User login

NCUA

Matz & NCUA Answer Questions During Agency Webinar

Oct
11
Matz & NCUA Answer Questions During Agency Webinar

National Credit Union Administration (NCUA) Board Chairman Matz and senior NCUA staff held a webinar on Thursday, October 4, 2012,  on the state of the credit union industry and key regulatory issues pending at the agency.

In response to a question regarding low-income designation letters NCUA recently sent to eligible credit unions, staff stated that:

Posted By Sharon Bahr read more

NCUA Legal Opinion Letter to Facilitate Voluntary Mergers

Oct
09
NCUA Legal Opinion Letter to Facilitate Voluntary Mergers

The National Credit Union Administration (NCUA) has discretion under the Federal Credit Union Act (FCUA) to approve a change to a credit union’s charter to facilitate a voluntary merger with another healthy credit union, according to a new legal opinion from NCUA General Counsel Mike McKenna issued last week. 

Posted By Sharon Bahr read more

Mortgage Loan Proposals Pending at Two Agencies

Oct
05
Mortgage Loan Proposals Pending at Two Agencies

There are currently two pending proposals regarding appraisals for certain mortgage loans.  First, a Consumer Financial Protection Bureau (CFPB) proposal would amend Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) and require creditors to provide free copies of all written appraisals and valuations developed in connection with an application for a loan secured by a first lien on a dwelling.  Currently, federal credit unions are exempt from the appraisal delivery requirements of R

Posted By Sharon Bahr read more

What Will the Departure of Gigi Hyland and Dave Marquis Mean for NCUA and Credit Unions?

Oct
05
What Will the Departure of Gigi Hyland and Dave Marquis Mean for NCUA and Credit Unions?

By:  Bill Cheney, President/CEO of Credit Union National Association

We have gotten this question repeatedly in the last few days. While it is a good and fair inquiry, no one can say for certain whether things will be better or worse with the departure of these NCUA officials, but they will be different.

Posted By Sharon Bahr read more

Maintaining Access to Emergency Liquidity

Oct
02
Maintaining Access to Emergency Liquidity

Another comment letter was filed by the Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) with the National Credit Union Administration (NCUA) regarding proposed changes to emergency liquidity from the Central Liquidity Facility (CLF).

Posted By Sharon Bahr read more

NCUA Proposal On Troubled Condition Designation for State CUs

Oct
01
NCUA Proposal On Troubled Condition Designation for State CUs

The Credit Union National Association (CUNA) feels the National Credit Union Administration's (NCUA) proposal that would allow it to designate a state credit union as a CAMEL 4 or 5, and in “troubled condition”  even if the state regulator does not agree is ill-conceived, unjustified and will not significantly further any material safety and soundness goals. That is what CUNA's letter filed on September 28, 2012 said. 

Posted By Sharon Bahr read more

Review Policies for Re-Ordering Debit Transactions

Sep
28
Review Policies for Re-Ordering Debit Transactions

By: Brad Mundine of CUNA Mutual Group

Posted By Sharon Bahr read more

Impact of Dodd-Frank on Safety and the Soundness of MBLs

Sep
17
Impact of Dodd-Frank on Safety and the Soundness of MBLs

The Government Accountability Office (GAO) issued a report on September 13, 2012, on the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on Credit Unions and Community Banks. The report basically concludes that it is too early to tell what the total impact of the Act’s provisions on credit unions and community banks will be.

Posted By Sharon Bahr read more

Report on NCUA's Exam & Complaint Process

Sep
17
Report on NCUA's Exam & Complaint Process

The Office of Inspector General (OIG) at the National Credit Union Administration (NCUA) has issued a report on the agency’s examination and complaint processes.

Posted By Sharon Bahr read more

Leagues & CUNA Seek Clarification on Low Income, State-Charted Credit Unions

Aug
24
Leagues & CUNA Seek Clarification on Low Income, State-Charted Credit Unions

The Missouri Credit Union League, with Credit Union National Association (CUNA) and other member leagues, are working to obtain further clarifications on the designation of low income state-chartered credit unions. The National Credit Union Administration (NCUA) recently alerted about 1,000 federal credit unions on their eligibility for the low-income credit union designation.

Posted By Sharon Bahr read more

Pages

Subscribe to RSS - NCUA