Credit unions’ federal regulator is ending its one-year-old requirement that credit unions with more than $1 billion in assets report their year-to-date overdraft and non-sufficient fund (NSF) fee income, the agency says. The National Credit […]
A former employee of Altana Federal Credit Union in Billings, Mont., is barred from any future work in federally insured financial institutions under a consent prohibition order by the National Credit Union Administration (NCUA). The […]
The federal fund that insures member deposits in credit unions closed 2024 at an equity ratio of 1.3%, 20 basis points higher than projected but 30 basis points less than the fund’s normal operating level […]
No regulatory action items are on the brief agenda for Thursday’s open meeting of the National Credit Union Administration (NCUA) Board, though the board is slated to receive a report on the federal share insurance […]
A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general […]
The agency’s four funds earned unmodified, or “clean,” audit opinions for 2024, the National Credit Union Administration said Thursday. The funds – National Credit Union Share Insurance Fund, Operating Fund, the Central Liquidity Facility, and […]
The voluntary, post-examination survey of federal credit unions (FCUs) that has been in use since 2021 will be administered by an external vendor instead of their federal regulator’s ombudsman beginning in March, the agency said […]
Credit unions’ federal regulator this week reminded of changes to the agency’s examination and scheduling policy in connection with December’s budgeting decisions for 2025-2026. The new policy at the National Credit Union Administration (NCUA), detailed […]
Federal credit unions will be invoiced by their federal regulator next month for this year’s operating fees plus any adjustment due on their capitalization deposit in the federal fund that insures their members’ shares (deposits), […]
A former Michigan credit union worker – convicted last fall of embezzlement and forgery – has been served with a notice of prohibition by the federal regulator, the agency said Friday. It was the only […]
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