ncua

NCUA will host the second part of a two-part workshop, “Sustaining DEI Through Developing Your DEI Strategic Plan,” August 21, starting at 1 p.m. Eastern. Participants will learn the latest tools, techniques, and theories to build an effective strategic plan that will incorporate diversity, equity, and inclusion (DEI) in regular work practices and behaviors. The …

NCUA webinar on developing strategic DEI plan set for August 21 Read More »

The NCUA Board approved a federal credit union interest rate ceiling of 18% effective Sept. 11, 2024 to March 10, 2026, at its meeting Thursday. The board is required to revisit any interest rate exceeding 15% every 18 months, and it has kept the 18% since May 1987, with NCUA boards voting 23 times to …

NCUA approves 18% FCU interest rate ceiling, issues succession, compensation proposals Read More »

The NCUA board should vote Thursday to establish a floating interest rate ceiling, America’s Credit Unions Head of Regulatory Advocacy Ann Petros wrote all three board members prior to Thursday’s meeting. The board may establish a temporary, higher rate—currently set at 18 percent—for up to 18 months after considering certain statutory criteria. The NCUA should …

Floating interest rate cap would allow CUs to ‘more fairly and fully serve’ Read More »

The NCUA board will vote on succession planning and incentive-based compensation arrangement proposed rules at its July 18 board meeting. The agenda also lists an item on the federal credit union loan interest rate ceiling. America’s Credit Unions’ legacy organizations have called on NCUA to raise the interest rate ceiling in recent years, and supported …

NCUA board to vote on succession planning, compensation proposals Read More »

The NCUA has extended the deadline for applying for 2024 Community Development Revolving Loan Fund (CDRLF) grants to July 12. The agency will administer more than $3.4 million in CDRLF grants to the most-qualified applicants, subject to the availability of funds. The grants page on the NCUA’s website has all the necessary information for submitting …

NCUA extends CDRLF grant deadline to July 12 Read More »

The NCUA should only promulgate new rules or expand existing rules if they are “clearly warranted based on a compelling need,” America’s Credit Unions Regulatory Advocacy Senior Counsel Luke Martone wrote to the agency Friday. The comments were sent in response to NCUA’s annual review of one-third of its regulations. America’s Credit Unions continues to …

NCUA rulemakings should come only when warranted based on ‘compelling need’ Read More »

NCUA released its annual Cybersecurity and Credit Union System Resilience Report Monday, summarizing the current cybersecurity threat landscape, highlights the agency’s key cybersecurity initiatives, and outlines the agency’s ongoing efforts to enhance cybersecurity preparedness and resilience within the credit union industry. The Cybersecurity and Credit Union Resilience Report is required by the Consolidated Appropriations Act …

NCUA releases cybersecurity, credit union system resilience report Read More »

Field of membership (FOM) was the focus of a credit union meeting with NCUA Vice Chairman Kyle Hauptman on Monday.  America’s Credit Unions’ Andrew Morris and a group of credit unions met with the vice chair, sharing stories of their efforts to add underserved areas to their FOM, current challenges at hand, and potential ways …

Credit unions meet with NCUA vice chair on FOM opportunities Read More »

Median assets, shares, and deposits in federally insured credit unions declined  during the year ending in the first quarter of 2024. At the same time, both median loans outstanding and delinquencies increased. This is according to the latest Quarterly U.S. Map Review released by the NCUA. While median aggregate assets and shares and deposits in …

NCUA releases Q1 2024 state-level credit union data report Read More »