NASCUS Report Archives
NASCUS: Final rule was long time in coming
(Dec. 18, 2020) NASCUS President and CEO Lucy Ito, in a press statement, praised the NCUA Board for finalizing the subordinated debt rule, noting the state system’s long support for...
Loan participations temp rule extended; 3 FCU proposals issued
(Dec. 18, 2020) In other action at Thursday’s meeting, the NCUA Board issued one final rule and three proposed regulations – with three of those approved on split votes after...
Hauptman eyeing three priorities for NCUA
(Dec. 18, 2020) Kyle Hauptman, sworn in as the latest (and 24th) member of the NCUA Board this week prior to participation in the Thursday and today’s board meetings, said...
Board set to decide 2021 budget/OTR today
(Dec. 18, 2020) With a rare second monthly meeting scheduled for today (Friday, Dec. 18), the full-complement NCUA Board will consider the 2021 budget for the agency, which includes an...
State system keeping tabs on impact of big hack
(Dec. 18, 2020) NASCUS is in touch with federal authorities about the recent – and some say catastrophic – hack of IT systems by a nation-state hacker group that was...
Proposal requires ‘prompt’ alert to security incidents
(Dec. 18, 2020) A new proposal that would require financial institutions to provide “prompt notification” to their federal regulators upon occurrence of a security incident may be coming to an...
BRIEFLY: Job openings in WA; GAO sees little adverse impact from leveraged lending; Holiday schedule for <i>NASCUS Report</i>
(Dec. 18, 2020) The Credit Union Department of the Washington Department of Financial Institutions has two job openings (which are posted on nascus.org right now): Financial Examiner 2-3 and Financial...
States keep steady holding half of all assets at end of 3Q
(Dec. 11, 2020) State credit unions maintained their hold of half of all credit union assets during the third quarter, according to the latest quarterly financial results released by...
NCUA Board to hold 2 meetings: <i>Thursday meeting considers final sub debt rule … </i>
(Dec. 11, 2020) As the month winds down, as well as the year, the NCUA Board apparently has decided to make the most of it — by scheduling not one...
NCUA Board: … <i>Friday, board to consider 2021 budget</i>
(Dec. 11, 2020) Final approval of the 2021 NCUA budget, which includes a concerning increase in the overhead transfer rate (OTR), will be under consideration when the agency’s board meets...
Ethics counsel will be first for agency
(Dec. 11, 2020) Following up on plans announced in the wake of reported ethics failings by former staffers, the NCUA this week announced the selection of Elizabeth J. Fischmann as...
Texas wants to keep state regulator as ‘best option’
(Dec. 11, 2020) Texas has a “continuing need” for the state credit union department and it should be sustained for another 12 years, according to a recommendation reached this week...