Credit unions can get valuable new information about loan risks on a March 22 webinar hosted by NCUA. Registration for “Loan Risks in a Changing Economy,” is now open. The webinar is scheduled to begin at 2 p.m. Eastern and last approximately 60 minutes.
NCUA issued a Letter to Credit Unions noting that the NCUA Board voted to continue the temporary 18% interest rate ceiling for loans made by federal credit unions, January 26, based on the authorities established by the Federal Credit Union Act.
NCUA announced Thursday its 2023 DEI Summit will take place Nov. 1-2 in the Washington, D.C., metro area. Attendees will explore the value proposition of diversity, equity, and inclusion within the credit union industry, share best practices, engage in active networking, and more.
CUNA generally supports NCUA’s proposed rule on loan participations, it wrote to the agency Tuesday, but believes NCUA provide more clarity. CUNA also noted ability to conduct transactions under these rules is extremely valuable to credit unions.
The NCUA Board proposed chartering and field-of-membership changes, issued its final cyber incident reporting rule, and heard a quarterly update on the share insurance fund, which noted an increase in the fund's equity ratio to 1.30%.
NCUA and the Government National Mortgage Association will co-host a February 22 webinar, “Ginnie Mae 101.” Registration for this event is open now, and is scheduled to begin at 2 p.m. ET and last approximately 90 minutes. There is no charge
NCUA issued a Letter to Credit Unions this week to provide guidance on expanded permissible activities and services for credit union service organizations (CUSO). NCUA finalized its CUSO rule in October 2021 and it became effective Nov. 26, 2021.
CUNA President/CEO Jim Nussle, EVP/Chief Advocacy Officer Robert Lewis, and Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak met with NCUA Chairman Todd Harper Thursday to discuss issues facing credit unions in a challenging economic environment.