NCUA) said in […]
The federal regulator of credit unions is making $100,000 available for minority depository institution (MDI) mentoring grants to eligible credit unions, the agency announced Wednesday. The National Credit Union Administration (NCUA) said federally insured credit […]
Credit unions saw their net income rise by more than 77% in the first half of 2021, from year-end 2020, expanding it to $21.3 billion over the six-month period, the federal regulator of credit unions […]
More than 100 low-income credit unions were awarded grants totaling $1.5 million to expand their outreach to underserved communities and improve digital services and security, the federal credit union regulator said Sept. 1. The grants […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info