An inspector general audit of the financial and award data provided to Treasury by the federal credit union regulator earned the agency an “excellent” rating for award-level data in the fourth quarter of 2020, up […]
Flexibility for board meetings originally extended to federal credit unions during the height of the coronavirus crisis will be extended in the new year, the institutions’ regulator said Monday. In Letter to Credit Unions (LTCU) […]
A final rule on credit union membership eligibility requirements for shared facilities is among the items up for consideration during the Nov. 18 National Credit Union Administration (NCUA) open board meeting, according to the agenda […]
Federal and state financial institution regulators on Wednesday said they were ending the flexible approach to supervision and enforcement they initiated in April 2020 regarding certain mortgage servicing timing requirements. The agencies – the Federal […]
The federal regulator of credit unions on Friday placed the tiny Pomona Postal Federal Credit Union of Pomona, Calif., into conservatorship Friday. The National Credit Union Administration (NCUA) said the credit union’s most recent call […]
Any issuances of secondary capital not completed by Jan. 1 will be subject to the requirements of the new subordinated debt rule, which becomes effective on that date, according to a letter sent Friday by […]
Credit unions are encouraged to participate in the free program that helps members address their federal income taxes; credit unions have until Nov. 15 to contact the IRS about their interest in participating, the federal […]
A closed meeting of the National Credit Union Administration (NCUA) Board is slated for 10 a.m. Thursday to address a supervisory action, according to a scheduled Federal Register notice. The meeting is closed from public […]
Credit unions should advance diversity, equity, inclusion, and belonging by embracing those concepts across their institutions – members, employees, and other credit unions, the board chairman for the federal credit union regulator said Tuesday. In […]
More time has been allowed – two weeks – for minority depository institutions (MDIs) to apply for mentoring grants, the federal credit union regulator said Friday. About $100,000 will be made available to low-income credit […]
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