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NCUA Holds Final Listening Session

Aug
06
NCUA Holds Final Listening Session

Chairman Matz addressed a number of issues at National Credit Union Administration's (NCUA) sixth and final listening session in Denver earlier in the week of July 30, such as concern

Posted By Sharon Bahr read more

TCCUSF Assessment Set at 9.5 Basis Points

Jul
25
TCCUSF Assessment Set at 9.5 Basis Points

During its July 24 meeting, the NCUA Board announced that the Temporary Corporate Credit Union Stabilization Fund assessment will be 9.5 basis points of insured shares.

Posted By Halley Hayden read more

NCUA Offers MFOEL Clarification

Jul
23
NCUA Offers MFOEL Clarification

The National Credit Union Administration (NCUA) issued a Letter to Federal Credit Unions (12-FCU-02) on July 20 to provide guidance and best practices on multi-featured open-end lending (MFOEL) plans and Multi-Featured Lending (MFL) plans.

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CUNA Urges NCUA to Exercise Restraint at July Meeting

Jul
23
CUNA Urges NCUA to Exercise Restraint at July Meeting

Credit Union National Association (CUNA) has reinforced its strongest support for the National Credit Union Administration's (NCUA) delay of the Credit Union Service Organization (CUSO) and loan participation proposals, and appreciate that these items are not on the July 24, 2012 Board Meeting agenda. CUNA will continue advocating that the agency abandon these proposals.

Posted By Sharon Bahr read more

NCUA Holds a Listening Session in San Diego

Jul
18
NCUA Holds a Listening Session in San Diego

The week of July 9, National Credit Union Administration (NCUA) Chairman Debbie Matz and staff held a listening session in San Diego to provide credit union officials in the region an opportunity to communicate their concerns to the agency.  She was accompanied by NCUA Executive Director Dave Marquis, Director of Examination and Insurance Larry Fazio, Region II Director Jane Walters

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CFTC Excludes CUs and Banks <$10 Billion from Swap-Clearing Requirements

Jul
17

On July 10, the Commodity Futures Trading Commission (CFTC), the primary federal regulator of derivatives, adopted a final rule to provide an exception for banks and credit unions with $10 billion or less in assets from swap-clearing requirements mandated by the Dodd-Frank Act.  While few credit unions currently participate in swaps, the rule could have affected National Credit Union Administration's (NCUA) efforts to consider hedging for interest rate risk mitigation.

Posted By Sharon Bahr read more

NCUA Inspector General Reports

Jul
15
NCUA Inspector General Reports

During the week of July2, an analysis from Bill Hampel of the 2011 financial statement of the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) was posted.

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Update on Projected Corporate Stabilization Fund Assessments

Jul
04

The most important implication for credit unions of the new Temporary Corporate Credit Union Stabilization Fund (TCCUSF) financial statements, combined with the updated information posted June 29 by the National Credit Union Administration (NCUA) on its website on Corporate System Resolution Costs, is what it says about the likely remaining assessments for that fund, said Credit Union National Association (CUNA) Chief Economist Bill Hampel in a recent analysis.

Posted By Sharon Bahr read more

NCUA's Board Agenda for July Will Be Hefty

Jul
03
NCUA's Board Agenda for July Will Be Hefty

National Credit Union Administration's (NCUA) July Board meeting will have a weighty agenda, particularly compared to previous months such as June when there was no open board meeting.  NCUA has not released the official agenda yet (the agency is required by law to publish the agenda a week before the meeting). 

Posted By Sharon Bahr read more

NCUA Delays Advancement of Loan Participations* as well as CUSO Proposals

Jul
02
NCUA Delays Advancement of Loan Participations* as well as CUSO Proposals

Following up on the positive development from the week June 18 regarding the delay of a new final rule on credit union service organizations (CUSOs), National Credit Union Administration (NCUA) Board Chairman Debbie Matz announced last week at a meeting of the Credit Union Association of the Dakotas that she is also postponing consideration of a final rule on loan participations.  W

Posted By Sharon Bahr read more

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