Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Nondiscrimination Requirements

( printed page 1467) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is publishing this proposed rule to remove a redundant and outdated regulation regarding nondiscrimination in lending. While the regulation was intended to...

Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 08-2 (IRPS 08-2). Rescinding IRPS 08-2 would ease the compliance burden on Federal credit unions (FCUs) by limiting the...

Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) proposes to rescind its Interpretative Ruling and Policy Statement 10-1 (IRPS 10-1), which was issued as an amendment to IRPS 08-2. Rescinding IRPS 10-1 would ease the compliance...

Privacy Act Exemption; Correction

AGENCY: National Credit Union Administration (NCUA). ACTION: Interim final rule; request for comments. SUMMARY: In accordance with the Privacy Act of 1974, the National Credit Union Administration (NCUA) Board is issuing this interim final rule to make a correction to...

Accuracy of Advertising and Notice of Insured Status

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is issuing this proposed rule to streamline its regulations governing advertising and the notice of insured status. This proposed rule would eliminate provisions concerning the...

Limits on Loans to Other Credit Unions

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) seeks comment on a proposed rule to remove the regulations related to approval and policies on making loans to other credit unions. While this provision will no longer be codified in...

Catastrophic Act Reporting

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is publishing this proposed rule to amend the requirements for federally insured credit unions (FICUs) to report catastrophic acts to the agency. By providing more time for FICUs to...

Suretyship and Guaranty; Segregated Deposit and Collateral

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) seeks comment on a proposed rule to remove the segregated deposit and collateral requirements when a federally insured credit union (FICU) acts as a surety and guarantor. Removing...

Privacy Act of 1974; System of Records

AGENCY: National Credit Union Administration (NCUA). ACTION: Notice of a modified system of records. SUMMARY: This notice informs the public of the National Credit Union Administration's (NCUA's) proposal to modify system of records notice NCUA-19. This system of...