Credit unions interested in certification to become a Community Development Financial Institution (CDFI) can learn about the application process during a Feb. 29 webinar hosted by the NCUA and CDFI Fund. Online registration for the webinar is now open. The hour-long webinar is scheduled to begin at 2 p.m. Eastern. Staff from the NCUA and …
NCUA, CDFI Fund to co-host webinar on Certification Application Read More »
America’s Credit Unions’ Madison Rose and Andrew Morris met with NCUA Director of Financial Technology and Access Charles Vice Friday, part of the association’s ongoing engagement with policymakers. The Office of Financial Technology and Access is designed to identify barriers, challenges, and opportunities for credit unions in adopting and using technology. Vice is the principal …
Advocacy team meets with NCUA to encourage CU innovation Read More »
The NCUA issued one prohibition notice in January, permanently banning Kelly Givens, a former credit union employee in Salem, Va., from participating in the affairs of any federally insured depository institution. NCUA enforcement orders are available via a searchable database online. America’s Credit Unions will keep credit unions informed of important NCUA actions.
The NCUA released details on an upcoming webinar to discuss the agency’s 2024 supervisory priorities. The webinar will be held Feb. 8 at 2 p.m. Eastern. The agency sent a Letter to Credit Unions earlier this month to detail its supervisory priorities and outline updates to the agency’s examination program. The NCUA noted the webinar …
America’s Credit Unions President/CEO Jim Nussle Thursday wrote to the House Financial Services Committee, outlining concerns with the Strengthening Cybersecurity for the Financial Sector Act, which would grant the NCUA with additional authority to examine third-party vendors. “We believe in a strong NCUA, but we also believe that the NCUA should stay focused on …
Nussle: NCUA 3rd-party vendor authority could increase agency’s budget Read More »
America’s Credit Unions President/CEO Jim Nussle and several members of the association’s Advocacy Team met Tuesday with NCUA Vice Chairman Kyle Hauptman and Board Member Tanya Otsuka to advocate for America’s Credit Unions’ policy priorities. “Thank you to NCUA Vice Chairman Hauptman and Board Member Otsuka for taking the time to meet with America’s Credit …
Nussle meets with NCUA board members, outlines advocacy priorities Read More »
NCUA issued a Letter to Credit Unions Monday outlining the agency’s supervisory priorities for 2024: credit risk, liquidity risk, consumer financial protection, information security, and interest rate risk. These represent the “areas posing the highest risk to credit union members, the credit union industry, and the National Credit Union Share Insurance Fund,” according to the …
Credit, liquidity risk top NCUA’s 2024 supervisory priorities Read More »
The NCUA advisory issued Wednesday noted that while the credit union industry remains stable, the agency “continues to see growing liquidity stresses within the system.” The agency stated that credit unions “experiencing lower share growth, high loan growth, and declining levels of available liquidity as a result” need to focus on liquidity management. It called …
America’s Credit Unions and the National Association of Credit Union Service Organizations (NACUSO) wrote to the NCUA Friday to request the agency amend its regulations to provide additional flexibility “to engage with and invest in innovative technology solutions and fintech companies.” The associations noted that providing this flexibility is permitted by the Federal Credit Union …
Joint letter to NCUA pushes for investment flexibility Read More »
Federal credit union operating fees will increase by an average of 16.36% in 2024, according to the NCUA’s latest Letter to Federal Credit Unions (24-FCU-01). The operating fee exemption threshold was increased from $1 million to $2 million and federal credit unions with a four-quarter average of $2 million or less in total assets are …
