NGN – Regulatory Report

What's up

[ May 29, 2026 ] Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction NCUA
[ May 29, 2026 ] 210 banks slated for CRA exams by FDIC over next two quarters FDIC
[ May 28, 2026 ] Treasury launches app for ‘Trump Accounts;’ children’s custodial IRAs to be inaugurated July 4 Other
[ May 28, 2026 ] OCC has 51 banks on CRA evaluation schedule for Q3; no Q4 list provided OCC
[ May 28, 2026 ] Fed, FDIC say no shortcomings found in biggest banks’ 2025 resolution plans FDIC

$368 million distribution slated in April to member capital holders from 3 defunct corporate credit unions

March 18, 2021 0

Some 2,000 credit unions with capital accounts in three failed corporate credit unions – U.S. Central Federal Credit Union, Members United Corporate FCU, and Southwest Corporate FCU – are slated to receive their share of […]

NCUA says Southwest Corporate estate to pay out $171 million to certificate holders in July

June 25, 2020 0

Nearly 900 credit unions that had membership capital shares in the failed Southwest Corporate Federal Credit Union will share in a $171 asset management estate payout anticipated for July, the first of other payments to […]

Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

May 29, 2026 0

The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
210 banks slated for CRA exams by FDIC over next two quarters

May 29, 2026 0

The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]