Links in “NCUA”
- NCUA Report: New Capital Requirements for Riskier CUs
In addition to discussing the new capital requirements for riskier CUs, key articles in the latest NCUA report focus on handling NCUA examinations, the rule on derivatives, Q&A on mergers, and interest rate risk from long-term investments. [2/19]
- CUNA Calls for Public Hearings on Risk-Based Capital
CUNA is urging NCUA to conduct public hearings before proceeding with its risk-based capital proposal. The CEO, Bill Cheney, says NCUA would benefit from hearing credit unionsâ concerns in an interactive setting and points out that under the current system credit unions were able to weather the worst financial crisis in 80 years in a strong fashion. [2/18]
- “Love Letters” from the NCUA
A recap of some of the "love letters" NCUA has issued in the last few weeks, including an announcement of the E-Calculator and a revised version of its "Your Insured Funds" booklet. (Be still my heart!) [2/14]
- Matz States that NCUA Will Seriously Consider Concerns About Proposed Risk-Based Capital Rule
During a webinar yesterday with CFPB Director Richard Cordray, NCUA Chair Debbie Matz stated that the Agency will give serious consideration to the comments its receives on the proposed risk-based capital rule. NAFCU Chief Economist, David Carrier, estimates that under the proposed rule credit unions with more than $50 million in assets will have to hold an additional $6.3 billion in additional reserves in order to maintain their current capital cushion. [2/13]
- NCUA Confirms No Corporate Assessment in 2014
NCUA announced yesterday that there will not be a Temporary Corporate Credit Union Stabilization Fund (TCCUSF) assessment in 2014. Citing the $1.4 billion settlement from J.P. Morgan and continued improvement in the underlying legacy assets, the Agency added that itâs likely that there will not be any more assessments going forward. [2/13]
- NCUA: Positive Impact of JPMC Assessment
NCUA noted that Temporary Corporate Credit Union Stabilization Fund, which is designed to address risks from CU failure is operating in the negative, which is a good thing. The fund, which received a massive boost from the JPMorgan Chase recovery ranges from negative $1.9 billion to negative $400 million. [2/13]
- Sound Advice for Private Student Lending
NCUA provided marching papers to its examiners late last year when the agency issued a supervisory letter addressing private student loans. From that letter there are three key takeaways on which credit unions that offer private student loans or those that are considering offering private student loan need to focus. [2/12]
- NCUA Hosting Free Webinar on Fields of Membership
NCUA is presenting a free webinar on âField of Membership Strategies for Federal Credit Unionsâ on Wednesday, February 19th at 2:00 EST. NCUA presenters will discuss the requirements and benefits of the different types of charters and expansion strategies. [2/6]
- NCUA Strategizes on Field of Membership Opportunities
The NCUA will host a 2/19/2014 webinar to promote field of membership strategies for federal credit unions touching on key topics of requirements, advantages of various federal charters, and the decision process for choosing expansion. [2/5]
- NCUA Now Offering Updated Share Insurance Booklet
NCUAâs latest version of its âYour Insured Fundsâ booklet is now available for consumers and credit unions. The update booklet, which offers plain English explanations of the share insurance coverage is available at http://go.usa.gov/BD3d. [2/4]
