Decision gives credit unions an additional year to raise capital and achieve compliance.
Chairman McWatters acknowledged Washington Congressman Denny Heck’s legislation to delay the process and study the impact on credit unions.
NWCUA anticipates future distributions.
NWCUA to host July 18 webinar that will help credit unions learn how to navigate the grant application process.
Membership growth also continues to trend upward in all three states.
Metsger has served on the board since 2013 and as chairman in 2016/2017.
Your Association’s Compliance team has analyzed the decision and shares guidance for federally-chartered credit unions.
This Thursday, Feb. 15, credit unions will learn what to expect from the distribution.
Northwest credit unions continue to lead the nation in a number of key performance metrics, including growth in loans, assets, deposits, and membership.
The NCUA requests comments from stakeholders to identify the challenges that could arise if it adopts a new, standardized data format.
The NWCUA and member credit unions advocated for this win for the Credit Union Movement.
See the latest NCUA and CFPB rulemaking’s implications for credit unions.
NCUA Board Projects Budget Savings, Proposes Closing Stabilization Fund and Providing a Distribution in 2018
In its July Board meeting, NCUA proposed a distribution of $600-800 million, estimated $5.8 million in savings during its budget review, and announced plans to consolidate regional offices.
The Board will review the budget, issue a request for comments on closing the Temporary Corporate Stabilization Fund, and propose a rule regarding Share Insurance Fund equity distributions.