NCUA event: Budget briefing
The Oct. 18 budget briefing will be held in the NCUA Board meeting room and run for approximately two hours. A livestream of the briefing also will be available through a link on ncua.gov. Due […]
NCUA
NCUA
Revised opinion: no prohibition on bond covering CU service organizations
In a change of opinion, NCUA’s general counsel has decided the “individual policy” requirement of credit union fidelity bonds does not prohibit a credit union from having a bond also covering its credit union service […]
NCUA
In final notice, agency leaves door ajar for changes to ‘normal operating level’
The “normal operating level” of reserves for the fund that protects savings in credit unions will be reviewed “periodically” by the National Credit Union Administration (NCUA) Board, with action on revising the level taken only […]
NCUA comments due
National Credit Union Administration Draft 2018-2022 Strategic Plan Federal Register summary: The NCUA Board (Board) is requesting comment on its 2018-2022 Draft Strategic Plan. The NCUA 2018-2022 Draft Strategic Plan summarizes our analysis of the internal and […]
NCUA comments due
Accuracy of Advertising and Notice of Insured Status Federal Register summary: The NCUA Board (Board) proposes to revise certain provisions of NCUA’s advertising rule to provide regulatory relief to federally insured credit unions (FICUs). The advertising […]
NCUA
‘Emergency merger’ proposal draws three comments
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 […]
NCUA
Agency liquidates 3rd credit union of year; $86 million institution
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 […]
FDIC
NEXT WEEK: Appraisal, mergers comments reported; MDI committee meets
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 […]
NCUA
Two prohibited from participating in credit unions
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 […]
NCUA
Proposal gives insured credit unions a more practical approach in TV, radio ads
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 […]