NCUA Board

NASCUS Summary: December 2022 NCUA Board Meeting

On December 15, the NCUA Board held its final meeting of 2023. The Board was briefed on the Share Insurance Fund’s (SIF) Normal Operating Level, which will remain at 1.33%....

Nov. 17, 2022: NCUA Board Meeting Summary

November 17, 2022 — There was one item on the NCUA Board meeting agenda, a briefing on the Quarterly Share Insurance Fund report. The fund’s equity ratio as of June...

Summary of October NCUA Board Meeting

Oct. 20, 2022 – The National Credit Union Administration Board held its ninth open meeting—and second in person—of 2022, and approved the agency’s Enterprise Risk Appetite Statement, which helps the agency...

NCUA Board Meeting Recap

Sept. 22, 2022 — NCUA held it’s first in-person board meeting since the start of the COVID-19 pandemic. The board thanked the NCUA staff for all of their efforts. The...

July 21 NCUA Board Meeting Summary

Budget Briefing The NCUA board was briefed on the budget and current operating budget surplus. The surplus is primarily from lower staffing levels and vacancy rates resulting in decreased pay...

NASCUS Summary: NCUA Board Meeting

May 26, 2022 — The board meeting opened with a moment of silence in light of the recent tragedies across the country. The meeting agenda included one item for discussion...

Proposal Requires Succession Planning for FCUs

(Jan. 28, 2022) Boards of federal credit unions (FCUs) would be required to “establish and adhere to” processes for succession planning under a proposal issued, on a 2-1 vote, by...

Board to consider proposal on succession planning, hear briefings

(Jan. 21, 2022) A proposed rule on succession planning at federal credit unions (under Part 701 of NCUA regulations), and a final rule on resetting civil monetary penalties (CMP), as...

Budget, 3 final rules, on packed board agenda

(Dec. 10, 2021) The 2022 budget, and three final rules — on mortgage servicing rights, subordinated debt and the complex credit union leverage ratio — are among the items the...

Spending plan includes 48 new positions

(Nov. 19, 2021) One of the key expenses proposed in the agency’s 2022 operating budget is the addition of 48 full-time equivalency (FTE) positions, according to NCUA budget documents released...

NCUA proposes another increase in OTR to partially fund 2022 operations

(Nov. 19, 2021) A $345.3 million 2022 proposed budget, funded partially from an increased amount of funds transferred from the federal credit union savings insurance program, was posted this week...

NCUA finalizes FCU ‘shared facility’ rule – with changes

(Nov. 19, 2021) Shared locations are service facilities for purposes of multiple common bond federal credit unions (FCUs) adding underserved areas to their membership bases, as are those with electronic...