National Credit Union Administration – Federal Register Recent Federal Regulation Documents

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.
Payday Alternative Loans
Document Number: 2018-11591
Type: Proposed Rule
Date: 2018-06-04
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (the Board) is proposing to amend the NCUA's general lending rule to provide federal credit unions (FCUs) with an additional option to offer payday alternative loans (PALs). This proposal would not replace the current PALs rule (PALs I). Rather, it would be an alternative option, with different terms and conditions, for FCUs to offer PALs to their members. Specifically, this proposal (PALs II) would differ from PALs I by modifying the minimum and maximum amount of the loans, modifying the number of loans a member can receive in a rolling six-month period, eliminating the minimum membership requirement, and increasing the maximum maturity for these loans. The Board is proposing to incorporate all other requirements of PALs I into PALs II. The Board is also soliciting comments from interested stakeholders on the possibility of creating a third PALs loan program (PALs III), which could include different fee structures, loan features, maturities, and loan amounts.
Community Development Revolving Loan Fund
Document Number: 2018-11689
Type: Notice
Date: 2018-05-31
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is issuing this notice to announce the availability of funding for Low-Income Designated Credit Unions (LICUs) Applications for loans and technical assistance grants under the Community Development Revolving Loan Fund (CDRLF) program. The CDRLF program serves as a source of financial support in the form of loans and technical assistance grants that better enables LICUs to support the communities in which they operate. All loans and technical assistance grants from multi-year funds made under this NOFO are subject to funds availability and are at the NCUA's discretion.
Involuntary Liquidation of Federal Credit Unions and Claims Procedures
Document Number: 2018-11588
Type: Rule
Date: 2018-05-30
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending part 709 of its rules to update and clarify the procedures that apply to claims administration for federally insured credit unions that enter involuntary liquidation. Specifically, the final rule amends the payout priority provision by specifying the conditions that claims in the nature of severance must meet to be allowed as provable claims.
Sunshine Act: Notice of Agency Meeting
Document Number: 2018-10901
Type: Notice
Date: 2018-05-21
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Comment Request; Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery
Document Number: 2018-10223
Type: Notice
Date: 2018-05-14
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 this extension of a currently approved information collection, as required by the Paperwork Reduction Act of 1995.
Capital Planning and Supervisory Stress Testing
Document Number: 2018-08558
Type: Rule
Date: 2018-04-25
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is issuing this final rule to amend its regulations regarding capital planning and stress testing for federally insured credit unions with $10 billion or more in assets (covered credit unions). The final rule reduces regulatory burden by removing some of the capital planning and stress testing requirements currently applicable to certain covered credit unions. The final rule also makes the NCUA's requirements more efficient by, among other things, authorizing covered credit unions to conduct their own stress tests in accordance with the NCUA's requirements and permitting covered credit unions to incorporate the stress test results into their capital plans.
Accuracy of Advertising and Notice of Insured Status
Document Number: 2018-08557
Type: Rule
Date: 2018-04-25
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is revising provisions of the NCUA's advertising rule to provide regulatory relief to federally insured credit unions (FICUs). The advertising rule requires FICUs to use the NCUA's official advertisement statement when advertising, and it currently permits three versions of that statement. Under this final rule, the Board is allowing FICUs the option of using a fourth version: ``Insured by NCUA.'' To provide additional regulatory relief, the Board is: Expanding a current exemption from the advertising statement requirement regarding radio and television advertisements; and eliminating the requirement to include the official advertising statement on statements of condition required to be published by law.
Sunshine Act: Notice of Agency Meeting
Document Number: 2018-07996
Type: Notice
Date: 2018-04-16
Agency: National Credit Union Administration, Agencies and Commissions
Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions; Correction
Document Number: 2018-07068
Type: Rule
Date: 2018-04-06
Agency: National Credit Union Administration, Agencies and Commissions
On February 23, 2018, the NCUA Board (Board) published a final rule adopting amendments to its share insurance requirements rule to provide stakeholders with greater transparency regarding the calculation of each eligible financial institution's pro rata share of a declared equity distribution from the National Credit Union Share Insurance Fund (NCUSIF). A clerical error appeared that resulted in an incorrect amendatory instruction. This document corrects that error.
