2021 NCUA Summaries
For a full list of details surrounding NCUA activities, please click on the NCUA tab under Legislation, Regulation & Cybersecurity in the top banner.
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ANPR, Simplification of the RBC Requirements (Parts 702 & 703)
Summary: ANPR, Simplification of the RBC Requirements (Parts 702 & 703) Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA has published an Advance Notice of Proposed Rulemaking... -
Proposed rule, Risk Based Net Worth – COVID 19 Relief; Complex credit union threshold (Part 702)
Summary: Proposed rule, Risk Based Net Worth – COVID 19 Relief; Complex credit union threshold (Part 702) Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA is proposing... -
NCUA Proposed Rule BSA Part 748
Summary: NCUA Proposed Rule BSA Part 748 Prepared by NASCUS Legislative & Regulatory Affairs Department January 2021 NCUA is proposing to provide, on a case-by-case basis, exemptions from SAR filing... -
Final rule, Temporary Regulatory Relief in Response to COVID-19 — Extension
NCUA Final Rule: Temporary Regulatory Relief in Response to COVID-19: Extension Summary Prepared by NASCUS Legislative & Regulatory Affairs Department January 2021 NCUA is extending is extending the effective date of... -
Final Rule Summary: Role of Supervisory Guidance (Part 791, Subpart D)
Final Rule Summary: Role of Supervisory Guidance (Part 791, Subpart D) Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA has finalized a rule codifying the Interagency Statement... -
Central Liquidity Facility (Part 725)
Interim Final Rule Summary: Central Liquidity Facility (Part 725) Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 NCUA issued an Interim Final Rule (IFR) extending enhancements to the... -
Relationships with Third Parties that Provide Services Related to Digital Assets
LTCU: (21-CU-16) Relationships with Third Parties that Provide Services Related to Digital Assets December 2021 NCUA’s LTCU was issued to provide clarity about the already existing authority of federally insured credit... -
Subordinated Debt Final Rule Effective January 1, 2022
LTCU: (21-CU-13) Subordinated Debt Final Rule Effective January 1, 2022 November 2021 NCUA’s LTCU was issued to reminder to FICUs that the final subordinated debt rule (NASCUS summary here) becomes effective on... -
IRS’s Volunteer Income Tax Assistance Program Collaboration Opportunities
LTCU 21-CU-12 Internal Revenue Service’s Volunteer Income Tax Assistance Program Collaboration Opportunities November 2021 Credit unions have until November 15, 2021, to contact the Internal Revenue Service (IRS) to inquire... -
Final Rule Summary: FCU CUSOs
Final Rule Summary: FCU CUSOs (Parts 712) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA has issued a final rule related to federal credit union (FCU) credit... -
Final Rule Summary: CAMELS Rating System
Final Rule Summary: CAMELS Rating System (Parts 701, 703, 704, 713) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA is updating the NCUA’s supervisory rating system from... -
Interagency Statement on LIBOR Transition
LTCU 21-CU-10 Interagency Statement on LIBOR Transition October 2021 NCUA issued LTCU 21-CU-10 to follow-up on Letter to Credit Unions 21-CU-03, LIBOR Transition (NASCUS summary here) and make credit unions...