NCUA

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.

The regulator's sole prohibition order for January 2017 involves a 2013 embezzlement case.

Beyond reasserting Republican control over the agency for the first time since 2009, President Trump's appointment of Mark McWatters as acting NCUA chair is expected to have little immediate impact.

NCUA’s latest list of supervisory priorities offers credit unions a glimpse at what examiners will be focusing on in 2017 – and even well into 2018.

The annual registration period for CUSOs opens on Feb. 1 and observers say the second year of the process comes with significantly less anxiety than last year.

The National Credit Union Administration and credit union trade groups cheered a judge's decision to dismiss a lawsuit against the agency's member business lending rule, but ICBA is still mulling the possibility of an appeal.

Five federally insured, low-income credit unions earned certification as community development financial institutions

Credit union service organizations are required to register annually as part of a rule the regulator approved in 2013.

We know some credit unions won't much like our story presenting the bankers' arguments on FOM and MBL, but ignoring them would be unwise.