Links in “NCUA”
- NCUA Joins Push to Encourage Americans to Save More
NCUA encourages CUs to educate members and their families about the importance of saving during the 2/24/2014 to 3/1/2014 America Saves and Military Saves Week. Promotional elements seek to advance savings through motivational workshops and informational campaigns. [1/31]
- Analysis of NCUA’s Proposed Rule on Risk-Based Capital
30,000-foot level analysis of the NCUA's proposed rule on risk-based capital, as approved during its January board meeting. [1/31]
- Metsger Advocates Chip-and-PIN Technology for Card Security
In his first article for the NCUA Report, new NCUA board member, Richard Metsger, wrote that the current security technology is too vulnerable to security breaches and that the Target breach may bring enough attention to this issue to move the industry towards greater security measures, such as the chip-and-PIN technology. [1/30]
- NCUAâs Approach to Home-Based Credit Union is Too Heavy Handed
According to CUNA, NCUAâs proposed rule that addresses the risks involved in home-based credit unions is an overreaction to issues that may not be systemic. CUNA recommends that instead of requiring all home-based credit unions to find off-site locations in the next two years, among other requirements, that risk issues with these credit unions be handled on a case-by-case basis. [1/27]
- NCUA Establishes Risk-Based Capital Calculator
An online calculator developed by NCUA allows credit unions to see how the proposed risk-based capital requirements will affect their individual ratios. The calculator can be accessed at http://rbnw.ncua.gov. [1/27]
- NCUA Focus for 2014: Private Student Lending
Post recaps NCUA focus on private student lending in 2014. [1/27]
- NASCUS Addresses NCUA Concerns on Examinations at Home-Based CUs
Interesting commentary on home-based (actual home) credit unions and how to conduct examinations of these CUs, balancing the need for examiner safety and examination requirements. NASCUS promotes case-by-case approach. [1/27]
- Kansas Places Credit Union into NCUA Conservatorship
Citing discovery of unsafe and unsound practices, Kansas Department of Credit Unions places Parsons Pittsburg Credit Union, a small credit union serving 1,470 members, into NCUA conservatorship. [1/27]
- NCUA Board Extends 18% Interest Rate Ceiling
The NCUA Board has once again approved an extension of the current 18% interest rate ceiling for loans made by federal credit unions. The 18% rate ceiling is now effective through September 1, 2015. [1/24]
- NCUA Issues Final Derivatives Investment Rule
NCUAâs new rule will allow certain credit unions to use simple derivatives as a hedge against interest rate risk. Only well-managed credit unions with $250 million or more in assets are eligible to seek NCUA approval to use derivatives through a new two-step process. [1/24]
