The NCUA’s proposed rule that would allow it to declare state-chartered federally insured credit unions in “troubled condition” is the latest move by the federal regulator that has some state- chartered credit unions and their regulators crying foul.
Proposed NCUA "troubled condition" rule has some state-chartered credit unions, their regulators crying foul. Get the story early in this week's print preview.
NASCUS decries what is describes as NCUA preemption.
ALEXANDRIA, Va. — The NCUA Board Tuesday approves adjustment to 2012 operating budget that will apply $2 million in savings to 2013 spending.
ALEXANDRIA, Va. — Agency cites Increase in redit unions with assets between $250 million and $500 million showing “some degree of financial stress."
ALEXANDRIA, Va. – Federally insured credit unions have two new proposed rules to consider, new corporate assessment after the NCUA Board met Tuesday.
NCUA Board member Michael Fryzel defended NCUA examiners in a June 11 letter to the editor after an online editorial accused the regulator of “trying to destroy small credit unions.”
Board member says agency not "trying to kill small credit unions." Utah league exec recounts typical exchange: "You'll make it. But others won't."
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.
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.