National Credit Union Administration – Federal Register Recent Federal Regulation Documents

Sunshine Act: Notice of Agency Meeting
Document Number: 2019-07577
Type: Notice
Date: 2019-04-15
Agency: National Credit Union Administration, Agencies and Commissions
Community Development Revolving Loan Fund Access for Credit Unions
Document Number: 2019-07337
Type: Notice
Date: 2019-04-12
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is issuing this Notice of Funding Opportunity (NOFO) to announce the availability of technical assistance grants (awards) for low-income designated credit unions (LICUs) through the CDRLF program. The CDRLF program serves as a source of financial support in the form of awards that better enables LICUs to support the communities in which they operate. All grant awards made under this NOFO are subject to funds availability and are at the NCUA's discretion.
Agency Information Collection Activities: Proposed Collection; Comment Request
Document Number: 2019-06969
Type: Notice
Date: 2019-04-09
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following renewals of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Sunshine Act; Notice of Agency Meeting
Document Number: 2019-06113
Type: Notice
Date: 2019-03-28
Agency: National Credit Union Administration, Agencies and Commissions
Privacy Act of 1974: Systems of Records
Document Number: 2019-05740
Type: Notice
Date: 2019-03-26
Agency: National Credit Union Administration, Agencies and Commissions
Pursuant to the Privacy Act of 1974, the National Credit Union Administration (NCUA) gives notice of a new proposed Privacy Act system of records. The new proposed system is the NCUA Connect, NCUA-21. The NCUA Connect system will carry out the NCUA's statutorily mandated credit union examination and supervision activities. Specifically, this system is the interface through which authorized users access NCUA's other major examination, supervision, and reporting related systems.
Privacy Act of 1974: Systems of Records
Document Number: 2019-05739
Type: Notice
Date: 2019-03-26
Agency: National Credit Union Administration, Agencies and Commissions
Pursuant to the Privacy Act of 1974, the National Credit Union Administration (NCUA) gives notice of a new proposed Privacy Act system of records. The new proposed system is the Examination and Supervision System (ESS), NCUA-22. The ESS will be used for NCUA's statutorily mandated examination and supervision activities, including the coordination and conduct of examinations of credit unions, supervisory evaluations and analyses, enforcement actions and Federal court actions. NCUA may coordinate with other financial regulatory agencies on matters related to the safety and soundness of credit unions. This system will track and store examination and supervision documents created during the performance of the NCUA's statutory duties.
Loans to Members and Lines of Credit to Members
Document Number: 2019-05186
Type: Rule
Date: 2019-03-25
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending its regulations regarding loans to members and lines of credit to members to reduce regulatory burden, improve clarity, and make compliance easier. The amendments make the NCUA's regulations more user friendly by identifying in one section all of the various maturity limits applicable to federal credit union (FCU) loans, stating that the maturity date for a new loan under generally accepted accounting principles (GAAP) is calculated from the origination date of the new loan, and more clearly expressing the limits for loans to a single borrower or group of associated borrowers.
Agency Information Collection Activities: Proposed Collection; Comment Request; Vendor Registration Form
Document Number: 2019-05516
Type: Notice
Date: 2019-03-22
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Sunshine Act Meetings; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2019-04801
Type: Notice
Date: 2019-03-14
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act: Notice of Agency Meeting
Document Number: 2019-04469
Type: Notice
Date: 2019-03-11
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Proof of Concept Application for New Charter Organizing Groups
Document Number: 2019-04339
Type: Notice
Date: 2019-03-11
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following new collection of information, as required by the Paperwork Reduction Act of 1995.
Agency Information Collection Activities: Proposed Collection; Comment Request; Joint Standards for Assessing the Diversity Policies and Practices
Document Number: 2019-04337
Type: Notice
Date: 2019-03-11
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Community Development Revolving Loan Fund Access for Credit Unions
Document Number: 2019-03321
Type: Notice
Date: 2019-02-27
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is issuing this Notice of Funding Opportunity (NOFO) to announce the availability of loan awards for low-income designated credit unions (LICUs) through the CDRLF program. The CDRLF program serves as a source of financial support in the form of loans that better enables LICUs to support the communities in which they operate. CDRLF loan awards typically range from $250,000 to $500,000. All awards made under this NOFO are subject to funds availability and are at the NCUA's discretion.
