Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the […]
Two former credit union workers in Virginia and Georgia were the subjects of prohibition actions in December, the federal regulator said Tuesday. The actions permanently prohibit both from participating in the affairs of any federally […]
Up to 30 complex federal credit unions (FCUs) will be allowed to engage in investment activities prohibited under portions of federal rules – but permitted by statute – under a pilot program approved Monday by the […]
The latest life-of-loan – or Weighted Average Remaining Maturity (WARM) – factors are included in the updated simplified tool for credit unions released Friday to measure credit losses, their federal regulator said. The National Credit […]
A revised final rule that requires federally insured credit union (FICU) boards of directors to establish succession planning processes for key positions was approved Tuesday by the board of the federal credit union regulator, which […]
The 2025-2026 operating budgets – combined totals of $395.4 million and $419.5 million, respectively – of the National Credit Union Administration (NCUA) were approved Tuesday by the agency board on a unanimous vote of 3-0. […]
There is a new federally chartered credit union in Atlanta, Ga., which will serve persons in Austell, Ga., a low-income community, the federal credit union regulator said Wednesday. Soul Community Federal Credit Union (FCU) in […]
Overdraft or non-sufficient funds (NSF) fees that blindside members may expose credit unions to heightened reputational, consumer compliance, third-party, and litigation risk, their federal regulator warned in a letter issued Tuesday. In a Letter to […]
Delinquency rates at credit unions rose in the third quarter, and net income for the cooperative financial institutions fell, according to performance data released Thursday by their federal regulator. According to the third-quarter performance results […]
Examples of risk management and other practices that may be effective in combatting elder financial exploitation were issued in a joint statement Wednesday by the five federal financial institution regulators, state regulators and the federal […]
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