A final rule that updates and clarifies federal rules on credit union loan participations, shifting the regulatory framework from a prescriptive structure to a principles-based system, is slated to take effect Oct. 30, according to […]
Findings of four new weaknesses are detailed in a recent Office of Inspector General (OIG) report on the National Credit Union Administration’s (NCUA) compliance with the Federal Information Security Modernization Act (FISMA) and agency information […]
An updated version of a tool aimed at helping credit unions comply with current-expected-credit-loss (CECL) accounting requirements was released Monday by the National Credit Union Administration (NCUA), intended to be in time for completing call […]
Action on proposed updates to the agency’s rules on loan participation and a report on the credit union share insurance fund are slated next Thursday by the federal regulator of credit unions. The proposed rule, […]
Warning signs for credit unions include interest rate and liquidity risks, rising delinquency rates, growing balances on home equity lines of credit and other second liens, and increasing net charge-off ratios, the chairman of the […]
A $76 million distribution to credit unions that were paid-in capital shareholders of the former U.S. Central Corporate Federal Credit Union is scheduled to be completed before the end of this month, the National Credit […]
A note of “cautious optimism” was struck by the chairman of the federal credit union regulatory agency Thursday regarding second-quarter call report data from federally insured credit unions (FICUs). National Credit Union Administration (NCUA) Board […]
A petitioner who reportedly sought to form a federally chartered credit union to serve a community with a population exceeding 5 million failed to submit information that would show the institution to be viable and […]
Credit unions can learn how to participate in the IRS Volunteer Income Tax Assistance (VITA) program during a webinar slated Sept. 7 and co-hosted by the IRS and National Credit Union Administration (NCUA). The NCUA […]
Federal and Hawaii state financial institution regulators pledged Thursday to provide appropriate regulatory assistance to supervised banks and credit unions affected by the Hawaii wildfires. In a joint statement, the agencies – the Federal Reserve […]
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