Links in “NCUA”
- So You Want to be an NCUA Examiner?
NCUA releases a video taking a look at a day in the life of three NCUA examiners. [2/10/16]
- What 53 State Banking Associations Wrote to Congress
In a letter to key members of Congress, 53 state banking associations urge an investigation of the tax implications of the NCUA's field of membership proposal. Here's what they said. [2/9/16]
- Wisconsin Liquidates Tiny CU
CTK Credit Union of Milwaukee was liquidated Friday and the NCUA was appointed the liquidating agent. The CU had 397 members and assets of $163,197. [2/8/16]
- ABA: Two Thumbs Down on NCUA’s FOM Proposal
The NCUA asked for comments on its field of membership proposal. It got one from the ABA, which is "strongly opposed" and urges that it be withdrawn. Here's what it told the NCUA. [2/8/16]
- NASCUS Cries Foul over NCUA Practices
The National Association of State Credit Union Supervisors or NASCUS, which oversees non-federal credit unions, is taking its federal counterpart, the NCUA, to task regarding NASCUS identified NCUA practices of shifting financial burden to NASCUS members via the overhead transfer rate or OTR. [2/5/16]
- NCUA Addresses CUNA-sought Clarifications on Privacy Notice Law
Federal credit union examiners are on notice that when a credit union meets certain statutory requirements it no longer must send annual privacy notices. In a letter to credit unions, the NCUA provides the clarification that CUNA sought. NCUA Chair Debbie Matz stated, âNCUA examiners have been notified that if your credit union meets the applicable requirements, you need not send annual privacy notices unless and until your credit union no longer meets those requirements.â [2/2/16]
- 22 Credit Unions Penalized by NCUA for Late Call Reports
This week the NCUA announced 22 credit unions filed late call reports for the 3rd quarter of 2015 and have consented to civil monetary penalties totaling $18,682. The range of penalties charged were from $115 up to $10,000. In order to determine the penalties for the credit unions, the NCUA assessed three factors: the credit unionâs asset size, its recent call report filing history, and the length of the delay. [2/2/16]
- NACUSO Offers Clarification on New CUSO Registry Guidance
On Nov. 21 2013, NCUA amended federal rules and regulations related to credit union service organizations (CUSOâs), and that new registry officially opened yesterday. Included in these amendments is the requirement for CUSOâs to agree, in writing, to provide information directly to the agency. [2/2/16]
- NCUA Bars 6 Individuals
NCUA issues prohibition orders to six individuals, some for embezzlement, some with charges unspecified, but to avoid the time and expense of administration litigation. [2/1/16]
- Bank Advocate Calls NAFCU’s FOM Claim “Absurd”
Says the claim that NCUA hasn't tackled the field-of-membership issue for more than 15 years lacks credibility. [2/1/16]
