Search Results for keywords:"National Credit Union Administration"

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Search Results: keywords:"National Credit Union Administration"

  • Type:Proposed Rule
    Citation:86 FR 11645
    Reading Time:about 32 minutes

    The National Credit Union Administration (NCUA) is proposing changes to the regulations governing Credit Union Service Organizations (CUSOs). The proposed rule aims to expand the types of loans CUSOs can originate to match any loan that a Federal credit union (FCU) may offer, giving credit unions more flexibility in their operations. Additionally, the rule seeks to broaden the investment power of FCUs in CUSOs, potentially allowing investment in organizations that serve the broader financial community, not just credit unions. The NCUA invites public comments on these proposals, which aim to enhance credit union competitiveness and cooperative efforts.

    Simple Explanation

    The NCUA wants to let special credit union helpers, called CUSOs, make all kinds of loans just like regular credit unions do, and they're asking people what they think about it. They also want credit unions to be able to invest more in these helpers to work better and be more competitive.

  • 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 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:Notice
    Citation:86 FR 9955
    Reading Time:less than a minute

    The National Credit Union Administration is holding an open public meeting via live webcast due to the COVID-19 pandemic. The meeting is scheduled for 10:00 a.m. on Thursday, February 18, 2021. During the meeting, the agenda includes a briefing on the Share Insurance Fund Quarterly Report, a discussion of rules concerning Joint Ownership Share Accounts, and a briefing about the Consolidated Appropriations Act of 2021's Emergency Capital Investment Program. For more information, contact Melane Conyers-Ausbrooks, the Secretary of the Board, at the provided phone number.

    Simple Explanation

    The National Credit Union Administration is having a live video meeting to talk about how they are keeping everyone's money safe and discuss some new rules about sharing bank accounts. They will also talk about a special program to help people during tough times, but they haven't shared all the details yet.

  • Type:Notice
    Citation:89 FR 105637
    Reading Time:about 2 minutes

    The National Credit Union Administration (NCUA) is announcing a notice of submission to the Office of Management and Budget (OMB) regarding the renewal of their information collection practices under the Paperwork Reduction Act of 1995. This involves collecting data from federally insured credit unions (FICUs) that must request approval before purchasing assets or assuming liabilities from other institutions. The public is invited to comment on this collection process, focusing on the need, accuracy, and ways to improve this data collection process. Comments should be submitted by January 27, 2025, to ensure they are considered.

    Simple Explanation

    The government is checking to see if credit unions, which are like special banks, are doing their paperwork right when buying or taking over parts of other banks. They want people to say what they think about this plan by the end of January.

  • Type:Notice
    Citation:90 FR 12182
    Reading Time:less than a minute

    The National Credit Union Administration (NCUA) held a closed meeting at 10 a.m. on Wednesday, March 12, 2025, in Alexandria, VA. The meeting was closed to the public because it involved personnel matters and was held with less than seven days' notice for agency business reasons. For more information, Melane Conyers-Ausbrooks, Secretary of the Board, can be contacted at 703-518-6304.

    Simple Explanation

    The NCUA had a secret meeting on March 12, 2025, where they talked about people they work with, and because it was secret, the reasons aren't all clear to everyone. They did it on short notice, saying it was for important work, but they didn’t share many details.

  • Type:Notice
    Citation:86 FR 11562
    Reading Time:about 2 minutes

    The National Credit Union Administration (NCUA) plans to submit an information collection request to the Office of Management and Budget (OMB) for review, as specified by the Paperwork Reduction Act of 1995. This request involves standards under the Fair Credit Reporting Act (FCRA), which sets guidelines for handling consumer credit information. Certain FCRA provisions have been adapted by the Consumer Financial Protection Bureau (CFPB), while others, such as those related to identity theft and card issuer duties, remain under NCUA's jurisdiction. The public is invited to provide comments by March 29, 2021.

    Simple Explanation

    The National Credit Union Administration (NCUA) wants to ask for permission to collect some information from people about their credit, and they want to do it in a way that's clear and easy to understand. They're asking for people to share what they think about this by March 29, 2021.

  • 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: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 11192
    Reading Time:less than a minute

    The National Credit Union Administration announced a change to their previously scheduled meeting agenda. An item concerning the designation of the NCUA Board Vice Chairman was removed because urgent agency business required it and earlier notice wasn't possible. The change pertains to a meeting initially set for 10:00 a.m. on February 27, 2025. For further details, Melane Conyers-Ausbrooks can be contacted at 703-518-6304.

    Simple Explanation

    The National Credit Union Administration changed something in their meeting plans because they had important work to do. They took off the part about picking a Vice Chairman for now because they couldn’t say it sooner.

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