NCUA’s latest letter to credit unions (18-CU-01) provides an update on five board-approved Examination Modernization Initiatives designed to improve and modernize how the agency conducts examination and supervision.
CUNA encouraged NCUA to analyze ways regulations governing non-member deposits could be improved without posing additional risk in a letter following recent meetings between agency staff and CUNA’s Small Credit Union Committee.
The NCUA board issued a lending proposal, finalized a suspensions and debarment rule and extended the federal credit union loan interest rate ceiling, among other items on the agenda at its Thursday board meeting.
NCUA issued a proposed rule to delay implementation of its risk-based capital rule by one year at its Thursday meeting. CUNA supports delaying the rule, but has pushed for a two-year delay through various pieces of legislation.
CUNA appreciates NCUA’s efforts to expand opportunities to provide short-term, small-dollar loans, and prefers a holistic approach to Payday Alternative Loan products that are flexible for credit unions and consumers, but not overly prescriptive,”
The NCUA conducted a recent webinar in which staff discussed how credit union employees can help their members maximize NCUSIF coverage. A CUNA CompBlog entry examines what agency staff say about various account types.
More than 5,700 credit unions will begin receiving share insurance fund distributions this week as a result of the CUNA-supported plan from NCUA. CUNA continues to press NCUA to reduce the Share Insurance Fund Normal Operating Level.