NCUA Board Headlines: Bank Note Investment Flexibility and Positive Net for Stabilization Fund

In its third open meeting of the year, the National Credit Union Administration Board approved a more flexible bank notes rule and announced a $302 million net position gain in the Stabilization Fund.

Submit Your Comments on the NCUA’s Member Business Lending Proposal

Read the NWCUA’s draft comment letter, join a CUNA webinar on the proposed bill, and get your comments in by the August 31 deadline.

Deadline Nears for Free NCUA Consulting

Minority Depository Institutions, low-income designated credit unions, and those with total assets of less than $50 million are encouraged to apply.

Compliance Center: NCUA Releases Agenda for April 30 Board Meeting

NCUA agenda set; your question answered on charging fee for dormancy; plus this week’s legal briefs.

Compliance Center: NCUA Releases Videos to Help Credit Unions With CDFI Certification

Five-video series will help credit unions get certified; Can you follow Robert’s Rules for board meetings?; Plus this week’s legal briefs.

McWatters Favors Secondary Capital, Working Group Formed

NCUA Board Member McWatters wants supplemental capital included in new RBC proposal; Chair Matz announces supplemental capital and field of membership working groups.

Applications for Free NCUA Consulting Due November 30

Small and new credit unions, and those with low-income designation, are encouraged to apply for free consulting from the Office of Small Credit Union Initiatives.

NCUA Releases Anti-Fraud Videos

The eight-video series shows credit unions how to deter, prevent and detect fraud.

Northwest Credit Unions Awarded Ten Percent of NCUA’s “Round Two” Grant Pool

In an extraordinary demonstration of collective action, 24 Northwest credit unions worked together to win a Collaboration Grant from NCUA that will fund a package of compliance tools for a full year.

NCUA’s Chief Economist to Present at CUES/NWUCA Executive Summit

The NCUA’s chief economist will present an economic outlook and his perspective on interest rate risk management at the Executive Summit in Sunriver later this month. John Worth’s economic forecasts help to determine much of the regulator’s policy.

NCUA’s Mestger Supports Supplemental Capital Legislation, RBC Rule Changes

NCUA Director Rick Metsger announced support for Supplemental Capital in an address to Massachusetts credit unions this week. As well, he reiterated regulator plans to significantly review and adjust the proposed risk-based capital rule.

Time’s Up: Comments on Risk-Based Capital Proposal Must Reach NCUA by Wednesday

Credit unions have until May 28 to comment on the NCUA’s Risk-Based Capital proposal, and those who can’t submit their own letters still have time to add their names to the NWCUA’s strongly worded missive.

$1.2 Million Available in NCUA’s Second Round of Grants to Low-Income Credit Unions

The National Credit Union Administration will make $1.2 million available to low-income credit unions in the second round of Community Development Revolving Loan Fund grants for 2014. Applications will be accepted June 2-30.

Free CUNA Webinar to Address Key Aspects of NCUA’s Risk-Based Capital Proposal

Can the NCUA’s proposed Rick-Based Capital Rule be fixed? That’s the question CUNA will ask in a free one-hour webinar that will explore key aspects of the proposal. The webinar is scheduled for Wednesday, March 19, and is limited to the first 500 registrants.

A Closer Look: NCUA Finalizes New CUSO Registration and Reporting

Brian Witt, an attorney with the law firm Farleigh Wada Witt, says credit union losses from CUSO operations are infrequent, but it’s the magnitude of recent CUSO losses that led to increased regulation and the NCUA’s final CUSO rule.

NCUA Releases Supervisory Letter on Enterprise Risk Management

The National Credit Union Administration (NCUA) recently released Supervisory Letter No. 13-12, which discusses the NCUA’s views on Enterprise Risk Management as one framework for managing risk, and the NCUA’s supervisory expectations with regard to credit unions’ risk-management programs.

Legal Briefs

Your weekly update on the regulatory landscape.

NCUA’s Matz Invites Credit Unions to Town Hall Webinar

NCUA Board Chair Debbie Matz will host a town hall webinar July 18. Industry performance, regulatory reform, and risk management are among topics.