NCUA issued a Letter to Credit Unions clarifying certain expectations for credit unions contemplating the use of new or emerging distributed ledger technologies.
The NCUA board heard a quarterly update on the National Credit Union Share Insurance Fund at today’s board meeting. Agency staff reported a net income of $54.4 million and a net position of $20.4 billion for the quarter ending March 31.
The NCUA board will hear a quarterly briefing on the National Credit Union Share Insurance Fund (NCUSIF) at its May meeting. The meeting is scheduled to begin at 10 a.m. ET and will be streamed live on NCUA.gov.
Comments on several items of relevant to credit unions are due in the next several weeks. For a complete list, visit CUNA’s Letters and Testimonies page.
Staff from the NCUA’s Office of Examination and Insurance will focus on the overall capital adequacy framework for all federally insured credit unions, including the final RBC and CCULR rules, during a Feb. 23 hosted by NCUA.