Links in “NCUA”
- NCUA’s Regulatory Modernization Initiative Turns Three!
Celebrating the third anniversary of her Regulatory Modernization Initiative, NCUA Board Chairman Debbie Matz provides insight into the results of the agency's efforts. Regulatory relief for small credit unions is at the top of the list, and Matz emphasizes that more changes will be made in the coming months. [9/24/14]
- NCUA Examination Appeals: The Odds are Not in Your Favor
Paper finds credit unions are rarely successful in overturning initial examination determinations, with less than 20% of appeals resulting in the regional office amending the material supervisory determinations. [9/24/14]
- ABA Calls Out Credit Union on Field of Membership
ABA sends letter to the NCUA citing Agricultural FCU for its home page that states "Everyone is welcome. Join today." The website provides instructions on a one-time donation to an organization called CityDance qualifies individuals for membership. [9/23/14]
- NCUA, CFPB, and FinCEN Need Your Opinion
The agencies are requesting comments on customer due diligence (FinCEN), fixed assets (NCUA), and Regulation C (CFPB). These comments are due during the month of October. [9/22/14]
- McWatters’ First Day of NCUA
The results are in from McWatters' first monthly board meeting for NCUA. Among the happenings are technical amendments to parts 701, 706, and 790 of NCUA's rules and regulations. [9/19/14]
- NCUA’s Board Meeting Results
The agenda and results of Thursday's NCUA Board meeting are now available. Video recordings will also be available soon, and can be viewed for one year following the meeting. [9/19/14]
- Is Your Credit Union Afraid of the NCUA?
The Senate Banking, Housing, and Urban Affairs Committee held a hearing yesterday where Linda McFadden, president/CEO of XCEL Federal Credit Union, commented that because NCUA's process for rule making is typically a solo effort, "credit unions are afraid to come forward and take their issues to the NCUA because they know they are very closed-minded about it."Â How does your institution feel? [9/17/14]
- NCUA Discourages Bullying of Underdog
NCUA's Director of the Office of Examination and Insurance, Larry Fazio, testified at the Senate Banking Committee meeting Tuesday on behalf of small credit unions. His intentions mirror the overall efforts of NCUA to provide regulatory relief and streamline examinations for smaller institutions while offering assistance in whatever manner possible. [9/17/14]
- Get Out of My Checking Account, You Whippersnappers!
Monitoring for elder abuse is no laughing matter. Thankfully, the NCUA has released YouTube videos that can help keep no-good hooligans away from the accounts of our senior citizens. [9/16/14]
- So You Want to Start a Federal Credit Union?
The NCUA lays out five parts of the process in its new resource offering information on applying for a federal credit union charter. [9/16/14]
