National Credit Union Administration October 27, 2021 – Federal Register Recent Federal Regulation Documents

CAMELS Rating System
Document Number: 2021-23332
Type: Rule
Date: 2021-10-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (the Board) is updating the NCUA's supervisory rating system from CAMEL to CAMELS by adding the ``S'' (Sensitivity to Market Risk) component to the existing CAMEL rating system and redefining the ``L'' (Liquidity Risk) component. The benefits of adding the ``S'' component are to enhance transparency and allow the NCUA and federally insured natural person and corporate credit unions to better distinguish between liquidity risk (``L'') and sensitivity to market risk (``S''). The addition of ``S'' also enhances consistency between the supervision of credit unions and financial institutions supervised by the other banking agencies. The effective date of the rule will be April 1, 2022. The Board plans to implement the addition of the ``S'' rating component and a redefined ``L'' rating for examinations and contacts started on or after April 1, 2022.
Credit Union Service Organizations (CUSOs)
Document Number: 2021-23322
Type: Rule
Date: 2021-10-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is issuing a final rule that amends the NCUA's credit union service organization (CUSO) regulation. The final rule accomplishes two objectives: expanding the list of permissible activities and services for CUSOs to include the origination of any type of loan that a Federal credit union (FCU) may originate; and granting the Board additional flexibility to approve permissible activities and services.
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