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NCUA

NCUA Proposes Changes to Field of Membership Rules

by Dan Banning

April 30, 2014 09:04 am

New e-Alert from Quantivate Partner Howard & Howard

At its April 24, 2014 Board meeting, the National Credit Union Administration (NCUA) proposed a rule that would amend the evaluation process for a federal credit union (FCU) seeking to add an associational group to its field of membership (FOM). See the full e-Alert from Howard & Howard. (more…)

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NCUA Finalizes Liquidity and Contingency Funding Requirements

by Dan Banning

April 02, 2014 09:04 am

New e-Alert from Quantivate Partner Howard & Howard

On October 24, 2013, the National Credit Union Administration (NCUA) finalized a new rule – 12 C.F.R. § 741.12 – requiring all federally-insured credit unions (FICUs) to formalize their liquidity and contingency funding plans. In addition to the final rule, NCUA issued Letter to Credit Unions 13-CU-10 which provides further information on NCUA’s expectations. The new requirements are effective on March 31, 2014.

Importantly, the new requirements depend on the federally-insured credit union’s asset size. Each asset category has its own regulatory requirements set out by NCUA and as credit unions move up the asset categories, the requirements expand. Read More Here

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NCUA Releases Supervisory Guidance on ERM

by Dan Banning

November 13, 2013 10:11 am

Today the NCUA released a Supervisory Letter for Enterprise Risk Management (ERM). In the cover letter Chairman Debbie Matz indicates that the approach taken for effective risk management can vary from credit union to credit union.

“NCUA’s examination process requires examiners to gauge the overall effectiveness of a credit union’s risk management process based on an evaluation of several components, as well as an understanding that each credit union’s approach will be tailored to its individual business strategy and risk tolerance.”  (more…)

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