The National Credit Union Administration (NCUA) Board issued for comment an advance notice for proposed rulemaking (ANPR) on alternative capitl for credit unions. The NCUA Board is considering changes to the existing secondary capital regulation [...]
Bloomberg is reporting that the Dodd-Frank Act incentive compensation rule is unlikely to be completed during the closing days of the Obama presidency due to the National Credit Union Administration (NCUA) Board being short-handed. The [...]
The National Credit Union Administration (NCUA) on October 27 repealed the "core area" requirement when a federal credit union (FCU) applies for a community charter consisting of a portion of a Core Based Statistical Area ([...]
The National Credit Union Administration (NCUA) Board is proposing to include within a credit union’s common bond the honorably discharged veterans of any branch of the United States Armed Forces that is listed in [...]
There are two kinds of presents: the kind you love to get, like a remote controlled helicopter, and the kind you need, like socks. With the Christmas season officially upon us, here is my list [...]
by: Keith Leggett The National Credit Union Administration reported that the number of problem credit unions fell by 18 during the quarter to 258 credit unions at the end of the first quarter of 2015. [...]
by: Keith Leggett The National Credit Union Administration (NCUA) reported that credit union profits were up 8 percent for 2014 to $8.8 billion. The return on average assets ratio stood at 80 basis points [...]
by: Keith Leggett The National Credit Union Administration (NCUA) painted a bleak outlook for small credit unions in its proposal to raise the asset threshold for small entities to $100 million in assets. NCUA described [...]
by: Keith Leggett In its proposed risk-based capital rule, the National Credit Union Administration (NCUA) makes the case for two credit union industries -- one comprised of large, complex credit unions and the other made [...]
by: Keith Leggett The Silicon Valley Business Journal reported on local credit unions entering into the wealth management business. Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, stated that she [...]
by: Keith Leggett Is a disability a common bond? For at least one credit union, the answer is yes. Veridian Credit Union (Waterloo, Iowa) states that part of its field of membership includes "individuals with [...]
by. Keith Leggett Representative Carolyn B. Maloney (D-NY) wrote Consumer Financial Protection Bureau Director Richard Cordray requesting he act immediately to curb abusive overdraft fees. She specifically urged Cordray to expand the opt-in rules to [...]
by. Keith Leggett Numerous studies show that lifetime earnings and level of educational attainment are positively correlated. However, there are some college and university credit unions, which have received a low-income designation from the National [...]
by. Keith Leggett NCUA reported that credit union loans and assets rose during the second quarter of 2014; but shares (deposits) fell. Federally insured credit unions’ total assets grew $47.3 billion, or 4.5 [...]
by. Keith Leggett The National Credit Union Administration reported that there were 295 problem credit unions at the end of the second quarter of 2014 -- a decline of 11 from the end of the [...]