Privacy Act of 1974: Systems of Records
Document Number: 2018-06879
Type: Notice
Date: 2018-04-04
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: Rescind a duplicative system of records; reflect changes in information access and retrieval; and change the name of the office system owner for an existing system of records. 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.
Submission for OMB Review; Comment Request
Document Number: 2018-05929
Type: Notice
Date: 2018-03-23
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.
Agency Information Collection Activities: Proposed Collection; Comment Request; Joint Standards for Assessing the Diversity Policies and Practices
Document Number: 2018-05928
Type: Notice
Date: 2018-03-23
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 revision of an existing collection, as required by the Paperwork Reduction Act of 1995.
NCUA Suspension and Debarment Procedures
Document Number: 2018-05626
Type: Proposed Rule
Date: 2018-03-21
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) proposes to adopt suspension and debarment procedures to establish an administrative process protecting the Federal Government's interest in only doing business with presently responsible contractors. This proposal sets forth the NCUA's proposed policies for suspension and debarment and establishes administrative proceedings for contractors subject to the policies.
Federal Credit Union Bylaws
Document Number: 2018-05625
Type: Proposed Rule
Date: 2018-03-21
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is issuing this advance notice of proposed rulemaking to solicit stakeholder comments on ways to streamline, clarify, and improve the standard Federal Credit Union (FCU) bylaws. The standard FCU bylaws provide a comprehensive set of corporate governance procedures that are mandatory for any FCU that had not adopted bylaws as of November 30, 2007. The Board is considering a number of significant changes to the FCU bylaws to provide enhanced operational flexibility to FCUs and to reduce regulatory compliance burdens on all FCUs.
Sunshine Act Meetings; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2018-05353
Type: Notice
Date: 2018-03-15
Agency: National Credit Union Administration, Agencies and Commissions
Submission for OMB Review; Comment Request
Document Number: 2018-05274
Type: Notice
Date: 2018-03-15
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will be submitting 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.
Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions; Correction
Document Number: 2018-05056
Type: Rule
Date: 2018-03-13
Agency: National Credit Union Administration, Agencies and Commissions
On February 23, 2018, the NCUA Board (Board) issued a final rule adopting amendments to its share insurance requirements rule to provide stakeholders with greater transparency regarding the calculation of each eligible financial institution's pro rata share of a declared equity distribution from the National Credit Union Share Insurance Fund (NCUSIF). A clerical error appeared which confuses what CFR unit is being amended. This document corrects that error.
Sunshine Act; Notice of Agency Meeting
Document Number: 2018-04916
Type: Notice
Date: 2018-03-09
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act; Notice of Agency Meeting
Document Number: 2018-04913
Type: Notice
Date: 2018-03-09
Agency: National Credit Union Administration, Agencies and Commissions
Submission for OMB Review; Comment Request
Document Number: 2018-03857
Type: Notice
Date: 2018-02-26
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will be submitting 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.
Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions
Document Number: 2018-03622
Type: Rule
Date: 2018-02-23
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is adopting amendments to its share insurance requirements rule to provide stakeholders with greater transparency regarding the calculation of each eligible financial institution's pro rata share of a declared equity distribution from the National Credit Union Share Insurance Fund (NCUSIF). The Board is also adopting a temporary provision to govern all NCUSIF equity distributions related to the Corporate System Resolution Program (CSRP), a special purpose program established by the Board to stabilize the corporate credit union system following the 2007-2009 financial crisis. Furthermore, the Board is making technical and conforming amendments to other aspects of the share insurance requirements rule to account for these changes.
Submission for OMB Review; Comment Request
Document Number: 2018-02889
Type: Notice
Date: 2018-02-13
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will be submitting 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.