ALEXANDRIA, Va. — The NCUA Board Tuesday approves adjustment to 2012 operating budget that will apply $2 million in savings to 2013 spending.
Final rules passed at the NCUA board meeting May 24 include the extension of regulatory flexibility standards to all credit unions, and new rules for troubled debt restructuring that will require written loan workout and nonaccrual policies.
ALEXANDRIA, Va. — The NCUA Board extended regulatory flexibility standards but required written loan workout policies for troubled debt restructuring by Oct. 1.
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.
NCUA says $374.9 million this year, compared with $512.3 million loss predicted.
Chairman Debbie Matz noted upcoming proposals at NAFCU session in September.
ALEXANDRIA, Va. — The NCUA board approved a $236.8 million budget for the agency next year, a 5.1% increase from 2011.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
ALEXANDRIA, Va. — Because of the credit union system’s financial health, the NCUA is lowering the NCUSIF’s reserve balance from $1.2 billion to $871 million.
Chairman Debbie Matz has said to expect corporate rescue assessment of 8 to 11 basis points.