Links in “NCUA”
- NCUA Unveils New Video Education Series
Video series explains key changes in new rules impacting international remittances and mortgage lending. [11/6]
- Mayfair’s 77 Years of Operations Come to an End
NCUA places Mayfair, a federal credit union chartered in 1936 that served a low-income community in Philadelphia, into conservatorship. Represents the fourth such placement for 2013. [11/4]
- Protecting Members Against Social Engineering Scams
Consumers need to be educated, especially during the holiday season, about fraudsters who try to pass themselves off as their credit union in an attempt to gain confidential information. This is one of several tips offered by NCUA in its October report. [11/4]
- NCUA Developing New Fraud Risk Exam Procedures
NCUA is working on new fraud exam procedures to improve its ability to detect fraud particularly in small credit unions. The new procedures come on the heels of NCUAâs decision to reduce the amount of onsite exam time for credit unions with assets of less than $10 million and a CAMEL rating of 3 or worse. [11/1]
- NCUA October Economic Update Emphasizes Interest Rate Risk
The regulatory choir seems very unified in promoting the need for interest rate risk and liquidity management. [10/31]
- Electronic Filing for All Federally Insured Credit Unions
According to NCUA, it was costing $125 per filer per quarter to process paper copies of 5300 Call Reports and other financial and statistical reports. As a result, a final rule issued today will require that all federally insured credit unions submit these reports electronically beginning on January 1, 2014. [10/30]
- NCUA Promotes Webinar on Employee Fraud Deterence
November 14 webinar will answer key questions on reducing employee fraud and provide real-world case studies. [10/30]
- NCUA Finalizes Liquidity Rule
Yesterday, the NCUA Board approved a final rule that requires all federally insured credit unions to take specific steps to ensure they have adequate liquidity. The requirements are tiered based on asset size. In addition, the Board approved a proposed rule that will required stress testing for all federally insured credit unions with assets of more than $10 billion. [10/25]
- No NCUSIF Assessment in 2013
NCUAâs Chief Financial Officer announced that the fund had an equity ratio of 1.31% as of the end of September, so there is no need for an assessment to federally insured credit unions for 2013. She also reported that the number of CAMEL 3, 4 and 5 credit unions has declined. [10/25]
- NCUA Issues Minimum Liquidity Guidelines
New items from recent meetings held by NCUA Board included focus on liquidity with standards placed for all CUs depending on asset size. Anticipate an increased focus on liquidity practices in 2014. [10/25]