A reminder that credit unions must comply with rules governing disclosure in mortgage loans, particularly those meeting four criteria, is outlined by their federal regulator in a “regulatory alert” issued Wednesday. The National Credit Union […]
Outgoing Federal Deposit Insurance Corp. (FDIC) Board Chairman Jelena McWilliams received a note of acknowledgement Wednesday from her colleagues at the credit union regulator’s board with a joint statement signed by all three. NCUA Chairman […]
A former lending executive for Loudoun Credit Union, Leesburg, Va., who reportedly violated credit union policy and federal rules on member business lending may no longer participate in the affairs of any federally insured financial […]
Implementation of the current-expected-credit-loss (CECL) accounting standard kicks in next January for credit unions, and their federal regulator on Thursday noted plans to help them complete the first hurdle. During a briefing during Thursday’s open […]
On a bipartisan, 2-1 vote, the board of the federal agency that regulates credit unions issued a proposed rule Thursday that would require federal credit union (FCU) boards of directors to establish and adhere to […]
Anthony Cappetta is the new president of the government-sponsored lending facility for credit unions experiencing unusual or unexpected liquidity shortfalls, the federal credit union regulator said Wednesday. His appointment is effective Monday (Jan. 30). A […]
Changes to the first-quarter call report for credit unions will be highlighted during a 90-minute webinar set for Feb. 10 by their federal regulator, the agency said Tuesday. The National Credit Union Administration (NCUA) said […]
Todd Harper’s nomination to a full term on the National Credit Union Administration (NCUA) Board, one of only two nominations approved by the Senate Banking Committee Thursday that won better than a tie vote from […]
Credit unions will be invoiced for operating fees and any adjustments due to their federal share insurance capitalization deposits in March, with payment due no later than April 15, according to a Letter to Federal […]
Credit risk management, cybersecurity, and payment systems are the three top supervisory priorities for the federal credit union regulator, the agency said Tuesday. Overall, the National Credit Union Administration (NCUA) said in its letter to […]
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