CUNA Chief Economist Mike Schenk thanked NCUA for its transparency on budget priorities and noted the agency’s budget justification is clear, comprehensive and well-developed at NCUA 2020-21 budget briefing Wednesday.
NCUA Chairman Rodney Hood wrote a letter to credit unions last week asking credit unions of all sizes, particularly those with 100 or more employees, to complete NCUA's Voluntary Credit Union Diversity Self-Assessment annually.
Credit unions that participate in Small Business Administration programs or that are interested in those programs can get valuable information during a Nov. 13 webinar hosted by the SBA and NCUA, scheduled to begin at 2 p.m. (ET).
NCUA board member Todd Harper requests comment on creating a dedicated consumer compliance exam program for large, complex credit unions. Current exams in credit unions assets of $10 billion or less differs from other financial regulators.
Credit unions can get valuable information about a range of consumer protection topics on a Nov. 19 webinar hosted by NCUA, including PAL IIs, HMDA review findings, Regulation B and elder financial abuse.
NCUA’s proposed 2020–2021 budget is now available for review and comment. The agency will hold a public budget briefing on Nov. 20, beginning at 10 a.m. (ET), at its Central Office in Alexandria, Va. and CUNA will present at the briefing.
The NCUA Board Thursday finalized a nonmember deposits rule, proposed field of membership changes to align with the recent victory in the D.C. Circuit Court of Appeals, and received a briefing on cybersecurity.
NCUA, along with other federal financial regulators, issued a request for comment on a proposed interagency policy statement promote consistency in the interpretation of the credit losses accounting standard, which introduces the CECL methodology.
The NCUA board will vote on a final public unit and non-member shares rule, and issue a notice of public rulemaking on chartering and field of membership at its Oct. 24 meeting. The board will also hear a briefing on cybersecurity.