NCUA has awarded more than $1.5 million in Community Development Revolving Loan Fund grants to help 90 low-income credit unions expand outreach to underserved communities, participate in mentoring relationships, receive training, and improve digital services and security.
NCUA released a new tool Wednesday to help small credit unions comply with the CECL standard, which goes into effect for most credit unions Jan. 1, 2023. CUNA has called on NCUA to provide guidance to credit unions on CECL implementation.
Registration is now open for NCUA's third summit focused on diversity, equity, and inclusion, set for Nov.2 to 4. The theme of this year’s summit is All-In on DEI & ACCESS. ACCESS is NCUA’s initiative for Advancing Communities through Credit, Education, Stability, and Support.
Low-income credit unions can get valuable advice on applying for Community Development Revolving Loan Fund grants and loans during a Sept. 14 webinar. Online registration for this webinar, “How to Get a Winning Grant/Loan,” is now open.
NCUA issued a Letter to Credit Unions Thursday updating its interest rate risk supervisory framework. CUNA wrote to NCUA last week sharing credit unions’ IRR concerns and requesting NCUA change its policies to provide greater examiner flexibility.
NCUA announced a $395 million distribution to shareholders of the former Members United, Constitution, and U.S. Central, as well as dividends to shareholders Southwest Corporate. The distribution is scheduled to occur before the end of September 2022.
The cumulative regulatory burden on credit unions is near an all-time high, though it has slowed recently, CUNA wrote to NCUA Monday in response to NCUA’s annual review of one-third of its regulations, this year’s covered parts 700 to 710.
NCUA is hosting a webinar on August 24 at 2 p.m. ET to discuss Bank Secrecy Act trends and challenges, and provide credit unions with valuable updates on BSA compliance. Online registration for the free webinar webinar is open.
NCUA's third annual summit focused on diversity, equity, and inclusion will take place November 2-4. The theme of this year’s event is All-In on DEI & ACCESS. ACCESS represents NCUA’s initiative for Advancing Communities through Credit, Education, Stability and Support.
The NCUA board approved its final asset threshold supervision rule and issued a proposal on cyber incident reporting at its meeting Thursday. The board also heard a briefing on the 2022 mid-session budget.