Eighteen months after it proposed a controversial loan participation rule that would have capped purchases from single originators to just 25% of net worth, the NCUA Board approved a final rule June 20 that significantly relaxed the provision.
Agency records show loan quality as top safety and soundness issue of suburban community credit union.
BALTIMORE — NCUA Chairman Debbie Matz tells the National Federation conference about the agency's intentions for small credit unions.
NCUA Board Members Debbie Matz and Michael Fryzel said they are eagerly anticipating comments on a rule that would grant new investment authorities but could set a pay-to-play precedent that concerns trade associations.
ALEXANDRIA, Va. — NCUA Board encourages comments on proposed rule that would grant new investment authorities. Trades express concern.
Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.
All of us in the credit union industry–regulators, credit union professionals and directors–have a role to play. Our actions have consequences both short term and long term. I fear that the actions of some of us are leading credit unions on a path to mediocrity.
The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.
New report cites CEO's aggressiveness and risk-taking, compliant board, lax oversight in California credit union failure.
OIG says agency should amend capital rules to reflect higher risk in member business loan portfolio.