NCUA is hosting a webinar on January 3 to share key data points from the 2022 Credit Union Diversity Self-Assessment Results Report and provide information on how to submit your credit union’s 2023 voluntary assessment.
The 2022 Credit Union Diversity Self-Assessment Results Report is now available. In 2022, 481, or 10% of all credit unions, submitted a self-assessment. The figure represents an all-time high for submissions to the NCUA.
The NCUA Board will vote on a final 2024-25 budget and issue a request for comment on its Overhead Transfer Rate (OTR) methodology at its Dec. 14 meeting. The meeting is scheduled to begin at 10 a.m. ET and will be streamed live on NCUA.gov.
NCUA announced it will reinstate assessing civil money penalties for credit unions failing to submit NCUA Form 5300 Call Report on time, effective Jan. 1, 2024. The December 2023 Call Report will be the first reporting cycle under the reinstated program and will be due by 11:59:59 p.m. ET time, Jan. 30, 2024.
CUNA filed written comments with NCUA Tuesday on the agency’s proposed 2024-25 budget, noting significant concerns with the proposed overall increase and with increases in examination staff and examination time dedicated to consumer compliance issues.
NCUA awarded $400,000 in Community Development Revolving Loan Fund grants to support innovative credit union pilot projects: CBC Federal Credit Union, Greenstate Credit Union, ELGA Credit Union, and True Community Credit Union.
NCUA’s proposed 2024 budget represents a very significant increase from 2023 and CUNA is concerned with both the extent of and the reasons for the increase, CUNA Chief Economist Mike Schenk said at NCUA’s budget meeting Thursday.
The NCUA board will vote on the final charitable donation account rule at its Nov. 16 meeting, and hear a quarterly briefing on the National Credit Union Share Insurance Fund. The meeting will begin at 10 a.m. ET and be streamed live on NCUA.gov.