Links in “NCUA”
- Matz Declines Request for Extended RBC Comment Period
NCUA Chair Debbie Matz has said ânoâ to the joint request from CUNA and NAFCU to extend the comment period for the proposed risk-based capital rule for an additional 90 days stating that the proposed rule has been available to credit unions since January and that is sufficient time for credit unions to review the rule and to formulate their comments. The other two board members have yet to respond to the request for the extension. [4/25]
- NCUA Board Approves Final Stress Testing Rule
The NCUA board, by a 2 to 1 vote, approved the controversial and costly stress testing yesterday at its April board meeting. In a change from the proposed rule, the final rule states that NCUA will keep the test results confidential, at least for the first few years. [4/25]
- NCUA Board Actions: Associational Common Bonds and More
NCUA board actions include the final rule on required capital planning, stress testing for credit unions with assets greater than $10 billion, and clarification requirements for associational common bond groups for federal credit union membership with streamlined approval of recognized groups and expansion of CME Federal Credit Unionâs community charter to serve eight counties in the vicinity of Columbus, Ohio. [4/25]
- NCUA Board to Vote on Stress Testing and Associational Common Bond Rules Today
Expectations are that the NCUA Board will approve a final rule on stress testing and a proposed rule on associational common bond requirements. The costly stress testing rule that directly affects credit unions with assets of $10 billion and more has been very controversial and industry experts will be closely following the deliberation and voting process at todayâs NCUA Board meeting. [4/24]
- CUNA Subcommittee Meets with NCUA about RBC
CUNAâs Subcommittee on Examination and Supervision met yesterday with NCUAâs Director of Examination and Insurance Larry Fazio and Deputy Director Tim Segerson. The subcommittee pressed the NCUA officials with their concerns about the adverse effect the proposed rule will have on credit unionsâ capital cushion and on the agencyâs proposed authority to impose additional capital requirements on individual credit unions on a case-by-case basis. [4/22]
- NCUA Report for April Released
April newsletter covers various topics including fines for late submission of call reports, promoting fraud awareness, handling liquidity issues, the improving stabilizing fund position, and request for comments on new risk-based capital rules. [4/22]
- NCUA Takes a Beating on RBC at NACUSO Conference
NCUA was ill-prepared to deal with questions from the audience about why the NCUAâs risk-based capital rule is more strict than the bank rule. NCUA Board member Rick Metsger did not receive the warm welcome he has received at previous appearances, but added assurance that the NCUA Board is making major changes to the proposed rule. [4/21]
- NCUA Video Provides Insights on Risk-Based Capital
The newly released, two-part video on the NCUA's YouTube Channel provides insights for federally insured credit unions in understanding the proposed changes to NCUAâs Prompt Corrective Action rule that may affect CU's risk-based capital ratios. Link provides access to NCUA's Risk-Based Capital Calculator to compute impact and standing. [4/18]
- NCUSIF Loss Reserve Doesnât Reflect Actual Losses
Chip Filson of Callahan & Associates skewers the NCUAâs accounting practices for loan losses for the NCUSIF, the largest single expense for the share insurance fund. Filson demonstrates that the loss provisions established by the NCUA for the past six years bear no relationship to actual losses, which raises the question of whether the agency should have authority over an individual credit unionâs reserving decisions as stated in the proposed risk-based capital rule. [4/18]
- The NCUA on ERM: Separating Facts From Fiction
NCUA requires that corporate credit unions implement formal Enterprise Risk Management (ERM) programs. However, according to Larry Fazio, NCUAâs Office of Examination and Insurance Director, the agency does not require all natural person credit unions to implement ERM programs. However, the key is in the word âallâ. NCUA may require individual credit unions to adopt ERM-like programs based on specific factors and examiners might use ERM-like techniques to evaluate your credit union in your next exam. [4/16]