NCUA’s proposed 2021 budget appropriately responds to changing priorities, especially in light of the pandemic. Comments are due to the agency Dec. 11, and the Board will vote on the budget Dec. 17.

Kyle Hauptman was confirmed by the Senate Wednesday for a seat on the NCUA board. Hauptman will serve a term through August 2025 once sworn in. 

NCUA’s latest Letter to Federal Credit Unions announces that the meeting flexibility measures put in place this year due to the pandemic will remain in place through 2021. CUNA has pushed for the flexibility in several recent meetings with NCUA.

NCUA encourages credit unions to prudently work with borrowers.

NCUA has released the results from the 2019 Credit Union Diversity Self-Assessment. The 2019 report is available on NCUA’s website. The 2020 Self-Assessment can be completed through Jan. 15, 2021.

The NCUA Board issued a proposal Thursday allowing credit unions to capitalize interest in connection with loan modifications. CUNA has strongly pushed the agency for this change in recent months, including in three letters to NCUA Chairman Rodney Hood.

Federally insured credit unions can learn more about NCUA’s response to the COVID-19 pandemic by participating in a webinar hosted by the agency on Dec. 3, beginning at 1 p.m. (ET).

NCUA’s proposed 2021–2022 budget is now available for review and comment. The draft 2021 operating budget is $315.6 million, 0.1% lower than the 2020 budget. Comments must be emailed to NCUA by Dec. 11.

Credit unions interested in offering payday alternative loans or other forms of short-term lending can get advice from an upcoming webinar hosted by NCUA Nov. 16 starting at 3 p.m. (ET). Registration is now open.