News stories tagged NCUA

Ito: Thanks to McWatters

(Nov. 25, 2020) NASCUS President and CEO Lucy Ito expressed the state system’s thanks to McWatters for his efforts as both a member and chairman of the NCUA Board for...

Latest summary takes look at derivative proposal

(Nov. 25, 2020) A proposal to modernize NCUA rules on derivatives, particularly to make it more “principles based” has been summarized by NASCUS and posted on the association’s website. The...

Systems changes advance hope for ‘S’ CAMEL piece

(Nov. 25, 2020) An “S” component (for market sensitivity) in the CAMEL examination rating system remains on the radar for NCUA in 2021, especially now that the agency’s information systems...

Change is here for NCUA Board (with more on the way soon)

(Nov. 25, 2020) Change is coming to the NCUA Board in the next 10 days or so, following change that already occurred late last week with the resignation of one...

BRIEFLY: Agencies jointly release BSA ‘fact sheet;’ NASCUS Report early next week

(Nov. 20, 2020) NCUA joined the federal banking agencies Thursday in releasing a fact sheet meant to clarify Bank Secrecy Act due diligence requirements for credit unions and banks that...

Proposal would remove ban on capitalization of interest

(Nov. 20, 2020) Prohibiting the authorization of additional advances to finance unpaid interest may be overly burdensome, the NCUA Board has reasoned, and it wants to remove that ban with...

Board shuffles budget, hears diversity report

(Nov. 20, 2020) In other action at its Thursday meeting, the NCUA Board: Reallocated $4.3 million in its budget for COVID-related “costs and opportunities.” The agency said the reallocation –...

Nominees for Fed, OCC see action; NCUA candidate soon?

(Nov. 20, 2020) Two federal banking agencies saw action for their leadership futures this week, as a nominee for one barely failed to be confirmed to the position and another...

Cloud of insurance premium overshadows board discussion

(Nov. 20, 2020) A premium for the federal credit union savings insurance program for this year is unlikely, but the outlook for next year and beyond is not so clear...

Agency sets Dec. 2 budget briefing; NASCUS to speak

(Nov. 20, 2020) NASCUS’ Lucy Ito expects to present the state credit union system view on the next NCUA budget – particularly its impact for the overhead transfer rate (OTR)...

Hood outlines CU performance, outlook; seeks CLF changes

(Nov. 13, 2020)Despite the financial impact of the coronavirus crisis, federally insured credit unions performed well and remain well capitalized – although there are still challenges ahead, NCUA Board Chairman...