The NCUA released the latest versions of its Credit Union Locator and Research a Credit Union web applications today. These applications are now mobile responsive and have updated mapping technology and other new features and enhancements to improve their performance and accessibility.
The National Credit Union Share Insurance Fund reported a net income of $26.2 million, $20.2 billion in assets, and $73.7 million in total income for the third quarter of 2022, according to staff at NCUA's Thursday board meeting. The equity ratio for the fund remains at 1.26%.
CUNA submitted a letter for the hearing with NCUA Chairman Todd Harper's testimony before the House Financial Services Committee, addressing several credit union priorities and expressing concerns over a recent NCUA study on credit union mortgage lending.
CUNA wrote in support of several credit union priorities for the record of the hearing with NCUA Chairman Todd Harper’s testimony before the Senate, Banking, Housing, and Urban Affairs Committee Tuesday. Harper testified as part of a panel of federal financial regulators.
NCUA released the results of the 2021 Credit Union Diversity Self-Assessment, showing 61% of responding credit unions reporting a leadership and organizational commitment to diversity and 56% reporting taking steps to implement employment practices to demonstrate that commitment.
The NCUA board released its monthly meeting schedule for 2023. No meeting is scheduled for August and the meeting schedule is subject to change. The calendar is posted to NCUA’s website and agendas are available one week in advance of each open board meeting.
NCUA’s third summit focused on diversity, equity, and inclusion, is set for Nov. 2 to 4 and registration is open. CUNA, League, and credit union leaders will participate in the event, which has an online and live component.
The NCUA Board discussed the latest on cybersecurity and the Central Liquidity Facility at its Thursday meeting. It also approved the agency’s Enterprise Risk Appetite Statement, a management tool that provides guidance on the amount of risk the NCUA is willing to undertake.
NCUA should be laser-focused on budgetary discipline, CUNA Deputy Chief Advocacy Officer Jason Stverak told the agency Wednesday at its 2023-24 budget briefing. NCUA’s proposed combined 2023 staff draft budget is $367.0 million, or 8.1% higher than the 2022 budget.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.