Metsger: NCUA Will Host Budget Briefing
Credit union stakeholders will have an opportunity to offer comments on the NCUA’s proposed 2017–2018 budget at a briefing in October, Board Chairman Rick Metsger said during a speech at the National Association of Federal Credit Unions’ annual conference in Nashville, Tenn.
Register Now for Our Micro-Enterprise Lending Webinar
Credit unions can learn how to assist member small businesses while helping their own bottom lines by taking part in our, “Micro-Enterprise Lending – Making Loans to Small Businesses,” webinar on Wednesday, July 13, 2016 at 2 p.m. Eastern. There is no change to participate.
NCUA Returns Control of Texans Credit Union to Members
Texans Credit Union of Richardson, Texas, is once again under the control and direction of its members. The conservatorship of Texans was successful due to the unified efforts to carefully and deliberately mitigate exposure and risk from troubled assets, improve lending controls, revitalize operations, and improve operating efficiencies.
NCUA Asks for Exam, Supervision Comments by Aug. 1
NCUA’s Exam Flexibility Initiative is a comprehensive effort to evaluate the agency’s largest function: its examination and supervision program. Credit union stakeholders interested in our efforts to modify supervision and examination procedures should submit comments by Aug. 1, NCUA will accept suggestions received after the deadline, but comments received before the deadline will receive full consideration.
NCUA Outlines Plans for Adding “S” to Credit Union CAMEL Ratings
At its June meeting, the NCUA Board received a briefing about plans for adding a “sensitivity to market risk” element to the current CAMEL rating system. The Board also unanimously approved two items: A proposed rule that makes technical amendments to improve the transparency, organization, and ease of credit union use of the Community Development Revolving Loan Fund; and an interim final rule adjusting civil monetary penalties for inflation, as required by federal law.