ALEXANDRIA, Va. — The NCUA giveth and the NCUA taketh away. At its Dec. 15 meeting the agency’s board proposed placing more restrictions on loan participations while granting credit unions greater flexibility in other areas.
Maybe credit unions should avoid words that begin with D. The industry has worked to increase its clout in Washington and made some progress.
This year saw a regulation capping the interchange card issuers were able to earn on a debit card transaction come into effect for the first time in history.
And then there were 16. That is the current count of corporate credit unions, after a year where all the institutions faced an Oct. 20 NCUA deadline to qualify as “adequately capitalized” per the regulator’s calculus.
The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
All federal credit unions may be eligible to participate in the Regulatory Flexibility program, according to a new rule.
NCUA says $374.9 million this year, compared with $512.3 million loss predicted.
ALEXANDRIA, Va. — FCUs could only purchase loan participations from a single originator totaling no more than 25% of their net worth.
Polling shows staff turnover of 12% at 1,553 responding credit unions last year.
Report to Congress says NCUA OIG proposes "removing the employe from federal service."