National Credit Union Administration (ncua)
U.S. Government: Agencies/Departments/Divisions | Federal Agencies
Recent News About National Credit Union Administration (ncua)
-
NCUA Chairman Harper announces temporary leave for back surgery
On May 13, 2024, Todd M. Harper, Chairman of the National Credit Union Administration (NCUA), announced that he will be temporarily stepping away from his daily duties to undergo and recover from back surgery. In a message to the agency's employees, Harper said, “Many of you have likely heard me say on several occasions that if you don’t take care of yourself, you can’t take care of others."
-
Incentive-Based Compensation Regulations Proposed by Federal Agencies
The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 956). The National Credit Union Administration (NCUA) is expected to take action on the NPR in the near future. The U.S. Securities and Exchange Commission (SEC) has included a rulemaking to implement section 956 on its...
-
NCUA Announces Registration Open for 2024 Diversity, Equity, and Inclusion Summit
Registration is now open for the National Credit Union Administration’s fifth summit focused on diversity, equity, and inclusion, scheduled to take place from July 9 to 11, 2024, at the Hilton Minneapolis in Minneapolis, Minn. The event aims to provide a platform for stakeholders to address and promote DEI principles within the credit union system and the NCUA.Chairman Todd M. Harper emphasized the importance of participation in this year's Summit, stating, "I encourage all stakeholders to participate in this year’s Summit, deepen their commitment to DEI principles, and...
-
NCUA Board Approves Advance Notice of Proposed Rulemaking on Records Retention
The National Credit Union Administration Board recently convened for its third open meeting of 2024 and unanimously passed an advance notice of proposed rulemaking focused on enhancing the agency's records preservation program regulations. Chairman Todd M. Harper emphasized the importance of credit unions maintaining robust records preservation programs, stating, "Maintaining vital records is central to a credit union’s ability to properly serve its members and to the NCUA’s ability to fulfill its supervisory, enforcement, and liquidation functions."Part 749 of the NCUA's...
-
NCUA Opening 2024 CDRLF Grant Round May 1
The National Credit Union Administration (NCUA) has announced the opening of the 2024 Community Development Revolving Loan Fund (CDRLF) grant round, with more than $3.4 million available for low-income-designated credit unions. The application period for these grants will run from May 1 to July 1.NCUA Chairman Todd M. Harper emphasized the importance of these grants, stating, "These grants give eligible credit unions the resources needed to support the financial needs of their members and communities. They create new, safe, fair, and affordable financial products and...