The NCUA announced that they would raise the asset threshold defining “small entities” to $100 million, making hundreds more credit unions eligible for regulatory relief under the Regulatory Flexibility Act.
At its monthly Board meeting, the administration also approved a final rule on capital planning and stress testing, said future Stabilization Fund assessments were unlikely, and revised its 2015 budget down by $1.3 million.
Northwest credit unions grew loans, membership, assets and return on assets according to new Q1 data released by the NCUA this morning. Idaho led the nation in many categories.
When are federally insured credit unions required to include the NCUA sign or statement in advertising and promotional materials? Here’s an explanation from the experts at CSCU.
Northwest credit unions are on the right course, an analysis of national data by the NWCUA shows, with asset growth, ROAA and net worth all increasing during the third quarter of 2013. At the same time, charge-offs and delinquency ratios continue to decline.
The National Credit Union Administration Board approved three items at its Oct. 24 meeting: a final rule requiring all federally insured credit unions to plan for liquidity events; a final rule requiring all federally insured credit unions to electronically file Call Report information with NCUA; and a proposed rule requiring annual stress tests at federally insured credit unions with assets exceeding $10 billion.
The Loan Participation Rule issued by the National Credit Union Administration earlier this summer takes effect on Monday, and credit unions will want to make sure they are meeting the requirements of the final rule.
The NCUA cut its 2013 operating budget by $2.6 million—the fourth mid-year budget decrease the agency has approved. The board also set the Stabilization Fund assessment at 8.0 basis points.
The NCUA approved the Final Rule on Loan Participations during its board meeting Thursday. The NWCUA compliance team breaks down new details on the rule.
How credit unions promote their certificate accounts may depend on their charters. The rules are addressed in this week’s Compliance Question of the Week.
WesCorp’s former CEO has been slapped with a prohibition order and a $600,000 fine by the National Credit Union Administration. The move closes another chapter in the corporate failure saga that cost credit unions billions and called into question the regulator’s oversight during the collapse.
The rule also limits a federally insured credit union’s ability to provide indemnification.