SUPPLEMENTARY INFORMATION: I. Introduction A. Background NCUA originally issued rules related to FCUs entering service contracts in the 1970s.[1] In 1982, the rules governing service centers and other FCU contracting activities were combined into one section to...
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?
Chartering and Field of Membership for Federal Credit Unions-Interpretive Ruling and Policy Statement 10-1
AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 10-1. The Chartering and Field of Membership Manual (Chartering Manual) incorporates NCUA's current chartering...
Requirements for Insurance
AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is amending its regulations that establish the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund (Share Insurance...
Suretyship and Guaranty; Segregated Deposit and Collateral
( printed page 50661) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is amending its regulations to eliminate prescriptive segregated deposit and collateral requirements for suretyship and guaranty agreements. By removing these...
Termination of Excess Insurance Coverage
AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is amending its regulations that establish the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund (Share Insurance...
Chartering and Field of Membership for Federal Credit Unions-Interpretive Ruling and Policy Statement 06-1
AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 06-1. The Chartering and Field of Membership Manual (Chartering Manual) incorporates the current requirements for adding...