BRIEFLY: Risk management director opening in MA; FCUs advised of 18% loan cap

(Aug. 6, 2021) The Massachusetts Division of Banks is looking for candidates to fill the position of chief director of risk management (safety & soundness) supervision. For more information, see the NASCUS Career/Job Postings page (link below) … Federal credit unions were advised by NCUA this week that the 18% loan ceiling was continued by the agency, following board action in June. The 18% ceiling runs for 18 months, expiring March 10, 2023. The current 18% loan rate ceiling for FCUs ends Sept. 10.


NASCUS Career/Job Postings

NCUA Letter to FCUs 21-FCU-04: Permissible Loan Interest Rate Ceiling Extended