The NCUA Board is seeking comments on ways to improve the agency’s regulations limiting a credit union official’s and employee’s compensation in connection with loans to members and lines of credit to members.
The nation’s federally insured credit unions declined in number by 195 to a total of 5,335 as the system’s total assets, loans and membership continued to grow over the 12-month period ending March 31, according […]
A federal awards program that encourages banks to increase their community development activities, including through investments in credit unions that are certified as community development financial institutions (CDFIs), will be explained during a June 12 […]
Plans at credit unions’ federal regulatory agency to add an “S,” for market risk Sensitivity, to the CAMEL rating system now suggest final implementation may not occur before year-end 2021, according to the latest semiannual […]
Proposed and final rules on such diverse topics as “subordinated debt/regulatory capital” and payday loans are expected to be addressed by the federal regulator of credit unions in the upcoming months. According to spring 2019 […]
Two former employees of credit unions in Tennessee and New York were barred in May from future participation in the affairs of any federally insured financial institution, with one of those employees receiving a jail […]
Title: Public Unit and Nonmember Shares Subject: Nonmember deposits Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the NCUA’s public unit and nonmember share rule to allow federal credit unions (FCU) […]
A comment deadline of July 29, or about that date, is slated for a proposed rule issued last week that would increase the amount of public unit and nonmember shares that could be held by […]
A release issued Wednesday by the federal regulator of credit unions affirms the agency’s planned participation in financial industry regulators’ June 18 webinar providing updates to the federal flood insurance rule. The one-hour webinar, set […]
Private flood insurance policies for applicable loans must be accepted by credit unions beginning July 1, the board chairman for the federal regulator of credit unions said Tuesday. In a Regulatory Alert sent to all […]
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