The former CEO of the now-defunct C B S Employees Federal Credit Union of Studio City, Calif., got away with embezzlement for about 20 years undetected by staff or the credit union’s federal regulatory agency […]
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 […]
A final interagency policy statement in response to the impending, new “current expected credit losses” (CECL) accounting standard and addressing allowance for credit losses (ACLs) at credit unions will be considered by the federal credit […]
One-third of the regulations published by the federal regulator of credit unions is under review this year, and the agency is accepting input on those rules until Aug. 3. The National Credit Union Administration (NCUA) […]
Six credit unions will pay a total of $2,259 in civil money penalties (CMPs) for filing late call reports at mid-year, the federal credit union regulator said Monday. The National Credit Union Administration (NCUA) said […]
The National Credit Union Administration (NCUA) Board will hold a closed meeting to consider a supervisory matter that is closed pursuant to exemptions (8), (9)(i)(B), and (9)(ii).
Seven former credit union employees were barred from any future involvement in the affairs of a federally insured financial institution under six prohibition notices and one order issued in January, according to a release Friday […]
A supervisory matter is the sole agenda item published for a Feb. 6 special meeting announced Thursday for the National Credit Union Administration (NCUA) Board. The meeting is set for 10 a.m. in the board […]
Comments are due to the National Credit Union Administration (NCUA) on its proposed rule to add regulatory language governing credit unions’ acquisitions of bank assets. The proposal, released Jan. 23, would add subpart D to part […]
A proposed rule to add regulatory language governing credit unions’ acquisitions of bank assets has a public comment deadline of March 30, according to a notice in Thursday’s Federal Register. The proposal, released Jan. 23 […]
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