The NCUA Board will vote on a a request for comment on its operating fee methodology at its June 22 meeting, will hear a briefing on new charter modernization, and discuss a a Minority Depository Institution preservation program.
Median asset growth and growth in shares and deposits declined slightly over the year ending in the first quarter of 2023 for federally insured credit unions, At the same time, loans outstanding grew at the median, according to the latest Quarterly U.S. Map Review released Wednesday by NCUA.
NCUA Chairman Todd Harper spoke at the MD|DC Credit Union Association’s annual meeting and convention Tuesday, discussing the safety and soundness of the credit union system, interest rate and liquidity risk, the NCUA’s recent Request for Information on climate-related financial risk, and more.
Total loans outstanding in federally insured credit unions increased $229 billion, or 17.6%, over the year ending in the first quarter of 2023, to $1.53 trillion, according to the latest financial performance data released Thursday by NCUA.
NCUA is hosting a webinar to discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership and relevant resources available for consumers and credit union professionals. It will take place June 21 at 1 p.m. ET.
The NCUA board issued a proposal to update the definition of “qualified charity” in its Charitable Donation Accounts (CDA) rule at its Thursday meeting. CUNA requested NCUA add 501(c)(19) veterans organizations in addition to currently allowed 501(c)(3) organizations in June 2022.
CUNA wrote the Senate Banking, Housing, and Urban Affairs Committee in support of the credit union position on third party vendor authority, privately insured credit unions, deposit insurance reform, and the Central Liquidity Facility.
NCUA released its Office of Minority and Women Inclusion Annual Report to Congress on the agency’s diversity, equity, and inclusion programs and initiatives in 2022. It also outlines the agency’s efforts in ensuring fair and inclusive business practices.
NCUA will host a webinar on May 3 explaining the agency’s Simplified CECL Tool, created to help small credit unions implement the CECL accounting standard. Registration is now open for the free webinar, which will begin at 12:30 p.m. ET and run approximately 60 minutes.