Matt Gerber said he’s gotten a lot of calls lately from credit unions with an immediate need they haven’t had before. The examiners are coming and his clients need to prove they have their heads in the clouds.
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.
ALEXANDRIA, Va. — The NCUA’s proposed rule to allow TIPS has been 14 years in the making, with pilots in 1998 and 2002.
NCUA regional information security officers will present updates on the 2011 FFIEC Supplement to Authentication Guidance.
NCUA Board Chairman Debbie Matz last week announced the appointment of JeanMarie Komyathy as director of risk management in the Office of Examination and Insurance. Komyathy assumes her new duties September 3.
Veteran examiner assumes her new duties on Sept. 3 and succeeds Tim Segerson, who earlier this year became deputy director of E&I.
The 2012 Temporary Corporate Credit Union Stabilization Fund assessment of 9.5 basis points of insured shares will reduce annualized return on average assets for federally insured credit unions an estimated 8 basis points industry wide, to 0.81%, the NCUA said during its monthly board meeting July 24.
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
NASHVILLE, Tenn. — Effective Jan. 1, NCUA’s Office of Corporate Credit Unions will reorganize into a new Office of National Examinations and Supervision.
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.