National Credit Union Administration – Federal Register Recent Federal Regulation Documents

Results 301 - 350 of 1,047
Agency Information Collection Activities: Proposed Collection; Comment Request; Payments on Shares by Public Units and Nonmembers
Document Number: 2016-13240
Type: Notice
Date: 2016-06-06
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Submission for OMB Review; Comment Request
Document Number: 2016-11921
Type: Notice
Date: 2016-05-20
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, Public Law 104-13, on or after the date of publication of this notice.
Sunshine Act Meeting
Document Number: 2016-11599
Type: Notice
Date: 2016-05-16
Agency: National Credit Union Administration, Agencies and Commissions
Submission for OMB Review; Comment Request
Document Number: 2016-11343
Type: Notice
Date: 2016-05-13
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, Public Law 104-13, on or after the date of publication of this notice.
Office of Small Credit Unions (OSCUI) Grant Program Access For Credit Unions
Document Number: 2016-09913
Type: Notice
Date: 2016-04-28
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is issuing a Notice of Funding Opportunity (NOFO) to invite eligible credit unions to submit applications for participation in the OSCUI Grant Program (a.k.a. Community Development Revolving Loan Fund (CDRLF)), subject to funding availability. The OSCUI Grant Program serves as a source of financial support, in the form of technical assistance grants, for credit unions serving predominantly low-income members. It also serves as a source of funding to help low-income designated credit unions (LICUs) respond to emergencies arising in their communities.
Federal Credit Union Occupancy, Planning, and Disposal of Acquired and Abandoned Premises; Incidental Powers
Document Number: 2016-09867
Type: Proposed Rule
Date: 2016-04-27
Agency: National Credit Union Administration, Agencies and Commissions
As part of NCUA's Regulatory Modernization Initiative, the NCUA Board (Board) is issuing for public comment a proposed rule to amend its regulation governing federal credit union (FCU) occupancy, planning, and disposal of acquired and abandoned premises, and its regulation regarding incidental powers. To provide regulatory relief to FCUs, the proposal eliminates a requirement in the current occupancy rule (formerly known as the fixed assets rule) that an FCU must plan for, and eventually achieve, full occupancy of acquired premises. The proposal generally retains the current regulatory timeframes for partial occupancy. However, it modifies the definition of ``partially occupy'' to mean occupation and use, on a full-time basis, of at least fifty percent of the premises by the FCU, or by a combination of the FCU and a credit union service organization (CUSO) in which the FCU has a controlling interest in accordance with Generally Accepted Accounting Principles (GAAP). The proposal also amends the excess capacity provision in NCUA's incidental powers rule to clarify that an FCU may lease or sell excess capacity in its facilities, but it need not anticipate that such excess capacity will be fully occupied by the FCU in the future. However, the sale or lease of excess capacity in equipment or services, including employee-sharing and data processing for third parties, continues to be limited to circumstances where an FCU reasonably anticipates that such excess capacity will be taken up by the future expansion of services to members.
Sunshine Act; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2016-09505
Type: Notice
Date: 2016-04-22
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks; Comment Request
Document Number: 2016-09379
Type: Notice
Date: 2016-04-22
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on this reinstatement of a previously approved collection, as required by Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). The purpose of this notice is to allow for 60 days of public comment. NCUA is soliciting comments on the reinstatement of the information collection described below.
Sunshine Act Meeting
Document Number: 2016-09039
Type: Notice
Date: 2016-04-18
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities; Proposed Collections; Comment Request
Document Number: 2016-08876
Type: Notice
Date: 2016-04-18
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on these reinstatements of previously approved collections, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Agency Information Collection Activities: Account Based Disclosures in Connection With Truth in Savings; Comment Request
Document Number: 2016-08874
Type: Notice
Date: 2016-04-18
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the submission for reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). NCUA is soliciting comment on the reinstatement of the information collection described below.
