Links in “NCUA”

The NCUA's proposal to allow a Combined Statistical Area as a well-defined local community does not sit well with this banking industry advocate. [12/10/15]

NCUA Chair Debbie Matz told the members of the House Financial Services Committee that the relationship the NCUA has with the Financial Stability Oversight Council is "mutually-beneficial" and helps the NCUA better protect credit unions and their members. However, some members of the committee claimed that the FSOC is acting as a shadow regulatory agency and hammered Matz during her testimony. [12/9/15]

FDIC reports that loan and lease balances are up $95 billion, and the problem list of banks fell from 228 to 203. NCUA reports loans increased 3.3% over the previous quarter, and the percentage of federally insured credit unions that were well-capitalized credit unions rose a half a point over the same time last year. [12/9/15]

The House Financial Services Committee is scheduled to mark up two bills today that will offer regulatory relief to credit unions. The first bill will call for more transparency and efficient use of NCUA funds. The second will create national data security standards and consumer notification requirements for all entities that handle sensitive consumer information. [12/8/15]

NCUA's data for the third quarter shows a 3.3% increase in loans from the previous quarter and a 10.7% increase from this time last year. Credit union membership now exceeds 102 million; however, the number of federally-insured credit unions has declined to 6,090. [12/7/15]

To celebrate its 25th anniversary, CU Times asked its readers to vote for the individual that they felt had the most influence on the industry since 1990.  The winner...........former NCUA Chair and industry consultant Dennis Dollar. [12/7/15]

The NCUA's Office of Inspector General is recommending that the agency add an "S" to its CAMEL rating system. The "S', which would stand for "sensitivity to the market," would be designed to more effectively measure and monitor interest rate risk. The OIG is concerned that the current methodology might understate or obscure situations of high IRR risk. [12/2/15]

The NCUA has determined that Greater Abyssinia Federal Credit Union is insolvent and has no prospect for recovery. It therefore has decided to liquidate the credit union and discontinue operations.  The credit union had assets in the amount of $412,775 and served 425 members. [12/1/15]

Mortgage outsourcing, best practices, and compliance requirements are on the agenda for this NCUA Dec. 16 webinar. [11/30/15]