Supervisory Committee Audits and Verifications
Document Number: 2019-03164
Type: Proposed Rule
Date: 2019-02-25
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) proposes to amend its regulations governing the responsibilities of a federally insured credit union (FICU) to obtain an annual supervisory committee audit of the credit union. The proposal implements recommendations outlined in the agency's Regulatory Reform Task Force's Regulatory Reform Agenda (Agenda) and will provide additional flexibility to FICUs.
Loans in Areas Having Special Flood Hazards
Document Number: 2019-02650
Type: Rule
Date: 2019-02-20
Agency: Farm Credit Administration, Agencies and Commissions, Federal Deposit Insurance Corporation, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) are amending their regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act). Specifically, the final rule requires regulated lending institutions to accept policies that meet the statutory definition of ``private flood insurance'' in the Biggert-Waters Act; and permits regulated lending institutions to exercise their discretion to accept flood insurance policies issued by private insurers and plans providing flood coverage issued by mutual aid societies that do not meet the statutory definition of ``private flood insurance,'' subject to certain restrictions.
Submission for OMB Review; Comment Request
Document Number: 2019-02091
Type: Notice
Date: 2019-02-12
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
Sunshine Act: Notice of Agency Meeting
Document Number: 2019-02099
Type: Notice
Date: 2019-02-11
Agency: National Credit Union Administration, Agencies and Commissions
Civil Monetary Penalty Inflation Adjustment
Document Number: 2019-01123
Type: Rule
Date: 2019-02-06
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation. This action, including the amount of the adjustments, is required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
Technical Amendments
Document Number: 2018-27472
Type: Rule
Date: 2019-02-05
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is issuing a final rule to make technical amendments to various provisions of the NCUA's regulations. These technical amendments correct minor drafting errors and inaccurate legal citations and remove unnecessary regulatory provisions no longer applicable to federally insured credit unions (FICUs).
Regulatory Reform Agenda
Document Number: 2018-27473
Type: Proposed Rule
Date: 2018-12-21
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA has established a Regulatory Reform Task Force (Task Force) to oversee the implementation of the agency's regulatory reform agenda. This is consistent with the spirit of the president's regulatory reform agenda and Executive Order 13777. Although the NCUA, as an independent agency, is not required to comply with Executive Order 13777, the agency chose to comply with its spirit and reviewed all of the NCUA's regulations to that end. The Task Force published and sought comment on its first report in August 2017. Having reviewed all of the comments received, the Task Force is publishing its second and final report.
Sunshine Act: Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2018-27355
Type: Notice
Date: 2018-12-17
Agency: National Credit Union Administration, Agencies and Commissions
Submission for OMB Review; Comment Request
Document Number: 2018-27209
Type: Notice
Date: 2018-12-17
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
Sunshine Act: Notice of Agency Meeting
Document Number: 2018-26819
Type: Notice
Date: 2018-12-10
Agency: National Credit Union Administration, Agencies and Commissions
Fidelity Bonds
Document Number: 2018-25402
Type: Proposed Rule
Date: 2018-11-23
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is seeking comment on a proposed rule that would amend its regulations regarding fidelity bonds under Part 704 for corporate credit unions and under Part 713 for natural person credit unions. The proposed rule would accomplish four objectives. First, it would strengthen a board of directors' oversight of a credit union's fidelity bond coverage. Second, it would ensure that there is an adequate period to discover and file fidelity bond claims following a credit union's liquidation. Third, it would codify a 2017 NCUA Office of General Counsel legal opinion that permits a natural person credit union's fidelity bond to include coverage for certain credit union service organizations (CUSOs). Fourth, it would clarify the documents subject to Board approval and require that all bond forms receive Board approval every ten years.
Agency Information Collection Activities: Proposed Collection; Comment Request; Loan Participation
Document Number: 2018-25141
Type: Notice
Date: 2018-11-19
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following renewal of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Submission for OMB Review; Comment Request
Document Number: 2018-25140
Type: Notice
Date: 2018-11-19
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
Sunshine Act: Notice of Agency Meeting
Document Number: 2018-24836
Type: Notice
Date: 2018-11-13
Agency: National Credit Union Administration, Agencies and Commissions
Federal Credit Union Bylaws
Document Number: 2018-24169
Type: Proposed Rule
Date: 2018-11-13
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is proposing to update, clarify, and simplify the federal credit union bylaws (FCU Bylaws). The Board also is proposing changes that will update and conform the FCU Bylaws to legal opinions issued by the NCUA's Office of General Counsel and/or provide greater flexibility to FCUs. Finally, the Board is proposing other changes that are designed to remove outdated or obsolete provisions.