Agency Information Collection Activities; Proposed Collections; Comment Request
Document Number: 2016-08224
Type: Notice
Date: 2016-04-11
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on these reinstatements of previously approved collections, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Investment and Deposit Activities-Bank Notes
Document Number: 2016-07151
Type: Rule
Date: 2016-03-30
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is finalizing a rule that amends the maturity requirement for bank notes to be permissible investments for federal credit unions (FCUs) by removing the word ``original'' from the current requirement that bank notes have ``original weighted average maturities of less than 5 years.''
Agency Information Collection Activities: Proposed Collection; Comment Request; Investment and Deposit Activities
Document Number: 2016-07123
Type: Notice
Date: 2016-03-30
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Agency Information Collection Activities: Proposed Collection; Comment Request; Central Liquidity Facilities, 12 CFR Part 725
Document Number: 2016-06667
Type: Notice
Date: 2016-03-24
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Sunshine Act: Notice of Agency Meeting
Document Number: 2016-06402
Type: Notice
Date: 2016-03-21
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Comment Request; Vendor Registration Form
Document Number: 2016-05667
Type: Notice
Date: 2016-03-14
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA, as part of its continuing efforts to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on an extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The NCUA is soliciting comments on its Vendor Registration Form.
Member Business Loans; Commercial Lending
Document Number: 2016-03955
Type: Rule
Date: 2016-03-14
Agency: National Credit Union Administration, Agencies and Commissions
As part of NCUA's Regulatory Modernization Initiative, the NCUA Board (Board) is amending its member business loans (MBL) rule to provide federally insured credit unions with greater flexibility and individual autonomy in safely and soundly providing commercial and business loans to serve their members. The final amendments modernize the regulatory requirements that govern credit union commercial lending activities by replacing the current rule's prescriptive requirements and limitationssuch as collateral and security requirements, equity requirements, and loan limitswith a broad principles-based regulatory approach. As such, the amendments also eliminate the current MBL waiver process, which is unnecessary under a principles-based rule.
Privacy Act of 1974: System of Records
Document Number: 2016-05313
Type: Notice
Date: 2016-03-10
Agency: National Credit Union Administration, Agencies and Commissions
The Personnel Administrative Security System collects and maintains information on individuals requiring access to NCUA- controlled facilities and NCUA applicants, employees, and contractors requiring suitability, fitness, and/or national security determinations.
Agency Information Collection Activities: Proposed Collection; Comment Request; Corporate Credit Unions
Document Number: 2016-05010
Type: Notice
Date: 2016-03-08
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA, as part of its continuing efforts to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The NCUA is soliciting comments concerning regulations on corporate credit unions under 12 CFR part 704.
Sunshine Act Meeting
Document Number: 2016-03210
Type: Notice
Date: 2016-02-16
Agency: National Credit Union Administration, Agencies and Commissions
Capital Planning and Stress Testing-Schedule Shift
Document Number: 2016-02740
Type: Rule
Date: 2016-02-11
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) published a final rule in the Federal Register on August 11, 2015, regarding the capital planning and stress testing provisions in NCUA's regulations. This amendment corrects the regulations by reinstating a provision that was inadvertently removed by the August 2015 final rule.
Request for Comment Regarding National Credit Union Administration Draft 2017-2021 Strategic Plan
Document Number: 2016-01777
Type: Notice
Date: 2016-02-02
Agency: National Credit Union Administration, Agencies and Commissions
On January 27, 2016 the Federal Register published a Notice and Request for Comment for the NCUA Draft 2017-2021 Strategic Plan (Citation 81 FR 4679). This Federal Register Notice repairs a hyperlink within the notice. The NCUA Board (Board) is requesting comment on its 2017-2021 Draft Strategic Plan. The NCUA Draft Strategic Plan 2017-2021 summarizes our analysis of the internal and external environment impacting NCUA; evaluates NCUA programs and risks; and provides goals and objectives for the next five years. While the Board welcomes all comments from the public and stakeholders, it specifically invites comments and input on the proposed goals and objectives of the strategic plan.
