NCUA

The federal agency released data culled from fourth quarter 2016 call reports that showed the "great divide" between large and small credit unions continues to widen.

The regulator has banned a half dozen former credit union employees from participating in the affairs of any federally insured financial institution.

The industry had cause to celebrate when the regulator revamped its MBL and FOM regulations, but several fights are brewing.

At its February meeting, the NCUA Board approved a routine measure to reauthorize an 18% interest rate cap on loans, but suggested that it’s time for Congress to make some changes.

A month into the comment period, NCUA has yet to receive a single response to a proposal that could provide credit unions easier access to market capital. The issue is unusually complex, experts say.

The trade group says that by merging the Share Insurance Fund and Corporate Stabilization Fund to issue dividends now – instead of in 2020 – the regulator could avoid instituting new premiums to the NCUSIF.

No CUs with assets of more than $250 million were subject to civil monetary penalties for filing late Call Reports.

The $12.8 million Employees First CU lost $2.8 million in 2016.

On the heels of his own promotion to acting chairman, McWatters designated his senior policy advisor and former state regulator Sarah Vega to serve as NCUA chief of staff.

The $24 million Landmark CU lost more than $1 million in 2016.