Understand the New Protections for Service Members and Their Families
The latest issue of the NCUA’s monthly newsletter details the recent changes made by the Department of Defense that will extend the protections of the Military Lending Act to a broader range of closed-end and open-end credit union products. The April 2016 issue of
The NCUA Report is now available online.
NCUA Opening $2 Million Grant Round June 1
Low-income credit unions seeking support to grow, train staff and improve security should consider applying for Community Development Revolving Loan Fund assistance grants. NCUA will accept grant applications between June 1 and June 30. Also, we will host a May 11 webinar on the grant application process.
The Lessons of Financial Literacy Month Are Important All Year
While April is coming to a close, the importance of Financial Literacy Month continues throughout the year. NCUA has a number of resources to help credit unions educate their members on how to manage their finances.
Rules on Partial Occupancy and Incentive Compensation Proposed
The NCUA Board approved two items at its April meeting. The first is a proposed rule to provide regulatory relief to federal credit unions by eliminating the full occupancy requirement in the current occupancy rule. The second is a proposed joint agency rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act to regulate in federally insured credit unions with assets of $1 billion or greater incentive-based compensation plans that encourage inappropriate risk-taking.
NCUA Consumer Report: Share Insurance Overview
Credit union members will have an easier time understanding how their accounts at federally insured credit unions are protected as a result of three NCUA videos. The videos are part of NCUA’s Consumer Report series and include a Share Insurance Coverage Overview, How to Use NCUA’s Share Insurance Estimator and Account Ownership Types.