Links in “NCUA”

In his testimony in a Senate confirmation hearing, NCUA Board nominee Rick Metsger identifies interest rate risk and cybersecurity issues as top threats to the safety and soundness of the nation’s credit unions; a vote on Metsger’s nomination could occur as soon as July. [6/28]

Tempe region finds problems at CUs with interest accrual calculations, and how late fees are applied. [6/24]

Supervisory letter explains how examiners will evaluate whether a CU is compliant with a 2012 rule on credit ratings for investment products; 2012 rule requires that CUs use a narrative standard rather than using credit ratings to assess their investment risk. [6/21]

At yesterday’s board meeting, the NCUA Board approved a final rule on loan participations making some changes to the proposed rule, specifically the concentration limit for loan participations with the same seller has been increased to $5 million or 100% of net worth, whichever is greater. [6/21]

At yesterday's board meeting, NCUA approves amendments to Parts 701 and 741 – the loan participation rule, eligible obligations rule and requirements for insurance rule. [6/21]

NCUA and other agencies like to issue guidance in the form of legal opinion letters, BSA Manuals, Letters to Credit Unions, etc. However, guidance is not law; hence, how should credit unions react when their regulatory agency issues guidance on a particular subject matter? [6/20]

NCUA adds a final rule on loan participations to its June 20 agenda; proposed rule is controversial and credit union trade associations had urged the agency to withdraw it, but the agency seems intent with moving forward with further restrictions to CUs' ability to participate in loan participations. [6/19]

Broad range of topics covered with emphasis on understanding Board actions. [6/19]

NCUA Board Chairman Matz to hold town hall covering wide range of topics including regulatory relief and risk management. [6/14]

Not enough to have a thick binder with a software-generated plan; your plan needs to be customized to meet your credit union’s needs and strategic goals, plus be reviewed, updated and tested on an annual basis. [6/13]