Limited reviews of three credit unions that were merged with other institutions in 2025 and this spring – and which caused losses to the National Credit Union Share Insurance Fund (NCUSIF) – were released recently […]
Guidance issued Monday by the federal bank and credit union regulators reminds supervised institutions of their obligations related to credit risk management with regard to borrowers who are not legally authorized to work in the […]
A tiny Missouri credit union is now under the control of its federal regulator as the agency works to resolve issues resulting from its unsafe, unsound practices, the agency said late Friday. WeDevelopment Federal Credit […]
The federal credit union regulator is accepting applications for loans from its Community Development Revolving Loan Fund (CDRLF), with a total of $13 million available for loans to low-income-designated credit unions. The National Credit Union […]
A total of $3.47 million in grants across six initiatives promoting innovation, capacity building, training and more were awarded to 97 low-income-designated credit unions, the federal credit union regulator said Monday. The National Credit Union […]
Establishing and maintaining “an effective” customer identification program (CIP) for permitted payment stablecoin issuers (PPSIs) was proposed Thursday by federal banking and credit union regulators, and the Treasury’s financial crimes enforcement unit. The proposal, issued […]
A mid-year budget update is on the agenda for the federal credit union regulator’s one-man board when he gavels in the meeting June 24, at 10 a.m. ET. According to the National Credit Union Administration […]
Guidance on records preservation for credit unions concerning the length of time credit unions should retain various types of operational records was removed from the federal regulator’s regulations under a final rule adopted Monday. According […]
Promoting “interoperability” by the establishment of joint data standards for financial regulatory data is the aim of a final rule issued Thursday by the five federal financial regulatory agencies. The rule, which applies the Financial […]
Credit unions saw their loans outstanding rise by 4.6% (to $1.73 trillion) at the end of the first quarter of this year over the same point a year ago – but also saw the ratio […]
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