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Treasury Inflation Protected Securities (TIPS)

Mar
11
Treasury Inflation Protected Securities (TIPS)

The National Credit Union Administration Board (NCUA) adopted a final rule that amends its investments rule to allow federal credit unions (FCU) to purchase Treasury Inflation Protected Securities (TIPS). Prior to this amendment to §703.14(a), NCUA did not permit FCUs to purchase TIPS. TIPS can be used to help FCUs manage inflation risks.

Posted By Sharon Bahr read more

Strong 4th Quarter Hints at What Further Regulatory Relief Could Mean

Mar
08
Strong 4th Quarter Hints at What Further Regulatory Relief Could Mean

The National Credit Union Administration (NCUA) this week released impressive fourth quarter data for federally insured credit unions.  Earnings were up, credit unions added two million new members, lending grew in nearly every category.  All are a testament to credit unions’ conservative management principles and our growing member appeal.

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NCUA Risk Alert on DDoS Attacks

Feb
25
NCUA Risk Alert on DDoS Attacks

The National Credit Union Administration (NCUA) has released a new credit union risk alert (13-Risk-01), which identifies appropriate policies and procedures to guard against distributed denial-of-service (DDoS) attacks.  To mitigate effects from DDoS attacks, NCUA recommends that credit unions:

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Joint Effort to Improve Low-Income Designation Process

Feb
25
Joint Effort to Improve Low-Income Designation Process

Last week, the National Credit Union Administration (NCUA) announced a joint NCUA-National Association of State Credit Union Supervisors (NASCUS) effort to streamline the process for federally insured, state-charted credit unions to determine whether they are eligible for designation as a low-income credit union (LICU).

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FLEC Holds First Meeting of 2013

Feb
19
FLEC Holds First Meeting of 2013

Last week, the Financial Literacy and Education Commission (FLEC) held its first quarterly meeting of the year. FLEC is comprised of the heads of 20 federal agencies, including the National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), and other financial regulators.

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NCUA Loans Available to Low-Income Designated Credit Unions

Feb
04
NCUA Loans Available to Low-Income Designated Credit Unions

The National Credit Union Association (NCUA) is making $9.5 million in loans available to low-income designated credit unions from the Community Development Revolving Loan Fund (CDRLF). These loans are administered by NCUA’s Office of Small Credit Union Initiatives (OSCUI) and meant to assist low-income credit unions in providing services to their members.

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FHLBanks Offer to Work with NCUA on Emergency Liquidity Issues

Feb
04
FHLBanks Offer to Work with NCUA on Emergency Liquidity Issues

The presidents of all of the Federal Home Loan Banks have written to the National Credit Union Administration (NCUA) in support of the use of the FHLBanks as a source of emergency liquidity for credit unions. In July 2012, NCUA issued a proposal that addresses emergency liquidity requirements for federally insured credit unions. The proposal would require credit unions with assets of $100 million or more to have access to a backup federal liquidity source for emergencies.

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NCUA Letter Says the Agency Is Addressing DoRs

Feb
04
NCUA Letter Says the Agency Is Addressing DoRs

Credit Union National Association (CUNA) has been urging the National Credit Union Administration (NCUA) to improve the examination process and provide more information to credit unions about its examination priorities and practices. Consistent with previous years, the agency has sent Letter 13-CU-01 to the board and chief executive officers of all federally insured credit unions regarding its supervisory focus for 2013.

Posted By Sharon Bahr read more

GAO Report: Dodd-Frank Regulations Still in Progress

Jan
25
GAO Report: Dodd-Frank Regulations Still in Progress

According to a Government Accountability Office (GAO) report released this week, although regulators have made progress in implementing some key reforms required by the Dodd-Frank Act, others remain incomplete, and the effectiveness of some implemented reforms remains to be seen.  The report examines the (1) overall status of U.S. financial regulatory reforms arising from the Act, (2) challenges affecting the implementation of these reforms, and (3) areas that pose continued risk.

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Share Missouri Concerns in National Examination Survey: January 15 Deadline

Jan
09
Share Missouri Concerns in National Examination Survey:  January 15 Deadline

Credit unions in Missouri are encouraged to take part in the Credit Union National Association’s (CUNA) examination survey.  The survey deadline is January 15.  The purpose of the survey is to give credit unions the opportunity to share their experiences with on-site regulatory exams and their level of satisfaction with the National Credit Union Administration (NCUA) and state regulator performance, as well as the results of the exams.  The survey also gives credit unions a chance to describe the strengths and weaknesses of their state and federal examination

Posted By Amy McLard read more

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