Three comments – all from credit unions – were filed on a proposal to redefine the phrase of “in danger of insolvency ” for purposes of an emergency merger, issued by the National Credit Union […]
An $86 million-asset Louisiana federal credit union, with more than 22,000 members, was liquidated Monday by the National Credit Union Administration (NCUA), after the agency determined the credit union was insolvent and had no prospect […]
Comments on two key issues will be reported next week by federal credit union and banking regulators. Comments were due Friday to National Credit Union Administration (NCUA) about a proposal on the definition of the […]
Two individuals were prohibited from “participating in the affairs” of any federally insured credit union, because of actions taken in August by the National Credit Union Administration (NCUA) and announced Friday. James Nathan Sheppard, a […]
New rules for advertising credit unions’ federal insurance coverage status were proposed Thursday that the National Credit Union Administration (NCUA) said were aimed at restoring a balance in regulatory burden for credit unions vis-à-vis that […]
A fund set up to stabilize corporate credit unions in the wake of the economic downturn will be merged Oct. 1 with the National Credit Union Share Insurance Fund (NCUSIF), setting the stage for credit […]
Credit unions need to take steps in advance to ensure they can implement the new “current expected credit loss” (CECL) accounting standard, even though the new standard doesn’t take effect until Dec. 31, 2021, the […]
The 13 federally insured credit unions in hurricane-ravaged Puerto Rico and the Virgin Islands have access to resources, including grants, the National Credit Union Administration (NCUA) said in a notice Tuesday. The credit union agency […]
A proposed merger of the federal credit union savings insurance fund with a fund set up to stabilize “corporate” credit unions in the wake of the financial crisis – which could result in between $600 […]
Awards totaling $39.5 million will be awarded to 56 federally insured credit unions from the Community Development Financial Institutions (CDFI) Fund, with nearly half (27) of the credit unions being first-time awardees, NCUA announced Thursday. According […]
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