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  • [ April 3, 2026 ] Former banker prohibited after theft of funds used to replenish ATMs The Fed
  • [ April 3, 2026 ] One-member NCUA Board to hear briefings on several subjects – but take no action NCUA
  • [ April 3, 2026 ] CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows FDIC
  • [ April 2, 2026 ] Comptroller promotes two to positions overseeing bank chartering, policies activities OCC
  • [ April 2, 2026 ] Small PA credit union closed after regulator found it was ‘insolvent, no prospect’ for viable operations NCUA
HomeLetter to Federal Credit Unions

Letter to Federal Credit Unions

NCUA

NCUA assigns post-exam surveys of credit unions to third party

February 13, 2025 0

The voluntary, post-examination survey of federal credit unions (FCUs) that has been in use since 2021 will be administered by an external vendor instead of their federal regulator’s ombudsman beginning in March, the agency said […]

NCUA

FCUs’ payments of operating fees, insurance fund deposit adjustments due April 18

February 11, 2025 0

Federal credit unions will be invoiced by their federal regulator next month for this year’s operating fees plus any adjustment due on their capitalization deposit in the federal fund that insures their members’ shares (deposits), […]

No Picture
COVID-19 actions

Emergency exemption for ‘virtual-only’ FCU membership, board meetings expires Dec. 31

December 20, 2022 0

A COVID-19-related bylaw amendment for authorizing virtual-only membership and board meetings by federal credit unions (FCUs)  is set to expire Dec. 31, according to a letter from the institutions’ federal regulator. The bylaw was approved […]

COVID-19 actions

NCUA, in letter, encourages credit unions to expand to underserved areas

January 11, 2021 0

Citing the aim of promoting greater financial inclusion and helping communities meet the challenges of the ongoing COVID-19 pandemic, the federal regulator of credit unions is encouraging eligible institutions – federal credit unions (FCUs) with […]

Today

  • Former banker prohibited after theft of funds used to replenish ATMs

    April 3, 2026 0
    A former North Carolina banker was prohibited after pleading guilty to alleged embezzlement of more than $33,000, the Federal Reserve said Friday. In a release, the Fed said Mollie Morrow, a former sales representative for United Bank in Washington, N.C., [...]
  • One-member NCUA Board to hear briefings on several subjects – but take no action

    April 3, 2026 0
    Brokered and reciprocal deposits, and a deregulation plan, are on the agenda for a meeting of the one-member board of the federal credit union regulator set for April 9, the agency said late Thursday. The National Credit Union Administration (NCUA) [...]
  • CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows

    April 3, 2026 0
    Three banks rated “outstanding” and 35 deemed “satisfactory” for their performance under the anti-redlining Community Reinvestment Act (CRA) were on the latest list of banks rated by the Federal Deposit Insurance Corp. (FDIC) in January. The list, released Friday, shows [...]
  • Comptroller promotes two to positions overseeing bank chartering, policies activities

    April 2, 2026 0
    Policies and “executive direction” on federal bank applications, chartering, and corporate activities, policies, processes, and requirements will be set by two executives at the national bank regulator, the agency said Thursday. Jason Almonte and Sebastian Astrada have been promoted to [...]
  • Small PA credit union closed after regulator found it was ‘insolvent, no prospect’ for viable operations

    April 2, 2026 0
    A small Pennsylvania credit union was liquidated after the federal regulator found it “was insolvent and had no prospect for restoring viable operations,” the agency said late Wednesday. Copper & Glass Federal Credit Union (FCU) in Glassport, Penn., was closed [...]
  • Comptroller withdraws guidelines on recovery planning for larger banks; cites achieving goal of erasing ‘unnecessary regulatory burden’

    April 1, 2026 0
    Recovery planning guidelines will be rescinded for some large banks under a final rule issued Wednesday by the national bank regulator. The rule takes effect 30 days after its publication in the Federal Register, the Office of the Comptroller of [...]
  • TIL, EFT, flood insurance lead FDIC consumer compliance supervisory highlights; EFT moves higher in list

    April 1, 2026 0
    Violations of truth-in-lending, electronic fund transfer and flood insurance regulations were among the top consumer regulatory abuses reported by bank in 2025, the federal bank deposit insurance agency said Wednesday. In its semi-annual report on consumer compliance supervision for last [...]
  • Bank trading revenue at $14.9 billion in Q4 2025, OCC says; down from Q3 and from year ago

    April 1, 2026 0
    U.S. commercial banks had $14.9 billion in cumulative trading revenue in the fourth quarter of 2025 – down $2.9 billion, or 16.3%, from the previous quarter and $680 million, or 4%, from a year earlier, the Office of the Comptroller [...]
  • 4 banks rated ‘outstanding’ for CRA, OCC says; other 14 are ‘satisfactory’

    April 1, 2026 0
    Four of the 18 banks that received Community Reinvestment Act (CRA) evaluation ratings in March from the national bank regulator were deemed “outstanding,” with the remaining 14 rated “satisfactory,” according to information released Wednesday. The four “outstanding” ratings under the [...]

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