The NCUA Board presided over a monthly board meeting Feb. 21 that concerned mostly positive news for credit unions. Two new rules that expand investment powers and field of membership reach were approved. And year-end share insurance statistics showed improved CAMEL scores and legacy asset performance.
The NCUA Board approved two new rules during its February meeting Thursday that expand investment powers and field of membership reach.
Panel also will consider NCUSIF's quarterly report at next week's session.
ALEXANDRIA, Va. — Increase among proposed rules approved Thursday by NCUA Board at its meeting Thursday.
CUNA and NAFCU: Regulatory relief proposals from the NCUA Board on Thursday will, in general, benefit credit unions.
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. — The NCUA will reconsider the $10 million threshold that currently defines small credit unions, its board chair said Thursday.
At a recent NCUA listening session in Alexandria, Va., representatives from the agency were asked whether investment regulations might be broadened to allow credit unions to purchase Treasury Inflation Protected Securities.
The NCUA’s second listening session, which attracted approximately 100 participants to the Westin Hotel in Alexandria, Va., was intended to address exam issues and the regulatory burden. The event did address exams, but questions also revealed two potential regulatory changes.
ALEXANDRIA, Va. — When the NCUA next opens Part 703 for changes, it will recommend that credit unions be allowed to invest in TIPS.