Request for Comment Regarding Overhead Transfer Rate Methodology
Document Number: 2016-01626
Type: Notice
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Operating Budget has two primary funding mechanisms: (1) An Overhead Transfer, which is funded by federal credit unions (FCUs) and federally insured state-chartered credit unions (FISCUs); and (2) annual Operating Fees, which are charged only to FCUs. In a voluntary effort to invite input from stakeholders representing federal and state-chartered credit unions, the NCUA Board (Board) is simultaneously requesting comments on the methodologies for both funding mechanisms in separate notices in the Federal Register. This request for comments focuses on the methodology NCUA uses to determine the Overhead Transfer Rate (OTR). To facilitate comments, the Board is also assembling and describing its existing OTR methodologies and processes, which are also available on NCUA's Web site. The Board applies the OTR to NCUA's Operating Budget to determine the portion of the budget that will be funded from the National Credit Union Share Insurance Fund (NCUSIF). The Board invites comments on all aspects of the OTR methodology and any alternatives commenters may offer. Areas the Board specifically seeks comments on include: Whether the OTR should continue to be determined using a formula-driven approach, or instead be set largely at the discretion of the Board; The definition NCUA uses for insurance-related activities; Adjustments or changes to the current calculation; and Alternate methodologies to arrive at an accurate and fair allocation of costs. To be most instructive to the Board, commenters are encouraged to provide the specific basis for their comments and recommendations, as well as documentation to support their proposed adjustments or alternatives.
Request for Comment Regarding National Credit Union Administration Draft 2017-2021 Strategic Plan
Document Number: 2016-01625
Type: Notice
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is requesting comment on its 2017-2021 Draft Strategic Plan. The NCUA Draft Strategic Plan 2017-2021 summarizes our analysis of the internal and external environment impacting NCUA; evaluates NCUA programs and risks; and provides goals and objectives for the next five years. While the Board welcomes all comments from the public and stakeholders, it specifically invites comments and input on the proposed goals and objectives of the strategic plan.
Request for Comment Regarding National Credit Union Administration Operating Fee Schedule Methodology
Document Number: 2016-01623
Type: Notice
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Operating Budget has two primary funding mechanisms: (1) An Overhead Transfer, which is funded by federal credit unions (FCUs) and federally insured state-chartered credit unions (FISCUs); and (2) annual Operating Fees, which are charged only to FCUs. In a voluntary effort to invite input from stakeholders representing federal and state-chartered credit unions, the NCUA Board (Board) is simultaneously requesting comments on the methodologies for both funding mechanisms in separate notices in the Federal Register. This request for comments focuses on the methodology NCUA uses to determine the aggregate amount of Operating Fees charged to federal credit unions, including the fee schedule that allocates the Operating Fees at different rates among FCUs according to various asset thresholds. While the NCUA Board is interested in all comments from the public and stakeholders, commenters are also asked to consider the following questions when responding: (1) Are the asset determination thresholds reasonable; and (2) is the method for forecasting projected asset growth for the credit union system reasonable? Responding to these questions will provide valuable insight to the NCUA Board with respect to how the Operating Fee is administered. To be most instructive to the Board, commenters are encouraged to provide the specific basis for their comments and recommendations, as well as documentation to support their proposed adjustments or alternatives.
Technical Amendments
Document Number: 2016-01602
Type: Rule
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board is amending the section of NCUA's regulations addressing the description of NCUA to make minor, non-substantive technical corrections. The technical amendments update the regulations to reflect current agency office functions and responsibilities and will not cause any substantive changes.
Sunshine Act; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2016-01347
Type: Notice
Date: 2016-01-22
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2016-00986
Type: Notice
Date: 2016-01-19
Agency: National Credit Union Administration, Agencies and Commissions
Share Insurance and Appendix
Document Number: 2015-33056
Type: Rule
Date: 2015-12-31
Agency: National Credit Union Administration, Agencies and Commissions
Pass-Through Share Insurance for Interest on Lawyers Trust Accounts
Document Number: 2015-32164
Type: Rule
Date: 2015-12-28
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending its share insurance regulations to implement statutory amendments to the Federal Credit Union Act (FCU Act or the Act) resulting from the recent enactment of the Credit Union Share Insurance Fund Parity Act (Insurance Parity Act). The statutory amendments require NCUA to provide enhanced, pass- through share insurance for interest on lawyers trust accounts (IOLTA) and other similar escrow accounts. As its name implies, the Insurance Parity Act ensures that NCUA and the Federal Deposit Insurance Corporation (FDIC) insure IOLTAs and other similar escrow accounts in an equivalent manner.
Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Document Number: 2015-32167
Type: Notice
Date: 2015-12-23
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is continuing its comprehensive review of its regulations to identify outdated, unnecessary, or burdensome regulatory requirements imposed on federally insured credit unions, as contemplated by section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). This second decennial review of regulations began when the Board issued its first EGRPRA notice on May 22, 2014, covering the two categories of ``Applications and Reporting'' and ``Powers and Activities.'' \1\ The second notice followed, covering the three categories of ``Agency Programs,'' ``Capital,'' and ``Consumer Protection,'' which was published on December 19, 2014.\2\ The third notice was published on June 24, 2015, and covered the next three categories of rules: ``Corporate Credit Unions,'' ``Directors, Officers and Employees,'' and ``Money Laundering.'' \3\ This fourth and final notice covers the remaining two categories: ``Rules of Procedure'' and ``Safety and Soundness.'' This review process presents a significant opportunity to consider the possibilities for burden reduction in groups of similar regulations. The Board welcomes comment on the categories, the order of review, and all other aspects of this initiative in order to maximize the review's effectiveness.
Sunshine Act Meeting
Document Number: 2015-31871
Type: Notice
Date: 2015-12-17
Agency: National Credit Union Administration, Agencies and Commissions
Administrative Actions, Adjudicative Hearings, Rules of Practice and Procedure, and Investigations
Document Number: 2015-31732
Type: Rule
Date: 2015-12-17
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act; Notice of Agency Meeting
Document Number: 2015-31502
Type: Notice
Date: 2015-12-14
Agency: National Credit Union Administration, Agencies and Commissions
Chartering and Field of Membership Manual
Document Number: 2015-30069
Type: Proposed Rule
Date: 2015-12-10
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board proposes to comprehensively amend its chartering and field of membership rules to put them in a more efficient framework and to maximize access to federal credit union services to the extent permitted by law. The amendments will implement changes in policy affecting: The definition of a local community, a rural district, and an underserved area; the expansion of multiple common bond credit unions and members' proximity to them; the expansion of single common bond credit unions based on a trade, industry or profession; and the process for applying to charter or expand a federal credit union.
Agency Information Collection Activities: Submission for Office of Management and Budget Review; Comment Request; for Reinstatement With Change of a Previously Approved Collection; Organization and Operation of Federal Credit Unions-Loan Participation
Document Number: 2015-30934
Type: Notice
Date: 2015-12-09
Agency: National Credit Union Administration, Agencies and Commissions
National Credit Union Administration is announcing that a proposed collection of information has been submitted to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (PRA). This is related to NCUA's regulation 701.22 that outlines requirements for loan participation programs. The rule requires various information collections, which NCUA uses to ensure credit unions have implemented a safe and sound loan participation program.
Agency Information Collection Activities: Submission to OMB for Reinstatement With Change, Bank Conversions and Mergers, 12 CFR Part 708a; Comment Request
Document Number: 2015-30933
Type: Notice
Date: 2015-12-09
Agency: National Credit Union Administration, Agencies and Commissions
NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). The purpose of this notice is to allow for 30 days of public comment. The information collection relates to NCUA's regulation on conversions of federally insured credit unions (FICUs) to mutual savings banks (MSBs) and mergers of FICUs into banks. The regulation requires an insured credit union that proposes to convert to an MSB or merge into a bank to provide notice and disclosure of the proposal to members and NCUA and to conduct a membership vote.
Agency Information Collection; Submission for OMB Review; Comment Request; Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies
Document Number: 2015-30932
Type: Notice
Date: 2015-12-09
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA has submitted to OMB a request for approval under the PRA of the collection of information discussed below. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number.
