Is a New Era of Credit Union Chartering on the Horizon?

Is a New Era of Credit Union Chartering on the Horizon?

In 2021, the NCUA chartered four new credit unions, more than the previous three years combined. Emily Claus ponders if this is simply a one-off or a signal of changing times for de novo credit unions and the credit union chartering process.

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Has the Credit Union System Lost its Entrepreneurial Edge?

Has the Credit Union System Lost its Entrepreneurial Edge?

Chip Filson discusses the student-run credit union boom of the 1980s and the excitement, inspiration, and drive that went along with it, begging the question: where did that entrepreneurial spirit go?

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NCUA Charters Fourth New Credit Union This Year

NCUA Charters Fourth New Credit Union This Year

The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Unity of Eatonville Federal Credit Union in Eatonville, Florida, reports David Baumann of the Washington Credit Union Daily .

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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.

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NCUA Reg Agenda: Bank Purchases, Overdrafts

NCUA Reg Agenda: Bank Purchases, Overdrafts

During the next six months the National Credit Union Administration board may issue final rules governing overdrafts and the purchase of a bank by a credit union, the agency said in its Fall regulatory agenda.

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NCUA Board Asks Congress to Make CLF Changes Permanent

NCUA Board Asks Congress to Make CLF Changes Permanent

The National Credit Union Administration board is asking Congress to make permanent the pandemic-related changes to the agency’s Central Liquidity Facility, reports David Baumann of the Washington Credit Union Daily.

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Community Coalition Joins Banks in Blasting Credit Unions

Community Coalition Joins Banks in Blasting Credit Unions

The National Community Reinvestment Coalition joined the American Bankers Association and the Independent Community Bankers of America in telling Congress that credit unions are not fulfilling their mission and are not sufficiently accountable to the communities they serve, reports David Baumann of the Washington Credit Union Daily.

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Financial Service Committee to Consider CU Member Expulsion Bill

Financial Service Committee to Consider CU Member Expulsion Bill

The House Financial Services Committee on Tuesday will consider legislation that would make it easier for credit unions to expel members who pose a threat or engage in dangerous or illegal conduct, reports David Baumann of the Washington Credit Union Daily.

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Credit Unions Want Quick Guidance on Digital Assets

Credit Unions Want Quick Guidance on Digital Assets

Many credit unions appear to be anxious for the National Credit Union Administration to issue guidance about how they may host a digital wallet and use other new technology to provide new services to their members, reports David Baumann of the Washington Credit Union Daily.

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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.

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