NCUA Board meeting
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 […]
NCUA
NCUA
Legal opinion: Federal credit union can serve those who share core belief, practices with its membership group
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 […]
NCUA
IG cites weaknesses in credit union regulator’s records management program
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 […]
FDIC
Regulators: ‘Supervisory burden reduction’ focus will be on 4 areas going forward
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 […]
NCUA
Agency points to closing fund (expected to return millions to credit unions) among 5 ‘most significant actions’ in 2017
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 […]
NCUA
Agency opens ‘streamlined’ CDFI application process for eligible credit unions March 19
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 […]
FDIC
Report suggests ‘options’ for Treasury to consider as it reviews community reinvestment (CRA) requirements
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 […]
NCUA
Proposals to update bylaws, define rules for contractors, approved for comment by credit union regulator
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 […]
NCUA
$4 million Chicago credit union credit union conserved
A $4 million credit union in Chicago, with about 1,300 members, was placed into conservatorship by the National Credit Union Administration (NCUA) Wednesday; the credit union remains open and serving its members. NCUA said that […]
NCUA
Credit union regulator adds second item to closed meeting
A second item has been added to the agenda for a closed meeting of the National Credit Union Administration (NCUA) Board when it meets Wednesday – this one regarding a supervisory action. According to NCUA, […]