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.
A final rule adopted June 24 to permit credit unions to extend financing of interest in connection with loan workouts and modifications is set to take effect July 30, according to a notice Wednesday in […]
The inspector general at the agency that charters, supervises and insures credit unions told Congress this month that the agency’s programs are not susceptible to significant improper payments based on a required review conducted for […]
More than $865 million will be distributed by September to credit unions that were account holders at three failed corporate credit unions as the federal credit union regulator closes its program to resolve the institutions, […]
A rule that removes the prohibition on federally insured credit unions’ (FICUs) financing of interest in connection with loan workouts and modifications was approved Thursday on a unanimous, 3-0 vote of the National Credit Union […]
Federally insured credit unions (FICUs) will be able to phase in over a three-year period the day-one adverse impacts on net worth of the current-expected-credit-loss (CECL) accounting standard under a final rule approved Thursday by […]
The loan interest rate ceiling for loans by federal credit unions will remain at 18% through March 10, 2023, under action taken by unanimous vote Thursday by the National Credit Union Administration (NCUA) Board – […]
The agency’s second-ever Diversity, Equity, and Inclusion (DEI) Summit for credit union leaders, trade and support organizations and professionals in the field will be held virtually on Nov. 2-4, the National Credit Union Administration (NCUA) […]
Updates to four sections of the Bank Secrecy Act/anti-money laundering (BSA/AML) examination manual for financial institution examiners were announced Monday by the federal financial institution regulators’ umbrella examination council. The manual, published by the Federal […]
Final rules on the current expected credit loss methodology and capitalization of interest, and action on the federal credit union (FCU) loan interest rate ceiling, are on the agenda for the June 24 open meeting […]
New rules for credit unions governing their purchases of banks and mitigating the impact of the current expected credit loss (CECL) accounting standard are slated for action as soon as this month by the federal […]
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