Links in “Credit Unions”
- NCUA Establishes Risk-Based Capital Calculator
An online calculator developed by NCUA allows credit unions to see how the proposed risk-based capital requirements will affect their individual ratios. The calculator can be accessed at http://rbnw.ncua.gov. [1/27]
- NCUA Focus for 2014: Private Student Lending
Post recaps NCUA focus on private student lending in 2014. [1/27]
- Kansas Places Credit Union into NCUA Conservatorship
Citing discovery of unsafe and unsound practices, Kansas Department of Credit Unions places Parsons Pittsburg Credit Union, a small credit union serving 1,470 members, into NCUA conservatorship. [1/27]
- NCUA Board Extends 18% Interest Rate Ceiling
The NCUA Board has once again approved an extension of the current 18% interest rate ceiling for loans made by federal credit unions. The 18% rate ceiling is now effective through September 1, 2015. [1/24]
- NCUA Issues Final Derivatives Investment Rule
NCUAâs new rule will allow certain credit unions to use simple derivatives as a hedge against interest rate risk. Only well-managed credit unions with $250 million or more in assets are eligible to seek NCUA approval to use derivatives through a new two-step process. [1/24]
- NCUA Approves Troubling Proposed Risk-Based Capital Rule
Yesterday, the NCUA Board approved a proposed rule that would require federally-insured credit unions with assets of more than $50 million to maintain risk-based capital ratios between 8.0% and 10.49% in order to be classified as well-capitalized. Most troubling are provisions that would assign a 250% risk-weight to investments in CUSOs and mortgage servicing assets. [1/24]
- CUNA Notes Concerns About Risk-Based Capital Rule
The NCUA Board will be considering a proposed rule on risk based capital at todayâs board meeting, but CUNA Deputy General Counsel Mary Dunn has concerns. While CUNA supports net worth-standard changes designed to better reflect risk, Dunn says that the new requirements should not just be an addition to the current system. [1/23]
- NCUA Opens 2014 Technical Grant Round
NCUA is now accepting applications for technical grants from low-income designated credit unions. Individual credit unions may receive grants up to $16,500 for new CDFI certifications, new products, and student internships. [1/23]
- NCUA Posts List of Regulations to be Reviewed in 2014
Each year NCUAâs General Counselâs Office reviews one-third of the NCUA rules to determine whether any modifications are recommended to keep pace with the changing industry. This yearâs list includes rules governing records preservations, flood insurance, the Bank Secrecy Act, and tort claims against the government. [1/22]
- Target Breach to Cost Credit Unions More Than $30 Million
According to a recent online CUNA survey, the Target data breach has already cost credit unions almost $30 million and this figure does not include fraud costs. The respondees reported an average cost so far of $5.10 per affected card. [1/22]
