Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
1 hour ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
6 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
7 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
7 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
7 hours ago