ALEXANDRIA, Va.–During the NCUA board meeting Thursday, updates were provided on the state of the insurance fund, how credit unions now break down according to CAMEL rating, what inflation could mean, and more.
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ALEXANDRIA, Va.–The NCUA board has put out for comment a request for input on the Normal Operating Level of the National Credit Union Share Insurance Fund (NCUSIF).
ALEXANDRIA, Va.–Any premium to be charged credit unions to shore up the equity ratio of the National Credit Union Share Insurance Fund has been pushed further into the future, if one is charged at all.
ALEXANDRIA, Va.–The NCUA board has approved 3-0 a new rule that updates the derivative investment authority for credit unions, but emphasized boards at CUs investing in derivatives must educate themselves and be knowledgeable about what’s involved before the agency will approve.
ALEXANDRIA, Va.—When the NCUA board meets today it is scheduled to issue a final rule on derivatives and will also receive its quarterly briefing on the National Credit Union Share Insurance Fund (NCUSIF).
CHICAGO–Serious delinquency rates remain mostly down and loan originations continue to rise from COVID-19 lows, but future growth in what is expected to be a robust auto lending market may be dependent upon subprime borrowers, according to TransUnion.
WASHINGTON–An announcement by the Office of the Comptroller of the Currency that it is reviewing and rethinking Community Reinvestment Act (CRA) rules put in place during the last days of the Trump Administration was the subject of numerous questions during a House hearing.
BOSTON–The economy may be improving, but credit union leaders may want to pay attention to members who are small business owners, as the number of small businesses that can’t pay their rent actually increased in May over April.
SAN FRANCISCO–Bank of America has announced plans to boost its minimum wage to $25 an hour by 2025.
ALEXANDRIA, Va.–The CEO of CommonWealth One FCU here has announced plans to retire in August, with the credit union saying it has launched a search for a replacement.