News stories tagged NCUA
States pass $1 trillion asset mark; keep hold of more than 50% of all
State credit unions now hold more than $1 trillion in assets, representing more than half of all assets held across the credit union system, the latest figures from NCUA show....
Streamlined CDFI certification process opens Sept. 12
(Aug. 27, 2021) Credit unions seeking certification as community development financial institutions (CDFIs) can apply for NCUA’s streamlined qualification process between Sept. 12 and Oct. 15, the agency said this...
NASCUS ’21 S3: Surging virus variant dampens on-site exam resumption
(Clockwise from upper left: NASCUS’ Lucy Ito joins NASCUS Executive Vice President and General Counsel Brian Knight, and NCUA Office of Examination and Insurance Director Myra Toeppe in a discussion...
BRIEFLY: Complex credit union leverage ratio proposal published; Delta variant poses more economic risks; Agency plans webinar on modernized exam tools
(Aug. 20, 2021) A proposal by NCUA to create the new “complex credit union leverage ratio (CCULR)” framework — the credit union equivalent of the community bank leverage ratio (CBLR)...
Reg review letter urges reorganizing rules
(Aug. 20, 2021) Reorganizing its rules to lessen confusion over application of anti-money laundering rules, and working with state regulators to implement those rules, are among the recommendations made by...
3 key summaries take on latest NCUA issuances
(Aug. 20, 2021) Summaries of three recent issuances from NCUA – on capitalizing loans, the rollout of the new examination tool, and on mortgage servicing rules – were published by...
NCUA begins rolling out MERIT, other apps this month
(Aug. 13, 2021) NCUA this month will begin transitioning to the new MERIT exam tool and other applications meant to modernize and streamline the agency’s operations, according to a letter...
Nomination would give Harper long board tenure
(Aug. 13, 2021) Todd Harper could remain chairman of the NCUA Board through at least 2024, and would be able to stay on the agency board (either as board leader...
Action stands out among federal regulators
(Aug. 13, 2021) The renomination of Harper to a seat on the NCUA Board holds some other significance. First, it would keep him on the board much longer than the...
Agency taps new director of diversity workforce, suppliers
(Aug. 6, 2021) Miguel A. Polanco, a former Army officer and investment banker, is now the top workforce and supplier diversity officer NCUA, the agency announced this week. The agency...
Letter outlines limits on capitalizing loans
(Aug. 6, 2021) The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of...
Harper repeats call for CUSO exam authority
(Aug. 6, 2021) Congress should give NCUA authority to examine (and enforce actions) over third party vendors, NCUA Board Chairman Todd Harper said in testimony to the Senate Banking Committee...