Credit unions saw growth in lending and return on average assets (ROAA) at midyear compared to a year earlier — but also saw loan delinquency rates rise during the same period, according to figures released […]
The federal credit union regulator will no longer include reviews for disparate impact in its examination and supervision of federally insured credit unions, the agency said Thursday. The National Credit Union Administration (NCUA) removed such […]
After a determination of “imminent insolvency” by its federal regulator, a Maryland credit union was closed late Friday, allowing another credit union in the state to assume the members and shares of the shuttered institution. […]
A former Wisconsin credit union CEO who reportedly caused her credit union losses exceeding $1.7 million is permanently barred from service in any federally insured financial institution, according to a consent order announced Friday by […]
The federal credit union regulator’s information security program was found to be “effective overall” in a recent independent audit report, but the auditor reported five new weaknesses in the controls selected for review and gave […]
Registration for the off-the-record “strategic plan” town hall slated for Sept. 9 by the federal credit union regulator remains open until Friday, the agency reminded in a release Wednesday. The meeting, to be held virtually, […]
Keith Morton, director of the Southern Region for the National Credit Union Administration (NCUA) and past president of the agency’s Asset Management Assistance Center (AMAC), is retiring Friday, Aug. 29, the agency said. Morton has […]
A “strategic plan town hall” closed to all but industry representatives and their partner organizations will be held Sept. 9 by the National Credit Union Administration (NCUA) to discuss the agency’s strategic plan and priorities, […]
Tips for improving coordination between credit unions and their federal examiners to boost efficiency are contained on a new website launched Wednesday, the credit union regulator said. The National Credit Union Administration (NCUA) said it […]
A former loan officer for MassMutual Federal Credit Union (Springfield, Mass.) who reportedly caused more than $900,000 in losses to his credit union has been barred from any future work in any federally insured depository […]
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