21jan15

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Board proposes adding ‘S’ component to exam rating system

(Jan. 15, 2021) Adding an “S” for “market sensitivity” to the examination rating system for NCUA was proposed unanimously by the agency Board Thursday, an addition long supported by NASCUS...

Other NCUA Board action taken on corporates, sub debt; CUSOs

(Jan. 15, 2021) In other action at its Thursday meeting, the NCUA Board: Adopted a final rule clarifying that corporate credit unions may purchase subordinated debt instruments issued by natural...

For NASCUS, (almost) a realization of a long-time goal

(Jan. 15, 2021) Lucy Ito praised the NCUA Board for moving forward on expansion of the rating system to include the “S” component. “We’re almost at the finish line –...

NASCUS: Proposal demands careful review

(Jan. 15, 2021) NASCUS President and CEO Lucy Ito urged careful review of the proposal by the entire credit union system – and noted that federal law requires the agency...

Applications open for bureau ‘advisory committees’

(Jan. 15, 2021) Applications for appointments to membership on one of four advisory committees that offer input from various sections of the financial industry, and for research projects by the...

BRIEFLY: New state charter in FL; NCUA Deputy CFO tapped; More turnover in comptroller’s office

(Jan. 15, 2021) Florida (and NASCUS) welcome a new state-chartered credit union this week: Radiant CU of Gainesville (formerly SunState FCU). The 64-year-old credit union holds $570 million in assets...

Summary outlines loan participation temp rule extension

(Jan. 15, 2021) A final rule extending to Dec. 31, 2021 a temporary final rule on loan participations is the subject of the latest summary to be developed by NASCUS...

Bureau, NCUA sign consumer protection MOU

(Jan. 15, 2021) Improving coordination between NCUA and CFPB over the consumer protection supervision of credit unions with more than $10 billion in assets is the stated purpose of a...

NASCUS education program swings into view for ‘21

(Jan. 15, 2021) Mark your calendars for four upcoming events from NASCUS in the months ahead – including the week after next. Jan. 25: NASCUS sponsors a webinar (for members...

Hauptman to serve as liaison to NASCUS

(Jan. 15, 2021) The state system has a new, direct contact on the NCUA Board: Vice Chairman Kyle Hauptman, who was named board liaison to NASCUS and another credit union...

Two approaches proposed for simplifying risk-based capital requirements

(Jan. 15, 2021) Two approaches for simplifying risk-based capital (RBC) requirements for federally insured credit unions (FICUs) were proposed by the NCUA Board Thursday, one replacing the current rule with...