The NCUA and the U.S. Census Bureau will co-host a webinar to discuss free data and tools available to credit unions. The webinar is scheduled for April 25 at 2 p.m. Eastern. The NCUA added that the webinar will cover the Census Business Builder, which is “a suite of services providing demographic and economic data,” …
NCUA, Census Bureau holding webinar on data tools Read More »
The NCUA will open the first round of 2024 Community Development Revolving Loan Fund (CDRLF) grants to low-income-designated credit unions May 1, according to a press release from the agency Wednesday. The agency noted minority depository institution credit unions are not eligible for funding in this year’s grant round if they do not have the …
Registration is still available for NCUA’s free webinar on liquidity risk management, scheduled for 2 p.m. Eastern today. NCUA staff will outline the importance of having a strong liquidity management framework due to the growing levels of liquidity stress over the last few quarters. They will also discuss the agency’s Jan. 17 advisory issued to …
Reminder: Liquidity risk management webinar today Read More »
The NCUA’s Office of Minority and Women Inclusion (OMWI) released its 2023 annual report to Congress. The report revealed “the agency’s efforts in ensuring fair and inclusive business practices and assessing its regulated entities’ diversity policies and practices.” The report specifically highlighted that: The Schedule A hiring authority allows federal agencies to hire people with …
America’s Credit Unions is actively engaging the NCUA on its call report changes that would require certain credit unions to report fee income derived from overdraft and nonsufficient funds (NSF) fees. The organization has raised concerns directly with NCUA Chairman Todd Harper, and also wrote a letter to the agency calling on it to refrain …
America’s Credit Unions calls on NCUA to reconsider overdraft reporting requirements Read More »
The NCUA released updates to its Simplified Current Expected Credit Losses (CECL) Tool. The updates reflect the average loan loss rates for 2021-2023 and the latest life-of-loan —or Weighted Average Remaining Maturity—factors. The agency noted that the updates will help credit unions determine the credit loss expense for the first quarter of 2024. It also …
The NCUA’s 2024 Diversity, Equity, and Inclusion (DEI) Summit takes place July 9-11 in Minneapolis. Participants are invited to learn and share best practices, workshop around industry-specific challenges, and network with DEI professionals. The 2024 DEI Summit website contains hotel booking information; the agency notes to watch for more updates and details in the coming …
The NCUA Monday released its 2023 annual report to underscore its initiatives and accomplishments from last year. In its press release, the agency noted the report highlights initiatives related to cyber resiliency, economic headwinds, financial security and economic equity, and investment in agency employees. The report details the agency’s final rules on member expulsion and …
Federally insured credit unions (FICUs) experienced growth in loans and the share of credit unions with positive net income increased over 2023, according to Q4 2023 state-based data released by the NCUA. The data also revealed that delinquencies rose, while assets, shares and deposits declined. Additionally, 87% of federally insured credit unions had positive year-to-date …
NCUA data reveals share of credit unions with positive net income increased in 2023 Read More »
The NCUA will host a free webinar April 4 tackling liquidity risk management. Credit unions are encouraged to attend; registration is open now. During the event, representatives from the agency will review the NCUA’s Jan. 17 advisory issued to credit unions, outlining the importance of having a strong liquidity management framework due to the …
NCUA to host webinar on liquidity risk management Read More »
