Credit union assets grew 17.7% to a total of $1.84 trillion during 2020 – more than double the rate of growth the prior year – driven largely by a rapid rise in deposits amid the COVID-19 […]
Watching closely to determine what additional support may be needed for smaller credit unions and minority depository institutions in the months to come as they face the continuing coronavirus crisis will be a priority for […]
The National Credit Union Administration (NCUA) Board proposes to amend its credit union service organization (CUSO) regulation to expand the list of permissible activities and services for CUSOs to include originating any type of loan […]
The COVID-19 pandemic’s ongoing economic effects on business and consumers is continuing to keep the attention of credit unions’ federal regulator, which is monitoring credit unions in certain sectors and working to ensure its own […]
National Credit Union Administration (NCUA) Board Member Rodney Hood has been named the agency’s representative on the board of NeighborWorks America, a public-private organization that promotes affordable housing and community development, NCUA Chairman Todd Harper […]
A former credit union supervisory committee member who pleaded guilty to a charge of embezzlement has been barred from future service in any federally insured financial institution, according to the single February enforcement order announced […]
Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by federal banking and credit union regulators and the State Liaison Committee of the Federal Financial Institutions Examination Council […]
Title: Credit Union Service Organizations (CUSOs) Subject: CUSOs Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is seeking comment on a proposed rule that would amend the NCUA’s credit union service organization (CUSO) […]
The National Credit Union Administration (NCUA) Board seeks comments on a proposal to raise the asset threshold for defining a credit union as “complex” for purposes of being subject to any risk-based net worth requirement […]
Encouraging institutions to alter loan terms, easing of regulatory reporting requirements, and other supervisory practices in response to the impact of the Texas winter storms were outlined Monday by the federal financial institution regulators in […]
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