Links in “NCUA”

Rick Metsger, the NCUA Board Vice Chairman called upon credit unions to embrace NCUA goals that reflect the quickly evolving economic environment. He stated four goals: announcement of a final field-of-membership rule, creation of a policy to enable credit unions to join together under one charter, development of recommendations to improve key NCUA processes, and continuing to assist credit unions in meeting members' needs. [2/23/16]

NCUA has released a three-segment video explaining how board members can work to develop successful strategic policies. [2/22/16]

A group of 30 lawmakers wrote to the NCUA asking for the 18-month exam cycle for well-run credit unions. [2/19/16]

The move to expand the eligibility for the 12.25% cap on business lending is "a blatant disregard for Congress and the thousands of concerned citizens who sent in comment letters to the agency. Also see here. [2/19/16]

The NCUA Board will be voting today on the proposed changes to the member business lending rule that removes many of the limits on underwriting criteria, as well as eliminating the personal guarantee requirement. If approved as proposed, individual credit unions would be able to set their own underwriting standards based on the credit union’s business model and risk tolerance. [2/18/16]

NAFCU is encouraging credit unions to contact their Congressional representatives today to ask them to sign a letter to NCUA Chair Debbie Matz requesting that the agency return to the 18-month exam schedule.  The letter advises that a longer exam cycle will provide needed regulatory relief and better allocate NCUA resources. [2/17/16]

NAFCU has launched a new e-handbook entitled “Credit Union Compliance 101,” which is designed to provide guidance to new compliance officers as well as serving as a reference guide for experienced compliance officers. The e-handbook, which is available now for purchase, provides links to resources, guidance on specific areas such as advertising and lending, an index of significant NCUA Legal Opinion Letters, an index of the active Letters to Credit Unions, and several chapters devoted to the role and responsibilities of the compliance officer. [2/17/16]

NASCUS' (National Association of State Credit Union Supervisors) President and CEO Lucy Ito is featured in the association's video that urges state regulators and credit unions to comment on the NCUA's Overhead Transfer Rate (OTR) that is used to cover the federal agencies costs. The video urges comments noting that the "NCUA should not have carte blance in spending credit union system dollars." [2/17/16]

The NCUA's flagship newsletter focuses on a myriad of topics including efforts to build a smarter and more secured ATM access system that could involve the loss of actual ATM cards. Other articles include a piece on regulatory focus for 2016 and how to tell if your credit union holds MSB accounts. [2/17/16]

The proposed changes could give credit unions a new view and methodology regarding Member Business Lending (MBL). [2/12/16]