NCUA implements pilot program with six state banking regulators

NCUA logoNCUA 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.

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NCUA board approves lowering NCUSIF’s normal operating level

25542495_1752115101518706_2887136597949032630_oThe 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.

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