NCUA comment period closed Monday on proposed threshold to be defined as small credit union.
The NCUA took an active approach to shoring up credit unions and consumers affected by Hurricane Sandy, making use of field examiners who placed phone calls and sent emails to their assigned credit unions in attempt to survey the damage.
Low-income credit unions that need help digging out from under Hurricane Sandy can access grants, the NCUA said Tuesday.
NCUA spokesman says many agency staff working at home as D.C. area still largely shut down.
NAFCU expects to submit its comment letter on proposed rule by Thursday's deadline.
Community Promise FCU in Kalamazoo sponsored by same organization that sponsored one that vanished by merger last month in nearby Battle Creek.
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.
The NCUA is making efforts to streamline that can often go unnoticed when so many other compliance issues have been hitting credit unions. Some, such as Dodd-Frank requirements, are beyond the agency’s control. Others like the CUSO and participations rules are seemingly in perpetual limbo, lurking in a corner for...
Is the NCUA is throwing good money after bad?
ALEXANDRIA, Va. — Increase among proposed rules approved Thursday by NCUA Board at its meeting Thursday.