ALEXANDRIA, Va. (3/14/16)--Loans and deposits in federally insured credit unions grew in all 50 states and the District of Columbia in the final quarter of 2015, according to the National Credit Union Administration.
WASHINGTON (3/11/16)--The National Credit Union Administration board will be in a better position to consider an extended examination cycle once new processes and procedures are in place by the end of 2017, agency Chair Debbie Matz wrote Thursday.
ALEXANDRIA, Va. (3/9/16 UPDATED 1:00 p.m.)--CUNA President/CEO Jim Nussle expressed his gratitude to National Credit Union Administration Chair Debbie Matz, who announced today she would step down April 30. Nussle personally talked to Matz immediately following her retirement announcement.
ALEXANDRIA, Va. (3/9/16)--Credit unions interested in more information about how mergers can factor in to growth strategy still have time to register for today’s webinar hosted by the National Credit Union Administration. The webinar, called “Mergers as a Growth Strategy,” is scheduled for 90 minutes, beginning at 2 p.m. (ET) today.
ALEXANDRIA, Va. (3/8/16)--Credit unions are stepping up in a big way for National Consumer Protection Week this week, starting from the industry’s prudential regulator all the way down to credit unions in their local communities.
ALEXANDRIA, Va. (3/4/16)-- Total shares and deposits at federally insured credit unions surpassed $1 trillion in the fourth quarter of 2015, the National Credit Union Administration reported Thursday. The data, based on fourth quarter 2015 call report information, also showed membership in federally insured credit unions hit 102.7 million and that overall share and deposit accounts at federally insured credit unions increased $65.2 billion, or 6.9%, from the end of the fourth quarter ending Dec. 31, 2014.
NCUA Chair Rick Metsger told CUNA that the agency has begun the process of consulting industry practitioners to assist in the transition as credit unions work to implement the new current expected credit loss accounting standard.
CUNA’s inaugural Fair Lending Workshop took place last week in Denver, leading to valuable discussions on compliance with the Equal Credit Opportunity Act, the Fair Housing Act, the Home Mortgage Disclosure Act and more.