NCUA – NASCUS

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President Biden nominates Tanya Otsuka for NCUA board

Tanya Otsuka has been nominated to be the newest member of the National Credit Union Administration’s board of directors. On Thursday, President Biden announced Otsuka’s nomination alongside three other candidates...

No Successor Named as Hood’s Term Comes to a Close

August 15, 2023 — As NCUA board member Rodney Hood’s term comes to a close this month, and with a Democrat expected to take his place, eyes turn to the...

NCUA Releases Q1 2023 State-Level Credit Union Data Report

For federally insured credit unions, median asset growth and growth in shares and deposits declined slightly over the year ending in the first quarter of 2023. At the same time,...

NASCUS Summary of the OIG NCUA Semiannual Report to Congress

On May 30, 2023, NCUA’s Office of Inspector General issued its semiannual report to Congress covering the six-month period October 2022 through March 2023. The report provided a general recap...

NCUA Opening 2023 CDRLF Grant Round May 1

$3.5 Million Available; Credit Unions Should Review Eligibility Before Applying. Credit unions eligible for Community Development Revolving Loan Fund grants in 2023 can apply between May 1 and June 30,...

Mar. 31: NCUA News This Week

This week's news includes a Regulatory Alert on Home Mortgage Disclosure Act Data Collection Requirements and a Share Insurance Webinar on April 13th...

NCUA’s 2023 Supervisory Priorities

NCUA’s Letter to Credit Unions (23-CU-01) Dear Boards of Directors and Chief Executive Officers: This letter outlines the NCUA’s supervisory priorities and other updates to the agency’s examination program for...

NCUA Issues Letter to FCUs on Meeting Requirements

In March 2020, November 2020, and November 2021, the NCUA issued three letters to federal credit unions providing flexibility during the pandemic related to annual meetings.1 In those letters, the...

NCUA Posts 2023–2024 Proposed Budget, Sets October 19 Public Briefing

Agency Accepting Comments and Budget Briefing Presentation Requests Sept. 29, 2022 — The National Credit Union Administration’s staff draft budget for 2023–2024 is now available on the agency’s website for...

Senate Confirms Harper to Full Term on the NCUA Board

June 8, 2022 – The U.S. Senate voted to confirm Todd M. Harper’s reappointment to the National Credit Union Administration (NCUA) Board until April 10, 2027. The U.S. Senate voted...

Member Benefit: NCUA Summaries

NASCUS has issued two summaries this week based on NCUA activities. Summaries require member log-in to review. The first was in response to Revised Guidance: Loans in Areas Having Special...

Members Only: NASCUS Posts Summaries on NCUA LTCUs and Risk Alerts

Letter to Credit Unions 22-CU-06: NCUA to Begin Phase 2 of Resuming Onsite Operations April 2022 Based on new guidance from the Centers for Disease Control and Prevention (CDC) and...