Regulatory & Compliance

The NCUA will not be affected if federal government shuts down.

The NCUA will not be affected if federal government shuts down.

ALEXANDRIA, Va. If current financial trends continue, the NCUSIF's equity ratio will likely end the year at between 1.28% and 1.32%, which could mean a lower assessment to pay for the corporate credit union rescue, NCUA Chief Financial Officer Mary Ann Woodson told the agency's board last Thursday.

WASHINGTON House Financial Services Committee Chairman Spencer Bachus (R-Ala.) didnt address specific credit union legislative priorities during his speech at NAFCUs Congressional Caucus, but he commiserated with attendees about the dangers of excessive regulation.

WASHINGTON Saying that her goal is to target risky behaviors in credit unions, not credit unions themselves, NCUA Chairman Debbie Matz on Sept. 19 announced that the agency will beef up certain safety and soundness regulations but ease up on others.

WASHINGTON Two members of Congress used their speeches at NAFCUs Congressional Caucus to deliver news that advances the cause of raising the cap on member business loans.