subordinated debt

Featured Story

Comment Letter Due: Proposed Rule on Subordinated Debt

Notice of Proposed Rulemaking and Request for Comment NCUA: Subordinated Debt Read NASCUS Legislative and Regulatory Affairs Department Summary Here October 5, 2022 At the September 22, 2022, NCUA Board...

From Callahan: Subordinated Debt Levels Surge After Regulatory Changes

Aug. 22, 2022 — Updated rules from the National Credit Union Administration have resulted in a massive jump in the number of credit unions issuing subordinated debt and the overall...

… Sub debt reg tweaked to allow ECIP participation …

(Dec. 17, 2021) A final regulation tweaking the agency’s subordinated debt rule by amending the definition of “Grandfathered Secondary Capital” to include any secondary capital issued to U.S. government or...

Letter reminds CUs sub debt rule will affect secondary capital

(Nov. 12, 2021) Any issuances of secondary capital not completed by Jan. 1 will be subject to the requirements of the new subordinated debt rule, which becomes effective on that...

Sub debt amendment OK, but other changes needed

(Oct. 29, 2021) Now is the time to consider additional changes to the new subordinated debt rule – rather than adopt just one change to the rule — to ensure...

LICUs may accept 30-year sub-debt ECIP

(Oct. 22, 2021) Eligible low-income credit unions (LICUs) may accept 30-year subordinated debt investments from a Treasury program meant to encourage the institutions to augment efforts to support small businesses...

Summaries outline letter, alert, and proposed rule

(Oct. 8, 2021) Three new summaries were posted by NASCUS this week on: An NCUA regulatory alert on credit union credit card data submission to the CFPB; an NCUA letter...

Ito acknowledges changes needed to sub debt rule

(Sept. 24, 2021) NASCUS President and CEO Lucy Ito agreed with the NCUA Board for proposing the secondary capital changes to the subordinated debt rule scheduled to take effect at the...

Proposal gives LICUs more room on sub debt

(Sept. 24, 2021) A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule...

NCUA Board to consider proposal on subordinated debt, again

(Sept. 17, 2021) A proposed rule on subordinated debt will be on the agenda of the NCUA Board when it meets next week, according to an agenda published Thursday by...

Changes for OTR, new sub debt rules cited as achievements by retiring leader

NASCUS’ Lucy Ito discusses achievements and NASCUS, and the outlook for credit unions, during her interview with Mike Lawson, CUBroadcast.com (click on the arrow to view the complete video) (June 4,...

Summaries outline corporate sub debt, joint ownership rules

(March 12, 2021) Two new summaries of final rules on corporate credit union purchase of subordinated debt, and on joint ownership share accounts, were posted by NASCUS this week. Both...