Regulator

Summary: Final Rule Part 715 Supervisory Committee Audits and Verifications

NCUA has published a final rule amending its rules regarding required audits and account verifications for federally insured credit unions. NCUA’s audit rules are found in NCUA’s Rules and Regulations Part 715. For federally insured state credit unions (FISCUs), Part 715 is referenced in Parts 741.6 and 741.202.

NASCUS Summary: Exceptions to Employment Restrictions

NASCUS Summary Proposed IRPS 19-1 Exceptions to Employment Restrictions Under Section 205(d) of the FCUA (‘‘Second Chance IRPS’’) Prepared by NASCUS Legislative & Regulatory Affairs Department September 2019 NCUA is...

Final Rule Summary: Part 713 and Part 704 Fidelity Bond Coverage (741.201)

Final Rule Summary Part 713 and Part 704 Fidelity Bond Coverage (741.201) Prepared by NASCUS Legislative & Regulatory Affairs Department August 2019  NCUA has finalized amendments to Part 713 and...

Summary: NCUA Interim Hemp Guidance

19-RA-02 Serving Hemp Businesses August 2019 NCUA has issued “interim guidance” for credit unions interested in serving the legalized hemp industry. The guidance will be updated as needed as necessary...

NCUA Risk Alert: 19-Risk-01 Business Email Compromise Fraud

NCUA Risk Alert: 19-Risk-01 Business Email Compromise Fraud August 2019  NCUA issued the first Risk Alert of 2019 to remind credit unions of the risks related to Business Email Compromise...

Summary Accuracy of Advertising & Notice of Insured Status

Proposed Rule Summary Accuracy of Advertising & Notice of Insured Status Prepared by NASCUS Legislative & Regulatory Affairs Department October 2017   NCUA is proposing changes to its Advertising rule,...

Summary: Closing the TCCUSF & Setting the Normal Operating Level

NCUA Board Action Closing the TCCUSF & Setting the Normal Operating Level Prepared by NASCUS Legislative & Regulatory Affairs Department October 2017 The NCUA Board has voted to close the...

Summary: Supervisory Review Committee

Final Rule Summary Supervisory Review Committee Prepared by NASCUS Legislative & Regulatory Affairs Department November 2017 NCUA has finalized new regulations governing procedures for appealing material supervisory determinations to the...

Summary: NCUA Final Rule, Corporate Credit Unions

Summary: NCUA Final Rule, Corporate Credit Unions Prepared by the NASCUS Legislative and Regulatory Affairs Department November 2017 NCUA has amended provisions in its Corporate Credit Union rule, Part 704, related to...

Summary: Part 746 — Appeals

Summary: Part 746 — Appeals Prepared by the NASCUS Legislative and Regulatory Affairs Department November 2017 NCUA has promulgated a new final rule to establish procedures to govern appeals to the...

Summary: Capital Planning & Stress Testing

Proposed Rule Summary Capital Planning & Stress Testing Prepared by NASCUS Legislative & Regulatory Affairs Department October 2017 After three years of capital planning and stress testing, NCUA is proposing...

Summary: NCUA Proposal, Call Report Modernization

Summary: NCUA Proposal, Call Report Modernization March 2018 NCUA is continuing its initiative, begun in 2016, to update and modernize the 5300 Call Report for credit unions. NCUA has proposed changes that...