ALEXANDRIA, Va.–Noting that 90% of the 100 largest credit unions have state charters, the NCUA board has put out for comment a proposal on chartering and field of membership for federal charters that includes nine different changes the agency said is aimed at enhancing access and removing duplicative paperwork.
Fresh Today
ALEXANDRIA, Va.–The equity ratio of the National Credit Union Share Insurance Fund rose at year-end 2022 over the prior quarter, but there has also been an increase in the number of credit unions with CAMELS codes 3, 4 and 5, according to updated data provided to the NCUA board at its meeting here.
ANN ARBOR, Mich.–A majority of Americans say they are no longer actively saving for a home, according to a new report.
LANCASTER, S.C.–Two more credit unions have announced payouts to members totaling $24 million, bringing to nearly $260 million the amount returned this season to members in the CUToday.info Tracker.
WASHINGTON– The Merchants Payments Coalition is urging the Federal Reserve to reject a request from banks and credit unions to delay implementation of what the MPC called its “long-sought clarification” that merchants’ right to choose which payment networks process debit card transactions applies the same online as it does in stores.
ALEXANDRIA, Va.—The NCUA board today is set to meet today and finalize the rule related to cyber incident notification requirements.
NEW YORK–Inclusiv, which represents more than 450 community development credit unions (CDCUs), is praising the Environmental Protection Agency (EPA) for what it is calling “heroic efforts” in advancing the implementation of the $27 billion Greenhouse Gas Reduction Fund.
BISMARCK, N.D.–North Dakota’s credit unions are reporting they have “once again been denied” by NCUA a recovery they have been seeking on $10.5 million in membership capital account (MCA) assets and $3.3 million in paid in capital (PIC) assets recovered from the liquidation of U.S. Central.
WASHINGTON–Both credit union trade groups are expressing support for a new bill in Congress that would block the Internal Revenue Service’s access to taxpayers private transaction information.
WASHINGTON–The walls are “closing in around crypto,” according to one new report.