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 […]
The borrowing authority for the facility designed to help credit unions meet liquidity demands, particularly due to the financial impact of the coronavirus crisis, rose to $25.8 billion by the end of May – an […]
A 40-minute webinar explaining the workings of the Central Liquidity Facility (CLF) is available on demand via the National Credit Union Administration’s (NCUA) website, the agency said Tuesday. The webinar, with opening remarks by NCUA […]
The liquidity facility run by the federal credit union regulator will be able to borrow more than $13 billion to meet the liquidity needs of 3,700 credit unions through this year-end under membership subscriptions enabled […]
The Democratic member of the National Credit Union Administration (NCUA) Board last week outline five priorities for congressional action to better equip the agency to contain the impact on the credit union industry of the […]
The federal regulator of credit unions issued a letter to the industry Thursday emphasizing the importance of as many credit unions as possible subscribing to its liquidity facility to maximize support to all credit unions, […]
Two interim final rules to give regulatory relief, as well as temporary real estate appraisal relief, to credit unions through Dec. 31 of this year amid the ongoing coronavirus (COVID-19) pandemic were adopted unanimously by […]
Eliminating the six-month waiting period for new members to receive a loan is one of several “enhancements” for the lending arm of the federal credit union regulator that was approved by the agency’s board Monday. […]
Rules related to regulatory relief in response to the coronavirus crisis, as well as those implementing legislative changes related to the agency’s liquidity facility for credit unions, are on the agenda for the board of […]
The four funds administered by the federal regulator of credit unions – the National Credit Union Share Insurance Fund (NCUSIF), the agency’s operating fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan […]
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