FCUs must be examined every 23 months; federally insured, state chartered CUs will be examined at regional directors’ discretion.
TrustUS FCU and Texas Trust CU plan to consolidate in September.
Iowa’s King accuses the NCUA of weak oversight and says the credit union tax exemption will cost $10B over five years.
H.R. 5869 would require the NCUA to provide a detailed analysis of Share Insurance Fund use.
More than 5.5 million flood insurance policies are in place in 20,556 participating communities nationwide, but not everyone is eligible for the program.
The board will address its 2017-2020 strategic plan, which trades say should focus on reg relief, at its next meeting.
The GAO is including the NCUA in its probe of regulatory capture among financial regulators.
Executive Editor Heather Anderson leaves CU Times to pursue fintech marketing and other opportunities.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
Credit union industry leaders weigh in on expanding the NCUA board.