ncua

Transparency needed in any future NCUA call report changes

Credit unions support a more transparent process for changes to NCUA’s call report, America’s Credit Unions’ Ann Petros wrote to NCUA Chairman Todd Harper Wednesday. Changes to the call report—proposed by the NCUA Board in December and effective March 31—require credit unions with more than $1 billion in assets to list income related to overdraft …

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Reminder: Register to attend NCUA, CDFI webinar

The NCUA and Community Development Financial Institution (CDFI) Fund will host a free webinar tomorrow to provide credit unions with information about the CDFI certification process. Registration for the event is still available.   During the webinar, staff from the NCUA and CDFI Fund will discuss the requirements of the revised CDFI Certification Application, including …

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Proposed call report changes contain new fee reporting requirements

Recently proposed changes to the call report require credit unions with $1 billion or more in assets to report fee income they derive from overdraft and nonsufficient funds fees. NCUA published a draft of amended call report instructions in December 2023, effective March 31. America’s Credit Unions’ latest Compliance Blog post examines the proposed changes …

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NCUA issues HMDA Reg Alert

The NCUA issued a Regulatory Alert to provide information on which credit unions must comply with the Home Mortgage Disclosure Act (HMDA) reporting requirements under the CFPB’s Regulation C.  In the alert, the NCUA explained that credit unions must collect HMDA data associated with mortgage loan applications processed during 2024 if the credit union meets …

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NCUA Call Report Update: Focus on Overdraft & NSF Fees; Penalties Resume

If you’ve been following regulatory compliance developments over the past 18 months or so, then you’ve likely noticed that the regulatory agencies have increased their scrutiny of certain fees charged by credit unions. While numerous fees have been targeted, the agencies have focused the most attention on overdraft and non-sufficient funds (NSF) fees. For the …

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NCUA Board approves updates to MDI preservation program   

The NCUA Board Thursday unanimously approved its final interpretive ruling and policy statement that updates the Minority Depository Institution (MDI) Preservation Program’s features and clarifies the requirements for a credit union to receive and maintain an MDI designation, among other changes.  The board also received a briefing on the performance of the Share Insurance Fund (SIF) for …

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This week: America’s Credit Unions monitors NCUA Board meeting, NY special general election

America’s Credit Unions is supporting a candidate running to fill New York’s open U.S. House seat Tuesday in a special general election. Former Rep. Tom Suozzi, D-N.Y., is running to fill the 3rd Congressional District seat, which was vacated by former Rep. George Santos, R-N.Y., after his expulsion in December.   Suozzi was a credit union …

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NCUA to finalize changes to MDI Preservation Program, receive SIF quarterly report 

The NCUA released the agenda for its February Board meeting, noting that the agency will receive a briefing on the Share Insurance Fund’s (SIF) quarterly report and will issue a final interpretive ruling and policy statement on the Minority Depository Institution (MDI) Preservation Program.  The NCUA outlined proposed changes to the MDI Preservation Program last …

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NCUA, CDFI Fund to co-host webinar on Certification Application

Credit unions interested in certification to become a Community Development Financial Institution (CDFI) can learn about the application process during a Feb. 29 webinar hosted by the NCUA and CDFI Fund. Online registration for the webinar is now open. The hour-long webinar is scheduled to begin at 2 p.m. Eastern. Staff from the NCUA and …

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