Regulatory Resources

LATEST UPDATES:

Proposal expanding 'subjects appealable' summarized
July 17, 2017 -- A proposed rule that would expand subjects appealable to NCUA's Supervisory Review Committee -- and provides credit unions with an option for additional review -- is summarized by NASCUS (with comments due Aug. 7) READ

Summary outlines 3 crucial elements of corporate proposal
July 10, 2017 -- The new, proposed corporate rule issued by NCUA at its June board meeting includes three important elements that are designed to help meet the agency’s goal of modifying the approaching capital framework benchmarks established in 2010 as part of the regulatory restructuring of the corporate system, according to a summary of the proposal published by NASCUS. READ

Summary gets to meat of appeals procedures proposal
July 5, 2017 -- Condensing 14, three-column Federal Register pages into essentially four typewritten pages, the NASCUS summary of NCUA’s recently proposed rule on its appeal procedures gets down to the meat of the proposal while making clear that the proposal does not cover supervisory actions taken by state regulators – only those taken by federal supervisors. READ

SECTIONS:

2017 Proposed Rules, NASCUS Comment Letters and Recent Final Rule Summaries

Date Proposed/Made Final Rule/Topic NASCUS Summary NASCUS Comment Letter
07/2017 NCUA Supervisory Review Committee;
Procedures for Appealing Material
Supervisory Determinations (Comments due Aug. 7)
Available Pending
07/2017 NCUA Proposed rule, Corporate credit unions (Comments due Sept. 1) Available Pending
07/2017 NCUA Proposed revised Overhead Transfer Rate Methodology (Comments due Aug. 29) Available Pending
06/2017 NCUA proposed Appeal Procedures (Comments due Aug. 7) Available Pending
06/2017 FHLB Membership for Non-Federally Insured Credit Unions Available Final rule
05/2017 Mergers of Federally Insured Credit Unions (Comments due Aug. 7) Available Pending
03/2017 NCUA Regulatory Review (2017) (Comments due Aug. 14) Available Pending
02/2017

Advance Notice of Proposed Rulemaking (ANPR), Alternative Capital

Available

Available

 

2016 Proposed Rules, NASCUS Comment Letters and Recent Final Rule Summaries

Date Proposed/Made Final Rule/Topic NASCUS Summary NASCUS Comment Letter
12/2016 NCUA 12 CFR Part 701 & 721; FCU Occupancy Available  
12/2016 NCUA 12 CFR Part 792; Revisions to FOIA Available  
12/2016 Proposed Rule: NCUA 12 CFR Part 701; FCU Field of Membership # 2 Available  
11/2016 Final Rule: 12 CFR Part 701 NCUA Chartering & FOM Manual Available  
8/2016 Proposed Rule: FinCEN 31 CFR Parts 1010 and 1020; Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator Available  
8/2016 NCUA 2016 Regulatory Review Available Click here
8/2016 NCUA Exam Flexibility Initiative NA Available
6/2016

Interim Final Rule; NCUA 12 CFR Part 747 Civil Money Penalties

Available NA
6/2016 Proposed amendments: NCUA 12 CFR Part 705
Community Development Revolving Loan Fund (CDRLF)
Available  
5/2016

Proposed Rule: NCUA 12 CFR Part 751; Incentive-Based Compensation

Available Click here
5/2016 FinCEN 31 CFR Parts 1010, 1020, 1023, et al;
Customer Due Diligence Requirements for Financial Institutions; Final Rule

Available NA
3/2016 FinCEN 31 CFR Part 1010; Bank Secrecy Act – Reports of Foreign Financial Accounts (FBAR) Available  
3/2016 Interagency guidance: Applying Customer Identification Program Requirements to Holders of Prepaid Cards Available NA
3/2016 Final Rule, Member Business Loans; Commercial Lending Available Click here
2/2016 Proposed collection: Bank Secrecy Act Currency Transaction Report (BCTR) Available NA
1/2016 2017-21 NCUA Draft Strategic Plan Available NA
1/2016 Overheard Transfer Rate Methodology NA Click here
1/2016 Final Rule/FHFA Amendments to the FHLB Membership Regulations Available Click here

To view the rule archive, follow this link.
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2017 NCUA-Released Letters to Credit Unions and NASCUS Summaries

Date of Letter Letter Number Letter Title NASCUS Summary (members only)
03/2017 17-CU-02 Risk-Focused Examinations and Compliance Risk Available
01/2017 17-CU-01