Risk-Based Capital
Document Number: 2018-24171
Type: Rule
Date: 2018-11-06
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending the NCUA's previously revised regulations regarding prompt corrective action (PCA). The final rule delays the effective date of the NCUA's October 29, 2015 final rule regarding risk-based capital (2015 Final Rule) for one year, moving the effective date from January 1, 2019 to January 1, 2020. During the extended delay period, the NCUA's current PCA requirements will remain in effect. The final rule also amends the definition of a ``complex'' credit union adopted in the 2015 Final Rule for risk-based capital purposes by increasing the threshold level for coverage from $100 million to $500 million. These changes provide covered credit unions and the NCUA with additional time to prepare for the rule's implementation, and exempt an additional 1,026 credit unions from the risk-based capital requirements of the 2015 Final Rule without subjecting the National Credit Union Share Insurance Fund (NCUSIF) to undue risk.
Sunshine Act; Notice of Matters To Be Deleted From the Agenda of a Previously Announced Agency Meeting
Document Number: 2018-22847
Type: Notice
Date: 2018-10-18
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Notice of Agency Meeting
Document Number: 2018-22500
Type: Notice
Date: 2018-10-15
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act: Notice of Agency Meeting
Document Number: 2018-22438
Type: Notice
Date: 2018-10-15
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Comment Request; Credit Union Service Organizations (CUSOs)
Document Number: 2018-21994
Type: Notice
Date: 2018-10-10
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following renewal of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Real Estate Appraisals
Document Number: 2018-20946
Type: Proposed Rule
Date: 2018-10-03
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is inviting comment on a proposed rule to amend the agency's regulation requiring real estate appraisals for certain transactions. The proposed rule would accomplish four objectives. First, the proposed rule would increase the threshold below which appraisals would not be required for non-residential real estate transactions from $250,000 to $1,000,000. Second, the proposed rule would restructure the NCUA's appraisal regulation to clarify its requirements for the reader. Third, the proposed rule would exempt from the NCUA's appraisal regulation certain federally related transactions involving real estate where the property is located in a rural area, valued below $400,000, and no state certified or licensed appraiser is available. Finally, the proposed rule would also make certain conforming amendments to the definitions section.
The NCUA Staff Draft 2019-2020 Budget Justification
Document Number: 2018-21282
Type: Notice
Date: 2018-10-02
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA draft detailed business-type budget is being made available for public review as required by federal statute. The proposed resources will support the agency's annual operations and continue implementation of the agency's reorganization plan. The briefing schedule and comment instructions are included in the supplementary information section.
Submission for OMB Review; Comment Request
Document Number: 2018-21157
Type: Notice
Date: 2018-09-28
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
Sunshine Act: Notice of Agency Meeting
Document Number: 2018-20290
Type: Notice
Date: 2018-09-17
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Comment Request; NCUA Call Report and Profile
Document Number: 2018-19178
Type: Notice
Date: 2018-09-05
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following revision of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Privacy Act of 1974; System of Records
Document Number: 2018-17518
Type: Notice
Date: 2018-08-15
Agency: National Credit Union Administration, Agencies and Commissions
NCUA-5, Unofficial Personnel and Employee Development/ Correspondence Records is a system of records that covers unofficial personnel and related records maintained by NCUA staff to facilitate day-to-day administrative activities. The records are covered by OPM/ GOVT-1 and OPM/GOVT-2 and therefore, the NCUA is proposing that NCUA-5 be rescinded. The rescission will not affect business and will likewise not create any additional privacy risks for the individuals whose information is covered by NCUA-5 (NCUA employees). Rather, the rescission will increase the NCUA's compliance with OMB Circular A-108, Section 6, i. (December 23, 2016).
Privacy Act of 1974: Systems of Records
Document Number: 2018-17517
Type: Notice
Date: 2018-08-15
Agency: National Credit Union Administration, Agencies and Commissions
Pursuant to the Privacy Act of 1974, the National Credit Union Administration (NCUA) proposes the following changes to: Reflect changes in information access and retrieval, and change the name of the office system owner for an existing system of records, Consumer Complaints Against Federal Credit Unions, NCUA-12; revise the authorities to reflect specific programmatic authority for collecting, maintaining, using, and disseminating the information; and add a routine use to all NCUA Systems of Records as part of our Standard Routine Uses. These actions are necessary to meet the requirements of the Privacy Act that federal agencies publish in the Federal Register a notice of the existence and character of records it maintains that are retrieved by an individual identifier. This is a republication after full review by OMB.
