Compliance

ALEXANDRIA, Va. – The NCUA Board is expected next week to vote a new CUSO rule that will give the federal regulator greater controls and monitoring over the hundreds of credit union subsidiaries that do everything from data processing to ATM networking to real estate services.

ORLANDO, Fla. – NCUA will be ratcheting up how it defines a “small” credit union in the near future.

Credit unions in New Jersey took their message regarding examination and regulatory issues to NCUA's headquarters.

The NCUA has changed its troubled debt restructuring (TDR) rule to allow credit unions to deem a restructured member mortgage loan current as soon as the loan is closed.

SECU and NCUA have been arguing over more than just TDRs, including the CU's disclosure of its CAMEL code last year.

Effective June 30, NCUA's new TDR rules eliminate the need to maintain separate manual delinquency calculations on the past due status of loans.

ALEXANDRIA, Va. – The NCUA Board yesterday extended most of the provisions of the agency’s regulatory flexibility, or RegFlex, program to all credit unions, which previously had been reserved only for the healthiest credit unions.

ROCKVILLE, Md. – NCUA on Tuesday issued a supervisory order to Montgomery County Teachers FCU, a troubled, one-time $468-million credit union in the process of merging with nearby Educational Systems FCU – which will create one of Maryland’s largest credit unions.

CHANTILLY, Va. – Justice FCU has selected NeighborBench, a cloud-based platform that connects credit unions with a team of compliance experts, to help simplify compliance.

RESTON, Va. – Constellation FCU has signed with COMPASS 4 CUs for the company’s External Compliance Officer solution.