Links in “NCUA”
- NCUA Stabilization Fund Stabilizes
The NCUA announced that the Stabilization Fund requirement dropped $2.2 billion with projected future remaining assessments now between negative $2 billion and negative $600 million. NCUA efforts at recovery through litigation provided material relief and Chairman Matz noted that NCUA is "hopeful that we will not need to make future credit union assessments.â [3/19]
- Home-Based Credit Unions Angry about Proposed Rule
Despite statements by NCUA to the contrary in its proposed rule, home-based credit unions say they were not consulted about relocating their offices to commercial spaces. The preamble to the proposed rule concerning home-based credit unions states that the Office of Small Credit Union initiatives had contacted each of these credit unions to offer assistance concerning their long-term viability and with obtaining acceptable office space. [3/19]
- A Look at the NCUA’s Liquidity and Contingency Funding Letter
NAFCU reviews the NCUA's recent supervisory letter addressing the exam process for liquidity and contingency funding rules. [3/19]
- Corporate Stabilization Fund Receives Clean Audit Report
NCUA has received a clean audit opinion with no reportable findings on its Temporary Corporate Stabilization Fund for the fifth consecutive year. The report also noted, however, that the credit quality of the mortgage backed securities continues to decline. [3/18]
- NCUA Releases March Report
12-page report provides insights on wide range of topics including the strength of Insurance Fund, threats to and management of cyber security, voluntary liquidation, "know your member," verification, fraud, HMDA data, and Fair Lending impact. [3/18]
- NCUA Awards Grants to LICUs
The NCUA announces the issuing of $517,890 in grants to 127 low-income credit unions to promote new products, training, and access to resources. [3/14]
- Key Changes May Be Coming for Risk-Based Capital Rules
NCUA chair says key changes to RBC proposal are still possible before it becomes final rule. [3/11]
- Matz Fears Credit Unions May Be the Next Big Target
NCUA Chair Debbie Matz is concerned about credit unions being the next big target for cyber terrorism stating, âCyber terrorism doesnât just deny services; it destroys security and dismantles systems.â Matz encourages CTOs to visit NCUAâs website and review the new section, âCyber-Security Resources.â [3/10]
- More on NCUA’s Derivatives Rule
Recap of NCUA's new derivatives rule, which went into effect this week. [3/7]
- Hundreds of Credit Unions File Late Call Reports Despite Potential Fines
Although the number of credit unions that filed their 4th quarter 2013 Call Reports late has declined significantly, 561 credit unions still missed the January 24th filing deadline. NCUA stated that these credit unions will receive warning letters, but subsequent late files will face civil money penalties under NCUA's new rule. [3/6]
