Meeting: NCUA Board
The NCUA Board will meet in open session to consider one item: NCUA Rules and Regulations, Compensation in Connection with Loans to Members. A closed meeting will follow; the closed meeting agenda includes a consent […]
NCUA
Meeting: CECL webinar (federal banking and credit union regulators)
Ask the Regulators: Changes to the Current Expected Credit Losses accounting standard The webinar will cover the significant differences financial institutions should expect in their accounting procedures following the CECL changes, scheduled for 2022. Hosted […]
NCUA
Agency points to more information about $160 million insurance fund equity distribution, to be made in second quarter
More information about a more than $160 million dividend distribution to credit unions from the federal insurer of credit union savings – to be paid in the second quarter of the year (which starts next […]
FDIC
UPDATED: Webinar will look at changes ahead due to CECL accounting standard
A webinar on the new current expected credit loss (CECL) accounting standard that will cover “significant differences” credit unions and other financial institutions should expect once the standard takes full effect is set for April […]
FDIC
Regulators vow regulatory assistance to institutions in inundated Midwest
Federal banking and credit union regulators – along with state supervisory authorities – will provide “appropriate regulatory assistance” to financial institutions they oversee that are affected by the massive flooding in the upper Midwest, the […]
NCUA
Credit union regulator on cusp of deploying new recordkeeping system
A new system of record keeping meant to fulfill the agency’s obligations under federal privacy statutes is up for comment by the federal credit union regulators; a notice is set to be published Tuesday in […]
NCUA
Loans to Members and Lines of Credit to Members
Title: Loans to Members and Lines of Credit to Members Subject: Lending Agency: NCUA Status: Final rule Summary: The NCUA Board is amending its regulations regarding loans to members and lines of credit to members […]
NCUA
Senate confirms two new NCUA Board members, bringing panel to full complement
Rodney E. Hood and Todd M. Harper were confirmed by the Senate late Thursday on a unanimous consent vote to two seats on the NCUA Board. Once they are sworn into office, the pair will […]
FDIC
Bank, credit union federal deposit insurers release 4Q state profile data
State profiles of bank and credit union trends during the fourth quarter of 2018, along with economic indicators, were released Thursday by the Federal Deposit Insurance Corp. (FDIC) and National Credit Union Administration (NCUA). The […]
NCUA
Credit union share insurance fund logs $226.5 million net income in 2018
The fund that insures savings in credit unions had $226.5 million in net income last year and a net position of $15.7 billion as of Dec. 31, according to a report Thursday to the National […]