Updated Small Entity Rule to Relieve 733 More Credit Unions

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.

Best Practices for Federally Insured Credit Unions’ Advertising, Promotions

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.

NCUA Board Approves Final Liquidity and Call Report Rules, Proposes Annual Stress Tests

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.

NCUA Loan Participation Policy Requirements Effective on Monday

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.

NCUA Reduces Budget, Establishes Stabilization Fund Assessments

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.

NCUA Approves Loan Participation Rule

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.

Robert Siravo Fined $600,000, Banned from Federally Insured Credit Union Employment

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.

NCUA Board Assesses 9.5 Basis Points for Corporate Stabilization Fund

At its open board meeting this morning, the NCUA announced that federally insured credit unions will owe 9.5 basis points to fund the 2012 Temporary Corporate Credit Union Stabilization Fund.

Regulatory Advocacy Update

The NWCUA generates and monitors regulatory movement and change at the state and federal levels. The weekly Regulatory Advocacy Update keeps you informed about new developments, how the Association is working for its members—and how you can get involved.

Compliance Question of the Week

How is it that the NCUA is enforcing the SAFE Act on state chartered credit unions?

NCUA Weighing Options For O.U.R FCU

Under the agency’s conservatorship, normal business activity will continue and members of the credit union will have access to the services available to them prior to NCUA taking control of the credit union’s operations last Friday.

Golden Parachute Rule Curtails Payouts at Troubled CUs

The rule also limits a federally insured credit union’s ability to provide indemnification.

Compliance Question of the Week

How is it that the NCUA is enforcing the SAFE Act on state-chartered credit unions?

Corporate Corner: Assessments for the Stabilization Fund

Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUA’s plans to resolve the issue and stabilize the industry.