NCUA’s Merger Supervision is Failing Members
NCUA is responsible for monitoring mergers, but Chip Filson believes it has become a rubber stamping process for the regulator and the industry is suffering for it.
Credit Union Groups Call on the NCUA for Merger Policy Reform
NAFCU and NASCUS both submitted comments to the NCUA ahead of their August 16th deadline for submissions calling for changes in merger policy and regulatory oversight, Emily Claus reports.
NCUA to Receive Third-Party Oversight with New Bill Introduced
In a move opposed by credit union trade groups, Senators Jon Ossoff, D-GA, Cynthia Lummis, R-WY, and Mark Warner, D-VA, introduced a new bill that would provide NCUA with oversight powers over credit union organizations and service providers, reports CUSO Magazine’s Esteban Camargo.
When Less Is More: NCUA Board’s Mid-Year Operating Budget Review
According to Chip Filson, the NCUA is guilty of consistent budget increases and out-of-control spending. But with a budget review on the horizon, will the board opt to change this?
House Passes Bill on NCUA Third-Party Authority and Marijuana Banking
Last week, the House of Representatives passed the National Defense Authorization Act. Emily Claus details what parts of the bill impact credit unions and what changes can be expected.
Leading with Competence, Not Position or Authority
Chip Filson recalls then NUCA chair Ed Callahan’s wise words to the industry back in 1982 and how they should impact and inspire credit union leaders today.
Letter From NCUA Chairman Makes Crypto Services More Accessible for Credit Unions
NCUA Chairman Harper has finally responded to requests for the NCUA to issue regulations for working with cryptocurrency technology in a four-page letter. Emily Claus details the contents of the letter and what this means going forward.
NCUA Argues for Third-Party Vendor Authority in Capitol Hearing
The NCUA has made another bid for third-party vendor authority, this time focusing on AI technology. Citing shortcomings with small credit unions, the NCUA argues that their intervention is necessary for both security and financial reasons.
NCUA Board Treads Lightly on Climate Change Risks
Under fire from farm state elected officials, the National Credit Union Administration board emphasized at its March meeting that the agency will not micromanage credit union policies as credit unions consider the risks of climate change. Other issues were also discussed, reports David Baumann of the Washington Credit Union Daily.
Board Entrenchment and the Question of Compensation and Term Limits
Credit unions struggle with finding new board members, but that might be the design of an entrenched board of directors. Esteban Camargo discusses the risks of director entrenchment and what leaders might do to combat it.
