Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: NCUA Seeks Comment On Fixed-Asset Rule Clarifications
ALEXANDRIA, Va. (UPDATED: 3/14/13, 10:15 a.m. ET)--At what was a very brief meeting this morning, the National Credit Union Administration has just voted to seek comments on a proposal that clarifies and reorganizes portions of its rule addressing federal credit union ownership of fixed assets.  Comments will be due 60 days after the plan is published in the Federal Register.

The proposal is not intended to impose new requirements on credit unions, but would update the existing regulation by reorganizing and clarifying the current requirements in a more user friendly format.

The NCUA also voted to approve a community charter conversion request from Cinfed FCU, Cincinnati, Ohio.

The NCUA's closed session, which will follow the open meeting, will feature three items. Those items are:

  • A purchase and assumption request;
  • A merger request; and
  • Requests under Section 205(d) of the Federal Credit Union Act, which deals with prohibitions on individuals convicted of crimes involving dishonest and exceptions to those prohibitions.
Watch News Now for more on the NCUA meeting results.


RSS print
News Now LiveWire
Why is a #creditunion a good fit for you? http://t.co/i4pGT98mkT via @MONEY
13 hours ago
The numbers are in: Home Depot data breach impact on #creditunions = $57.4 million, 7.2 million credit/debit cards http://t.co/jorYSOYuxj
14 hours ago
.@Nussle : We'll back off when retailers accept their breach responsibility #NewsNow http://t.co/7WxDXicb6j
16 hours ago
RT @asmarterchoice: RT @daily_finance: Top 5 money management tips for 30-somethings http://t.co/mWRfDRSTE7
16 hours ago
Operational efficiencies focus of new @CUNA program #NewsNow http://t.co/qBYHKVYeQN
17 hours ago