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.
Title: Corporate Credit Unions Subject: Corporate credit unions; subordinated debt Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule that amends the NCUA’s corporate credit union regulation. The final […]
Final rules on subordinated debt and corporate credit unions – and a proposed rule on risk-based net worth, COVID-19 regulatory relief – are scheduled to be published in the Federal Register Tuesday, which opens the […]
An audit of the federal credit union regulator’s consumer complaint program produced good marks overall but identified issues surrounding internal controls over complaint processing and communications with stakeholders, a report released recently shows. The audit […]
The federal fund that insures savings in credit unions saw its equity ratio rise four basis points (bp) in the final six months of 2020 to 1.26%, growth that occurred only amid continuing pressure from […]
A final rule permitting the use of records other than signed membership cards or account signature cards as evidence that a jointly owned account qualifies for share insurance coverage apart from individually owned accounts was […]
A webinar on the Earned Income Tax Credit and Volunteer Income Tax Assistance (VITA) programs will be held Feb. 23 and co-sponsored by the federal credit union regulator and the Internal Revenue Service (IRS), the […]
While four funds administered by the federal credit union regulator all earned unmodified or “clean” audit opinions for 2020, the agency’s inspector general still outlined a number of 2021 challenges for credit unions that could […]
A final rule on what records can be used to support the insured status of a joint ownership share account is slated for action during an open meeting to be held virtually next Thursday by […]
Eligible credit unions interested in getting some of the $9 billion in capital provided for under the recently enacted Emergency Capital Investment Program at Treasury were encouraged to begin working on their applications sooner rather […]
Credit unions required to file reports on home mortgage loan applications made last year have until March 1 to do so, their federal regulator told them Wednesday. In a Regulatory Alert (21-RA-03), the National Credit […]
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