Search Results for keywords:"National Credit Union Administration"

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Search Results: keywords:"National Credit Union Administration"

  • Type:Notice
    Citation:90 FR 10643
    Reading Time:less than a minute

    The National Credit Union Administration (NCUA) is holding an open meeting on Thursday, February 27, 2025, at 10:00 a.m. in the Board Room on the 7th floor at 1775 Duke Street, Alexandria, VA. During the meeting, the Board will discuss the Share Insurance Fund Quarterly Report and the designation of the NCUA Board Vice Chairman. For more information, individuals can contact Melane Conyers-Ausbrooks, the Secretary of the Board, at 703-518-6304.

    Simple Explanation

    The National Credit Union Administration is having a meeting where they will talk about how much money is safe in credit unions and choose a leader. If someone wants to know more, they can call a person named Melane.

  • Type:Notice
    Citation:86 FR 9390
    Reading Time:about a minute or two

    The National Credit Union Administration (NCUA) plans to submit an information collection request to the Office of Management and Budget (OMB) as part of their compliance with the Paperwork Reduction Act of 1995. This request concerns the regulation for Liquidity and Contingency Funding Plans, which is intended to ensure that federally insured credit unions manage liquidity risks effectively. The NCUA's rule, codified in 12 CFR 741.12, creates a tiered system based on asset size that requires various levels of planning and preparation among credit unions. Public comments on this submission are welcome until March 15, 2021.

    Simple Explanation

    The NCUA wants to make sure that credit unions have plans ready for when they need money quickly, and they're asking for permission to collect information to check if credit unions are prepared. They invite people to share their thoughts about this plan by March 15, 2021.

  • Type:Rule
    Citation:86 FR 933
    Reading Time:about 12 minutes

    The National Credit Union Administration (NCUA) is updating its rules to increase the maximum civil monetary penalties to keep up with inflation, as required by several laws. These adjustments are made to ensure that penalties are effective and reflect current economic conditions. The adjustments will be effective immediately and apply to violations occurring from November 2, 2015, onwards. This rule change doesn't require public comment because it's mainly a technical update in line with legal requirements.

    Simple Explanation

    The NCUA is making the fines they can give bigger to keep up with how money changes over time, like when things get more expensive. They didn't ask anyone for ideas on this because it's just a routine update they have to do.

  • Type:Notice
    Citation:90 FR 3254
    Reading Time:less than a minute

    The National Credit Union Administration (NCUA) is holding an open meeting on Thursday, January 16, 2025, at 10:00 a.m. The meeting will take place in the Board Room, located on the 7th floor at 1775 Duke Street, Alexandria, VA. Visitors are required to enter through the Diagonal Road entrance. The agenda includes discussion of NCUA's 2025 Annual Performance Plan. For more information, Melane Conyers-Ausbrooks, Secretary of the Board, can be contacted at 703-518-6304.

    Simple Explanation

    The National Credit Union Administration (NCUA) is having a meeting on January 16, 2025, where they will talk about their plans for the year. If anyone wants to go, they have to enter the building through a special door and can find more details by calling Melane.

  • Type:Notice
    Citation:90 FR 16577
    Reading Time:less than a minute

    The National Credit Union Administration had planned an open meeting for 10 a.m. on April 17, 2025. However, this meeting has been cancelled. For more details, interested parties can reach out to Melane Conyers-Ausbrooks, Secretary of the Board, at 703-518-6304. This notice was documented under 90 FR 16577 with the document number 2025-06845.

    Simple Explanation

    The National Credit Union Administration was going to have a meeting, but they decided not to have it anymore. If anyone has questions, they can call Melane for more information.

  • Type:Notice
    Citation:86 FR 2002
    Reading Time:about a minute or two

    The National Credit Union Administration announced a Sunshine Act Meeting scheduled for January 14, 2021. Due to COVID-19, this meeting will be live-streamed on their website, with some parts of the meeting open to the public and others closed. Topics to be discussed in the public portion include updates on credit union regulations, inflation adjustments, and the organization's annual performance plan. The closed sections will cover supervisory and personnel actions. The meeting is documented under reference 86 FR 2002.

    Simple Explanation

    The National Credit Union Administration is having a meeting online about how they help credit unions, and some parts of the meeting where they talk about surprises and people might not be shown to everyone.

  • Type:Notice
    Citation:89 FR 101053
    Reading Time:less than a minute

    The National Credit Union Administration announced a public meeting scheduled for 10:00 a.m. on Tuesday, December 17, 2024, in Alexandria, Virginia. The meeting will cover topics such as NCUA's rules on succession planning and the budget for 2025-2026. The meeting will be open to the public, and anyone interested can contact Melane Conyers-Ausbrooks, the Secretary of the Board, for more information.

    Simple Explanation

    The National Credit Union Administration is having a meeting where grown-ups will talk about important plans for the future, like how they will choose new leaders and how they will spend their money in the next few years. If you want to know more, you can ask a special person named Melane Conyers-Ausbrooks.

  • Type:Notice
    Citation:89 FR 106605
    Reading Time:about 7 minutes

    The National Credit Union Administration (NCUA) is revising its Call Report, Form 5300, which credit unions use to submit quarterly financial and statistical data. The changes, influenced by public comments, include the removal of certain accounts and the addition of new ones to improve monitoring of credit union activities. Notable revisions involve reporting on loans to officials, assets pledged, and maturity distribution of uninsured shares, with some proposals adjusted based on feedback. The updates aim to enhance oversight while managing the reporting burden and are scheduled to be effective by March 31, 2025.

    Simple Explanation

    The National Credit Union Administration is changing how credit unions report their money details so that it can keep a better eye on them. They are removing some old questions and adding new ones to make sure everything is safe and so they can understand where money might go.

  • Type:Notice
    Citation:90 FR 13628
    Reading Time:less than a minute

    The National Credit Union Administration (NCUA) announced a closed meeting scheduled for 10:00 a.m. on Friday, March 21, 2025, at their board room in Alexandria, VA. The meeting was determined necessary on short notice to discuss personnel matters, which were not disclosed due to relevant exemptions. The public was informed that prior notice of the meeting could not be provided. For further inquiries, individuals were advised to contact Melane Conyers-Ausbrooks, the Secretary of the Board.

    Simple Explanation

    The National Credit Union Administration had a secret meeting to talk about some job stuff, but they didn't tell anyone about it ahead of time because they decided it was important and had to be done quickly. They aren't saying exactly what it was about, just that it needed to be private.

  • Type:Proposed Rule
    Citation:86 FR 3876
    Reading Time:about 14 minutes

    The National Credit Union Administration (NCUA) is proposing a new rule to update the overdraft policy requirements for federal credit unions. This rule aims to remove the current 45-day limit for members to resolve overdrafts and instead require that the policy sets a reasonable and universally applicable time frame. This change is intended to provide more flexibility for credit unions and their members, especially considering the impacts of COVID-19. The proposal also introduces a cross-reference to Regulation E to ensure compliance with existing federal requirements for overdraft services.

    Simple Explanation

    The NCUA wants to change a rule for credit unions that helps people if they spend too much money and go negative in their account. Instead of giving everyone the same short time to fix it, they want credit unions to decide on a fair amount of time that works for everyone.

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