NASCUS Report Archives

Reminder: Use 2020 Census data for 2022 HMDA reporting

(Oct. 29, 2021) Credit unions, banks and other lenders should use census tract information provided in the 2020 Census for mortgage-related data collected beginning next year, CFPB said this week....

Webinar reveals power of CU Campus 365

(Oct. 29, 2021) A webinar demonstrating the power of the CU Campus 365 program – presented in partnership by NASCUS and the Bank Administration Institute (BAI) – will be offered...

NCUA charters another FCU – its 3rd – for 2021

(Oct. 29, 2021) A Texas credit union that expects to start operations by year’s end is the third to be chartered in 2021 by NCUA, the agency said this week....

Agency board members to lead DEI sessions

(Oct. 29, 2021) Each of three town halls will be led by a member of the NCUA Board at its diversity, equity and inclusion (DEI) conference set for three days...

At long last, joining 25 states, NCUA adopts ‘CAMELS’

(Oct. 22, 2021) An “S” for “market sensitivity” is now part of the NCUA exam rating system, thanks to a unanimous vote by the agency board at its Thursday meeting...

Congratulations to NCUA for joining states on ‘S’

(Oct. 22, 2021) NASCUS President and CEO Lucy Ito congratulated the NCUA Board for finalizing an “S” component (for market sensitivity) to the CAMEL rating system (making it now “CAMELS”)...

CUSO rule expanding powers adopted – yet again by 2-1

(Oct. 22, 2021) In yet another split decision over the issue, a final rule giving CUSOs the power to originate any type of loan an FCU may originate – and...

New security systems just in time for rising cyber threats

(Oct. 22, 2021) Ransonware risks and threats to credit unions and other financial institutions are rising considerably, the NCUA Board was told Thursday, noting that the method now accounts for...

Risk alert focuses on email, wire fraud

(Oct. 22, 2021) Speaking of cybersecurity: Use of cloud-based email services are proving to be targets for cybercriminals, and credit unions need to take steps to thwart any exploitation and...

CCULR OK, but some considerations needed, NASCUS writes

(Oct. 22, 2021) The state system supports the NCUA proposed rule establishing a “complex credit union leverage ratio” (CCULR), as well as a quick implementation of a final regulation, but...

LICUs may accept 30-year sub-debt ECIP

(Oct. 22, 2021) Eligible low-income credit unions (LICUs) may accept 30-year subordinated debt investments from a Treasury program meant to encourage the institutions to augment efforts to support small businesses...