Feb. 19, 2021 NASCUS Report

THIS WEEK: No insurance premium now – but time will tell; Board commended, interest in legislation; Joint ownership shares accounts rule finalized; Funds ‘clean,’ but challenges ahead; Summaries outline latest key issues; Foreclosure moratorium for some loans extended; NASCUS selects new top communicator/marketer; TRANSITIONS: LA appoints new commissioner; BRIEFLY: Tax credit webinar next week; FDIC names CU adviser as CINO; hope for the best in grim winter

No insurance premium for now, but outlook for future less certain

(Feb. 19, 2021) No premium – for now — is in the works for credit unions to pay to bring the federal credit union savings insurance fund back up to…

Ito: commends board for vigilance on NCUSIF equity, intrigued about legislation

(Feb. 19, 2021) NASCUS President and CEO Lucy Ito commended all three board members for their vigilance in monitoring the insurance fund equity ratio, “especially in light of the root…

Board OKs joint ownership share accounts final rule

(Feb. 19, 2021) In other action Thursday, the NCUA Board unanimously approved a final rule on joint ownership share accounts, and heard a report on the new Emergency Capital Investment…

0 comments

Funds earn ‘clean’ opinions – but challenges lie ahead

(Feb. 19, 2021) While four funds administered by NCUA all earned unmodified or “clean” audit opinions for 2020, the agency’s inspector general still outlined a number of 2021 challenges for…

Four summaries outline key, recent issues

(Feb. 19, 2021) Four new summaries have been posted by NASCUS, looking at recent actions from NCUA, which include: two regulatory alerts, a final rule on supervisory guidance, and (along…

Forbearance, foreclosure moratorium for some loans extended

(Feb. 19, 2021) The White House this week announced extensions of the moratorium on foreclosures and mortgage forbearance programs that were set to end in March to help provide relief…

Amanda Tuckey named senior director of communications/marketing

(Feb. 19, 2021) Amanda Tuckey will lead NASCUS’ marketing and communications efforts when she joins the association next week as senior director of communications and marketing. Most recently the director…

TRANSITIONS: New commissioner appointed in LA

(Feb. 19, 2021) Stanley M. Dameron has been appointed commissioner of the Louisiana Office of Financial Institutions in the Office of the Governor, succeeding John Ducrest who retired late last…

BRIEFLY: NCUA registration for tax credit webinar now open; FDIC (finally) names CINO (who also advised CUs); state system hopes for best in grim winter

(Feb. 19, 2021) NCUA said registration is now open for a Tuesday (Feb. 23) webinar on the earned income tax credit and the volunteer income tax assistance (VITA) programs. The…

For more information about NASCUS publications, or to obtain permission to reprint a NASCUS publication, please contact NASCUS' Communications Department: