Regulatory & Compliance

Regulatory relief did a handful of good things for credit unions and NCUA, but it has also provided state regulators with more say at the federal level than before.

NASCUS recently announced that 12 state regulatory agencies received re-accreditation from NASCUS last year.

Small credit unions need a break from the heavy regulatory burden and the time may be ripe for "reg-lite" policies, Linda Jekel, the chairman of the National Association of Credit Union Supervisors, told Washington State executives last week.

The instances when a federal credit union can issue member business loans to CEOs, assistant chief executive officers, chief financial officers, and any "immediate family members" of these officials was recently clarified by NCUA.

NCUA recently announced that registration has opened for its Access Across America Summit scheduled for March 6 at the Sheraton Tampa Riverwalk Hotel in Tampa, Fla. To register for the free, one-day summit, credit unions should use the NCUA Web site (http://www.ncua.gov) or contact Nina Bullard at (703) 518-6318. The...

Congressman Nick J. Rahall (D-W.V.) recently announced that NCUA had awarded a credit union from his state a technical assistance grant from the Community Development Revolving Loan Fund.