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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.

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.

The National Credit Union Administration (NCUA) proposes changes to credit union rules to make it easier for federal credit unions to expand and serve more groups and underserved areas. They want to count shared branches, ATMs, and electronic facilities in certain networks as "service facilities," even if the credit union doesn't own them. This would help credit unions offer more services without needing to buy into a shared network. The NCUA is also considering whether online banking should count as a service facility to accommodate modern trends in financial services.

The National Credit Union Administration (NCUA) is planning to submit an information collection request to the Office of Management and Budget (OMB) concerning the Truth in Lending Act (TILA), Regulation Z. This submission is part of a review in compliance with the Paperwork Reduction Act of 1995. TILA aims to facilitate informed credit decision-making and comparisons by mandating accurate disclosure of credit costs to consumers. Public comments on the proposed information collection are invited and should be submitted by March 8, 2021.

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.

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.

The National Credit Union Administration (NCUA) is seeking to renew and update an existing information collection process as required by the Paperwork Reduction Act of 1995. This process involves collecting information from new officials or senior executive officers of troubled or newly chartered credit unions to assess their suitability for their positions. The public is invited to provide comments on the necessity, accuracy, and methods to improve and reduce the burden of this information collection by January 27, 2025. Interested individuals can submit comments via the designated website or contact Madeleine Humm for more details.

The National Credit Union Administration (NCUA) Board finalized a new rule allowing certain credit unions to issue subordinated debt to boost their regulatory capital. This rule primarily affects low-income designated credit unions, complex credit unions, and new credit unions. The final rule outlines several requirements such as amending the definition of "Accredited Investor," setting disclosure guidelines, and reviewing credit unions' applications to issue subordinated debt. Additionally, it includes changes aiming to safeguard both the credit unions and the National Credit Union Share Insurance Fund (NCUSIF) from increased financial risk.

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.

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.