The board of directors at Sidney FCU has named James H. Reynolds as the credit union’s new president/CEO. Reynolds, who most recently served as SVP of operations and chief operating officer at Empower FCU, will begin his new role Jan. 1.
NCUA and six state credit union regulators will launch an alternating examination pilot program for a select group of federally insured, state-chartered credit unions. Notably, New York will not be included in the pilot program, even though all state-chartered credit unions in New York are federally insured.
The NCUA board of directors held its eleventh open meeting of 2018 and approved three items, including lowering the normal operating level of the National Credit Union Share Insurance Fund to 1.38 percent. The board also approved posting the final report of the agency’s Regulatory Reform Task Force in the Federal Register, as well as a final rule making technical amendments to agency regulations to correct minor drafting errors and rescind certain unnecessary provisions.