Calculating and recording the distribution of nearly $736 million in equity from the federal insurance fund for credit unions is the aim of a new online resource offered by the insurance fund’s federal manager, the […]
Provisions of a loan participation transaction at a credit union must meet regulatory requirements throughout the life of the loan, and each loan must be treated independently, according to a legal opinion letter issued by […]
Open meeting of the NCUA Board to begin at 10 a.m. MATTERS TO BE CONSIDERED: Final Rule, Part 702, Capital Planning and Stress Testing. Final Rule, Part 740, Accuracy of Advertising and Notice of Insured […]
A federal credit union chartered to serve Anabaptists and Mennonites is also permitted under the Federal Credit Union (FCU) Act to serve “individuals who share a core doctrinal belief and set of practices with those […]
The National Credit Union Administration’s Office of Inspector General issued two reports in mid-March on 1) the agency’s records management program and 2) its charge card programs. The records management audit showed no comprehensive program […]
Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]
Closing the temporary fund meant to resolve troubled corporate credit unions is among the top achievements cited by the federal regulator of credit unions in its annual report for last year. In its annual report […]
The streamlined application process opens Monday for qualified federally insured, low-income credit unions interested in becoming community development financial institutions, the federal credit union regulator said Friday. In a release, the National Credit Union Administration […]
Options for financial institutions to consider in generating more lending to low- to moderate-income (LMI) borrowers should be considered by the Treasury Department as it reviews how community reinvestment requirements are being applied, a new […]
A proposal to adjust credit union bylaws and another addressing procurement processes were approved for publication by the National Credit Union Administration (NCUA) Board at its March monthly meeting; both were issued for 60-day comment […]
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