Proposal was part of 5300 Call Report changes but pulled after public comment.
Commodore Perry FCU President Thomas Renz said last week the reason the $32 million credit union filed an exam appeal–an accusation an NCUA examiner retaliated against the credit union in the form of a riskier CAMEL score–has been lost in the appeals process.
An examiner assigned to the $32 million Commodore Perry FCU did not harass employees or retaliate against the Oak Harbor, Ohio-based credit union, the NCUA said Oct. 9.
WASHINGTON — The financial services industry is a risk-taking industry, NCUA Deputy Director of the Office of Examination and Insurance Tim Segerson told CU Enterprise Risk Management trainees during a lunch speaking slot Oct. 1 at the Capital Hilton. Credit unions that don’t take risk earn less income, which makes...
Commodore Perry Federal Credit Union of Oak Harbor, Ohio, is awaiting a ruling from the NCUA’s Supervisory Review Committee regarding an exam appeal that alleges that an NCUA examiner harassed employees and retaliated against the credit union after it complained.
Change is inevitable at the NCUA following the announcements by Board Member Gigi Hyland and Executive Director David Marquis that they’re leaving the agency.
If the NCUA board’s proposed $30 million limit to define small credit unions stands, 1,603 credit unions would be excluded from risk-based net worth requirements and a provision of the interest rate risk rule, according to the NCUA’s action memo on the topic.
DENVER — The NCUA’s opt-in process for low income credit union designation may expand to include state-chartered credit unions, NCUA Chairman Debbie Matz announced last week during her keynote speech at the 2012 NASCUS Summit. The agency hopes to put the program into play later this month by working with...
The NCUA’s proposed rule that would allow it to declare state-chartered federally insured credit unions in “troubled condition” is the latest move by the federal regulator that has some state- chartered credit unions and their regulators crying foul.
NASHVILLE, Tenn. — NCUA resources are being disproportionately applied to small credit unions and skimping on large credit union supervision, NCUA Chairman Debbie Matz told NAFCU’s annual conference attendees during her general session address July 24