Links in “NCUA”

CUs providing services to oil workers should expect higher delinquency rates and charge-offs if job losses in the sector continue. Agricultural cultural unions could face similar hardships due to changes in prices from farming products as well. NCUA chairwoman Debbie Matz said that the price fluctuations will influence the Dakotas differently but will present challenges. Now is the time to prepare! [4/16/15]

The NCUA is rescheduling a webinar entitled NCUA 2015:  Grant and Loan Opportunities that was originally scheduled to air this afternoon to Thursday, April 28^th at 2:00 pm EST. NCUA representatives will be discussing the grant process and four new grant initiatives that NCUA will be funding. [4/15/15]

A bill introduced in the Senate would require the NCUA to hold public hearings and get public comments on its annual operating budget.  Matz is opposed to the bill, stating that no other financial regulator is subject to similar requirements. [4/15/15]

Proposed rules on successors in interest, definition of delinquency, foreclosure notice issues and others are the subject of letters from CUNA and NAFCU to the CFPB on proposed changes to the mortgage servicing rules. [4/13/15]

Leaders of the House Financial Services Committee are calling on the federal regulatory agencies to disavow any involvement in Operation Choke Point. The letters were sent to the FDIC, the CFPB, the NCUA, and the OCC. [4/10/15]

The NCUA is encouraging credit unions to aid in promoting financial literacy among their younger members. To that end, it is hosting a webinar entitled, “Your Mission in Action: Developing Youth Financial Literacy and Savings Programs” on April 22^nd at 2:00 P.M. EST. The 90-minute webinar is free to all attendees. [4/9/15]

The Internet Crime Complaint Center has issued an alert warning about fraudulent government websites and web defacements.  Fraudsters are creating websites that mimic government websites with the intent of obtaining personal consumer information and, in some cases, fees for services that are never delivered.  Both the NCUA and a Montana credit union have been victims. [4/9/15]

Questions arise regarding why the credit union industry was kept in the dark about the NCUA's agenda for changes to the insurance fund. [4/8/15]

In response to a FOIA request, the NCUA finally releases a September 2013 white paper on the National Credit Union Share Insurance Fund. The paper recommends increasing the equity ratio far beyond current limits. That proposal is "really bad news," according to CUNA. [4/8/15]

The NCUA plans to ask Congress to amend the Federal Credit Union Act to allow for a risk-based NCUSIF insurance premium system. The NCUA claims that the current 1.3% equity ratio cap is too restrictive. [4/7/15]