CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
CUNA Chief Economist Mike Schenk will present at the NCUA’s budget briefing Wednesday at NCUA’s Alexandria headquarters. The briefing is scheduled to start at 10 a.m. (ET) and will be streamed live on NCUA.gov.
NCUA’s latest Letter to Federal Credit Unions features guidance on how credit unions can prepare a successful narrative application when using this option to apply for serving a well-defined local community.
CUNA supports NCUA’s proposal to provide regulatory relief through amendments to regulations regarding loans and lines of credit to members, it wrote Thursday while calling for NCUA to go further in several areas to provide regulatory relief.
NCUA posted its proposed 2019-2020 budget Thursday and scheduled a budget briefing for Oct. 17. The agency will be accepting comments Oct. 26 and the board is scheduled to vote on the final budget Nov. 15.
NCUA is closely monitoring Hurricane Florence, it said Wednesday, and has a hurricane information webpage with materials on preparedness and recovery for credit unions and members affected by the storm.
Supervisory guidance does not have the force and effect of law, NCUA and other federal financial regulatory agencies said Tuesday in a joint statement. CUNA supports this unified approach from regulators.