The reduced compliance burden, as a result of new NCUA rules introduced during the regulator’s May 24 board meeting, is worth $8 million to federally insured credit unions.
ALEXANDRIA, Va. — The NCUA Board extended regulatory flexibility standards but required written loan workout policies for troubled debt restructuring by Oct. 1.
NeighborWorks America announced that Gigi Hyland has been named its board chair. Hyland succeeds Thomas J. Curry. Hyland has served as the NCUA’s representative to the NeighborWorks America Board since 2008.
NCUA Board Member Gigi Hyland has been appointed to board chair of NeighborWorks America, an affordable housing and community development organization.
Carla Decker, the CEO of the 10,600-member District Government Employees Federal Credit Union, last week took herself out of consideration as a NCUA board nominee.
Outgoing BECU President/CEO Gary Oakland said he might be interested in a spot on the NCUA Board.
The White House has removed Carla Decker from consideration as a member of the NCUA Board.
Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).
Last year, 29 NCUA employees made more than $201,000, an increase from 25 the year before, according to agency records.
Last year, 29 NCUA employees were paid more than $201,000 each. Get the full story in this Print Preview from next week's Credit Union Times.