Links in “NCUA”

According to the agenda for the November 19^th NCUA Board Meeting, a proposed FOM rule will be a prime subject of discussion. The proposed rule is expected to expand the scope of community charters and provide some regulatory relief. The Board will also take up the 2016-2017 budget. [11/11/15]

If the new risk-based capital rule is clear as mud to you, a new video posted on the NCUA website may help. The video provides a summary of the rule and the agency’s implementation plan. The new rule is expected to impact 24% of federally-insured credit unions with assets of $100 million or more. [11/10/15]

NCUA has opened the nomination process for consulting services for the first half or 2016. Credit unions that meet certain eligibility requirements can nominate themselves or can be nominated by their examiner for consulting assistance with strategic planning, new product development and other areas. Nominations must be submitted by November 30^th. [11/5/15]

NCUA has launched a new website. The new design is designed to be more mobile-device responsive. [11/3/15]

With the awaited finalization of the NCUA's rule changes, member business lending has been looking rather appealing lately. Credit union lending to businesses has risen over the last few years, and the proposed changes are expected to encourage even stronger growth. The NCUA rule changes would allow more flexibility and autonomy for these loans and businesses would have new sources to funds needed. [11/2/15]

NCUA issues prohibition orders against three former credit union employees. One for embezzlement, band fraud and aggravated identity theft; one for credit union theft; and one for money laundering and embezzlement. [11/2/15]

An increasing number of defections from federal to state charters means a decline in operating fee revenues, which puts pressure on the NCUA to raise the operating fee rate. But that could create a vicious cycle of even more conversions to state charters. [11/2/15]

Can you believe November is already here? The October report covers topics including the small credit union threshold, NCUA's plan to acquire vendor authority, and possible field of membership changes. [11/2/15]

The NCUA’s Office of Small Credit Unions is hosting a free webinar on Wednesday, November 18^th at 2:00 EST that is designed to assist credit unions in being more competitive in the auto lending market. A panel of experts will discuss strategies for harvesting auto loan refinances and building portfolios by making more loans to applicants with low credit scores while managing the risk of non-prime loans. [10/29/15]

The NCUA has amended current regulations to require that credit unions taking certain risks must hold capital commensurate with those risks. The intent of the NCUA is to reduce the number of high-risk institutions that are exhausting capital and causing systemic losses. [10/29/15]