The governing board of the federal agency that regulates credit unions on Thursday adopted a new enterprise risk appetite statement that provides agency management and staff guidance on how much risk the agency is willing […]
Updates to a cybersecurity evaluation tool for credit unions was released Tuesday by their federal regulator, the agency said. The National Credit Union Administration (NCUA) said the update to its Automated Cybersecurity Evaluation Toolbox (ACET) […]
With “phase 3” of its phased approach to returning to onsite operations following the a lengthy period of distancing amid the COVID-19 pandemic, the National Credit Union Administration (NCUA) is expected today to resume onsite […]
A public briefing on the federal regulator’s proposed 2023-2024 budget, which shows plans for increases of 8.1% and 10% over the next two years, is slated for 10 a.m. next Wednesday at agency headquarters in […]
Two federal credit unions – one serving employees of an electric power company, the other serving schools, colleges and universities – were placed in conservatorship Friday by the National Credit Union Administration (NCUA) because of […]
A proposed subordinated debt rule change intended to benefit eligible low-income credit unions (LICUs) that are participating in Treasury’s Emergency Capital Investment Program (ECIP) or other federal programs is out for comment until Dec. 5, […]
Title: Subordinated debt Subject: Maturities, regulatory capital Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is proposing to amend the Subordinated Debt rule (the Current Rule), which the Board finalized in December 2020 […]
A proposal to create a policy for federal credit union (FCU) member expulsion, aimed at least in part at addressing members who may be a threat to others, is out for comment until Dec. 2, […]
Title: Federal Credit Union Bylaws Subject: Member expulsion Agency: NCUA Status: Proposed rule Summary: On March 15, 2022, Congress enacted the Credit Union Governance Modernization Act of 2022 (Governance Modernization Act). Under the statute, the […]
A former chief executive officer of PNG Northern Federal Credit Union of Vandergrift, Pa., has been barred from future service in any federally insured financial institution over findings of check kiting and related activity that […]
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