Supervisory Priorities for 2017

Available

2016 NCUA-Released Letters to Credit Unions and NASCUS Summaries

Date of Letter Letter Number Letter Title NASCUS Summary (members only)
12/2016 16-CU-13 FAQ on the New Accounting Standard on Financial Instruments – Credit Losses Available
12/2016 16-CU-12 Risk Based Examination Scheduling Policy Available
11/2016 16-CU-11 MBL Guidance Added to Examiner’s Guide Available
11/2016 16-CU-10 Projected 2017 Share Insurance Fund Premium and Stabilization Fund Assessment Range In process
10/2016 16-CU-09 Real Estate Appraisal Waiver for Credit Unions Affected by Severe Storms and Flooding in Louisiana Available
10/2016 16-CU-08 Revised Interest Rate Risk Supervision Available
10/2016 16-CU-07 Military Lending Act Examination Approach Available
09/2016 Act. Bltn. 16-1 PCC Accounting Available
09/2016 16-CU-06 Preparing for Same-Day Automated Clearing House (ACH) Payments Available
09/2016 16-CU-05 Voluntary diversity and inclusion policies and practices checklist Available
05/2016 16-CU-04 Member Account Deposit Reconciliation Practices Available
01/2016 16-CU-03 Regulatory relief on annual privacy notices Available
01/2016 16-CU-02 CUSO Registry Available
01/2016 16-CU-01 Supervisory Priorities for 2016 Available

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2017 NCUA-Released Regulatory Alerts and NASCUS Summaries

Date of Alert Alert Number Alert Title NASCUS Summary
(members only)
2/2017 17-RA-03 Submission of 2016 Home Mortgage Disclosure Act Data Available
1/2017 17-RA-02 HMDA Data Collection Requirements for Calendar Year 2017 Available
1/2017 17-RA-01 2016 Mortgage Servicing Rule & Fair Debt Collection Practices Act Interpretive Rule Available

2016 NCUA-Released Regulatory Alerts and NASCUS Summaries

Date of Alert Alert Number Alert Title NASCUS Summary (members only)
12/2016 16-RA-07 Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) Available
9/2016 16-RA-06 Department of Defense’s Interpretive Guidance on Military Lending Act Limitations on Terms of Consumer Credit Extended to Service Members and Dependents Available
5/2016 16-RA-05 Amendments Relating to Small Creditors and Rural or Underserved Areas under the Truth in Lending Act Available
3/2016 16-RA-04 Guidance on Regulatory Changes Affecting Military Members Available
2/2016 16-RA-03 Submission of 2015 HMDA Data Available
1/2016 16-RA-02 Enhanced Share Insurance Coverage (IOLTAs) Available
1/2016 16-RA-01 HMDA data collection for 2016 Available

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NCUA 2015-2017 Legal Opinions and Summaries

Date of Opinion Opinion Number Opinion Title NASCUS Summary (members only)
06/2017 17-0670 Authority to Issue and Sell Securities Available
03/2017 17-0406 Contiguous geographic boundaries Available
08/2016 16-0604 Classification of MBLs Available
03/2016 15-1124 Custodial Services Available
03/2016 16-0117 Field of Membership Available
02/2016 16-0227 Network credit unions Available
08/2015 15-0813 Loan Participations in Indirect Loans – Originating Lenders Available
05/2015 14-00902

Monthly membership fees

Available

NCUA 2016-17 Supervisory Letters

Date of Opinion Opinion Number Opinion Title NASCUS Summary (members only)
03/2017 SL No. 17-01 Supervisory Letter: Evaluating Compliance Risk – Updated Compliance Risk Indicators (March 29, 2017) In process
09/2016 SL No.: 16-01 CDFI – Certified Credit Union Supervision Available

 

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Regulatory Library

Item Description Members
only
Part 741 Compendium:
Quick Reference to
State Rules Under NCUA
Reference to rules affecting state credit unions under NCUA rules and regulations Yes
Nationwide Cooperative Agreement for the Supervision of State-Chartered Credit Unions Guidelines for state credit union supervisors to examine and supervise the interstate operations of multi-state, state-chartered credit unions. (PDF Format) No
Southeastern Regional Cooperative Interstate Agreement for the Supervision of State-Chartered Credit Unions
A regional agreement to examine and supervise the interstate operations of multi-state, state-chartered credit unions. (PDF Format) No
2015 Cooperative Interstate Agreement for the Supervision of State-Chartered Credit Unions
An agreement to promote interstate commerce and cooperation on a reciprocal basis among the states that are a signatory to this agreement: Idaho, Indiana, Kentucky, Michigan, Ohio, Oregon, Washington, West Virginia and Wisconsin. (PDF Format) No
NASCUS Accreditation and Agency Best Practices   Yes (regulator members)

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Surveys of State Credit Union System (and miscellaneous)

Item Members
only
Aug. 21, 2015: Sharing sensitive data with NCUA (letter to all FICUs)
No

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