Loans to Members and Lines of Credit to Members
Document Number: 2018-17087
Type: Proposed Rule
Date: 2018-08-10
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) proposes to amend its regulations regarding loans to members and lines of credit to members. The proposal would reduce regulatory burden by making amendments to improve clarity and to make compliance easier. Specifically, the Board proposes to make the NCUA's loan maturity requirements more user friendly by identifying in one section all of the various maturity limits applicable to federal credit union (FCU) loans. The Board also proposes to make explicit in its regulations that the maturity date for a ``new loan'' under generally accepted accounting principles (GAAP) is calculated from the new date of origination. Additionally, the Board seeks comment on whether the agency should provide longer maturity limits for 1-4 family real estate loans and other loans permitted by the Federal Credit Union Act (FCU Act) such as home improvement, mobile home, and second mortgage loans. Finally, the Board proposes to more clearly express the limits for loans to a single borrower or group of associated borrowers.
NCUA Suspension and Debarment Procedures
Document Number: 2018-17086
Type: Notice
Date: 2018-08-09
Agency: National Credit Union Administration, Agencies and Commissions
On March 15, 2018, the NCUA Board (Board) proposed new suspension and debarment procedures to protect the Federal Government's interest in only doing business with presently responsible contractors. After consideration of public comments, this notice sets forth the NCUA's final procedures for suspension and debarment and establishes administrative processes for contractors subject to the procedures. The final procedures will appear on the NCUA's public website.
Risk-Based Capital-Supplemental Rule
Document Number: 2018-16888
Type: Proposed Rule
Date: 2018-08-08
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is seeking comment on a proposed rule that would amend the NCUA's previously revised regulations regarding prompt corrective action (PCA). The proposal would delay the effective date of the NCUA's October 29, 2015 final rule regarding risk-based capital (2015 Final Rule) for one year, moving the effective date from January 1, 2019 to January 1, 2020. During the extended delay period, the NCUA's current PCA requirements would remain in effect. The proposal would also amend the definition of a ``complex'' credit union adopted in the 2015 Final Rule for risk-based capital purposes by increasing the threshold level for coverage from $100 million to $500 million. These proposed changes would provide covered credit unions and the NCUA with additional time to prepare for the rule's implementation, and would exempt an additional 1,026 credit unions from the rule without subjecting the National Credit Union Share Insurance Fund (NCUSIF) to undue risk.
Sunshine Act: Notice of Agency Meeting
Document Number: 2018-16340
Type: Notice
Date: 2018-07-30
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Comment Request
Document Number: 2018-15796
Type: Notice
Date: 2018-07-24
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on the following extensions of a currently approved information collections, as required by the Paperwork Reduction Act of 1995.
Chartering and Field of Membership
Document Number: 2018-13869
Type: Rule
Date: 2018-06-28
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending its chartering and field of membership rules with respect to applicants for a community charter approval, expansion or conversion. The Board will allow the option for an applicant to submit a narrative to establish the existence of a well-defined local community instead of limiting the applicant to a presumptive statistical community. Also, the Board will hold a public hearing for narrative applications where the proposed community exceeds a population of 2.5 million people. Further, for communities that are subdivided into metropolitan divisions, the Board will permit an applicant to designate a portion of the area as its community without regard to division boundaries.
Bylaws; Voluntary Mergers of Federally Insured Credit Unions
Document Number: 2018-13867
Type: Rule
Date: 2018-06-28
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is revising the procedures a federally insured credit union (FICU) must follow to merge voluntarily with another FICU. The changes: Revise and clarify the contents and format of the member notice; require merging credit unions to disclose certain merger-related financial arrangements for covered persons; increase the minimum member notice period; and provide a method for members and others to submit comments to the NCUA regarding the proposed merger. In addition, the NCUA has replaced its Merger Manual with revised model forms that conform to the requirements of this rule. The regulations now includes these forms.
Sunshine Act Meetings
Document Number: 2018-13136
Type: Notice
Date: 2018-06-18
Agency: National Credit Union Administration, Agencies and Commissions
Commercial Lending
Document Number: 2018-11946
Type: Rule
Date: 2018-06-05
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending the definition of member business loan (MBL) in its MBL rule with respect to 1- to 4- family dwellings. This regulatory change conforms to a recent amendment to the Federal Credit Act (FCU Act) by the Economic Growth, Regulatory Relief, and Consumer Protection Act (Economic Growth Act).
Submission for OMB Review; Comment Request
Document Number: 2018-11935
Type: Notice
Date: 2018-06-04
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.