NCUA Responds to Budget Criticism by Cutting $6.7 Million from Planned 2023 Increase

NCUA Responds to Budget Criticism by Cutting $6.7 Million from Planned 2023 Increase

In response to the vocal criticism of the proposed 9.6% increase to NCUA’s operating budget for 2023, the board finalized its spending plan with $6.7 million cut from the final numbers reports Esteban Camargo.

Read more
NCUA: More People Joining Credit Unions, But CU Numbers Dropping

NCUA: More People Joining Credit Unions, But CU Numbers Dropping

CUCollaborate’s David Baumann reports on the latest finding from the NCUA’s quarterly credit union data summary for the third quarter of 2022.

Read more
Coming to a Credit Union Near You: NCUA Examiners

Coming to a Credit Union Near You: NCUA Examiners

Tuesday, September 20, Chairman Todd Harper published a letter to federally insured credit unions announcing that the organization would be entering Phase 3 of its onsite operations plan, originally announced back in June 2020 in the midst of the global pandemic, reports Esteban Camargo.

Read more
Talk Is Cheap, NCUA Involvement Isn’t

Talk Is Cheap, NCUA Involvement Isn’t

NCUA is going to discuss credit union succession planning, and credit unions may come to regret it, says CUSO Mag Supervising Editor Esteban Camargo. Is NCUA involvement a good thing or will it just be one more expense line?

Read more
NCUA Board to Consider Succession Planning Rule on Jan. 27

NCUA Board to Consider Succession Planning Rule on Jan. 27

The National Credit Union Administration board will consider a proposed rule governing succession planning at credit unions on Jan. 27, reports David Baumann of the Washington Credit Union Daily.

Read more
NCUA Board Sets NOL at 1.33%, Adopts Compromise Budget

NCUA Board Sets NOL at 1.33%, Adopts Compromise Budget

The NCUA board agreed to a compromise budget that will return $15 million to credit unions next year and set the agency’s normal operating level at 1.33% for 2022, reports David Baumann of the Washington Credit Union Daily. The NCUA board also made decisions on final rules for the capital adequacy regulation and mortgage servicing rights.

Read more
Harper Endorses Report Identifying Climate Change as Systemic Risk

Harper Endorses Report Identifying Climate Change as Systemic Risk

Federal financial regulators, including NCUA Chairman Todd Harper, endorsed a plan to ensure that agency rules and policies address the risks of climate change, reports David Baumann of the Washington Credit Union Daily.

Read more
What Harper Got Wrong with the CUSO Rule Vote

What Harper Got Wrong with the CUSO Rule Vote

Vic Pantea shares his thoughts on the recent CUSO rule approved by the NCUA board, and why Harper got the vote wrong.

Read more
Biden to Nominate Harper for Full Term on NCUA Board

Biden to Nominate Harper for Full Term on NCUA Board

President Biden has announced his intention to nominate National Credit Union Administration Chairman Todd Harper to serve a full term on the agency board, reports David Baumann of the Washington Credit Union Daily.

Read more
Galicia Named Harper’s Chief of Staff

Galicia Named Harper’s Chief of Staff

David Baumann of the Washington CU Daily reports that new NCUA Chairman Todd Harper on Monday announced the appointment of Catherine Galicia as his chief of staff. Before being named chief of staff, Galicia served as Harper’s senior policy counsel.

Read more