A proposed subordinated debt rule change intended to benefit eligible low-income credit unions (LICUs) that are participating in Treasury’s Emergency Capital Investment Program (ECIP) or other federal programs is out for comment until Dec. 5, […]
Title: Subordinated debt Subject: Maturities, regulatory capital Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is proposing to amend the Subordinated Debt rule (the Current Rule), which the Board finalized in December 2020 […]
A proposal to create a policy for federal credit union (FCU) member expulsion, aimed at least in part at addressing members who may be a threat to others, is out for comment until Dec. 2, […]
Title: Federal Credit Union Bylaws Subject: Member expulsion Agency: NCUA Status: Proposed rule Summary: On March 15, 2022, Congress enacted the Credit Union Governance Modernization Act of 2022 (Governance Modernization Act). Under the statute, the […]
A former chief executive officer of PNG Northern Federal Credit Union of Vandergrift, Pa., has been barred from future service in any federally insured financial institution over findings of check kiting and related activity that […]
How credit unions and their members can prepare for, and remain resilient in the face of, climate-related disasters is the focus of a webinar set for next month co-hosted by the federal credit union regulator […]
Nearly $400 million will be distributed among 1,500 credit unions – with about 80% of the distribution going to about 400 of the institutions – by the end of next month, their federal regulator said […]
Amber Gravius has been named Director of the Office of Business Innovation and Chief Data Officer for the National Credit Union Administration (NCUA), the agency announced Tuesday. According to the NCUA, Gravius previously served in […]
A Kansas City, Mo., credit union became the first federal credit union charter issued this year by the federal credit union regulator, the agency announced Thursday. The charter was officially issued July 22; operations are […]
A free, online webinar focusing on Bank Secrecy Act (BSA) trends and challenges, and updates on BSA compliance, is slated Aug. 24 by the federal credit union regulatory agency. The National Credit Union Administration (NCUA) […]
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