Sunshine Act: Notice of Agency Meeting
Document Number: 2015-29187
Type: Notice
Date: 2015-11-13
Agency: National Credit Union Administration, Agencies and Commissions
Risk-Based Capital
Document Number: 2015-26790
Type: Rule
Date: 2015-10-29
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending NCUA's current regulations regarding prompt corrective action (PCA) to require that credit unions taking certain risks hold capital commensurate with those risks. The risk-based capital provisions of this final rule apply only to federally insured, natural-person credit unions with assets over $100 million. The overarching intent is to reduce the likelihood of a relatively small number of high-risk outliers exhausting their capital and causing systemic losseswhich, by law, all federally insured credit unions would have to pay through the National Credit Union Share Insurance Fund (NCUSIF). This final rule restructures NCUA's PCA regulations and makes various revisions, including amending the agency's current risk-based net worth requirement by replacing it with a new risk-based capital ratio for federally insured, natural-person credit unions (credit unions). The risk-based capital requirement set forth in this final rule is more consistent with NCUA's risk-based capital measure for corporate credit unions and, as the law requires, more comparable to the regulatory risk-based capital measures used by the Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System, and Office of the Comptroller of Currency (Other Banking Agencies). The effective date is intended to coincide with the full phase-in of FDIC's risk-based capital measures in 2019. The final rule also eliminates several provisions in NCUA's current PCA regulations, including provisions relating to the regular reserve account, risk-mitigation credits, and alternative risk weights.
Investment and Deposit Activities-Bank Notes
Document Number: 2015-26788
Type: Proposed Rule
Date: 2015-10-22
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) proposes to amend the maturity requirement for bank notes to be permissible investments for federal credit unions (FCUs) by removing the word ``original'' from the current requirement that bank notes have ``original weighted average maturities of less than 5 years.'' This amendment will provide regulatory relief for FCUs.
Sunshine Act: Notice of Agency Meeting
Document Number: 2015-26128
Type: Notice
Date: 2015-10-13
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Submission to OMB for Revision of a Currently Approved Information Collection, Credit Union Service Organizations; Comment Request
Document Number: 2015-24478
Type: Notice
Date: 2015-09-28
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. NCUA previously amended its credit union service organization (CUSO) regulation to increase transparency and address certain safety and soundness concerns. The final rule extends certain requirements of the CUSO regulation to federally insured, state-chartered credit unions and imposes new requirements on federally insured credit unions (FICUs). Under the amended rule, FICUs with an investment in, or loan to, a CUSO must obtain a written agreement with the CUSO addressing accounting, financial statements, audits, reporting, and legal opinions. The rule limits the ability of a ``less than adequately capitalized'' FICU to recapitalize an insolvent CUSO. All CUSOs are required to annually provide basic profile information to NCUA and the appropriate state supervisory authority (SSA). CUSOs engaging in certain complex or high-risk activities are also required to report more detailed information, including audited financial statements and customer information.
Sunshine Act; Notice of Agency Meeting
Document Number: 2015-24600
Type: Notice
Date: 2015-09-25
Agency: National Credit Union Administration, Agencies and Commissions
Promulgation of NCUA Rules and Regulations
Document Number: 2015-24165
Type: Rule
Date: 2015-09-24
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is issuing a final rule to amend Interpretive Ruling and Policy Statement (IRPS) 87-2, as amended by IRPS 03-2 and 13-1. The amended IRPS increases the asset threshold used to define the term ``small entity'' under the Regulatory Flexibility Act (RFA) from $50 million to $100 million and, thereby, provides transparent consideration of regulatory relief for a greater number of credit unions in future rulemakings. The final rule and IRPS also makes a technical change to NCUA's regulations in connection with procedures for developing regulations.
Corporate Credit Unions
Document Number: 2015-24160
Type: Rule
Date: 2015-09-23
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is issuing this final rule to exclude Central Liquidity Facility-related bridge loans (CLF-related bridge loans) from the aggregate unsecured lending cap to one borrower applicable to corporate credit unions (Corporates). Specifically, a CLF-related bridge loan that is exempt from that cap is a bridge loan made by a Corporate to a natural person credit union where the natural person credit union has been approved for a loan by the CLF and is awaiting funding from the CLF. Additionally, this rule excludes CLF- related bridge loans from the calculation of ``net assets'' and ``net risk weighted assets'' for determining minimum capital requirements.
Civil Monetary Penalty Inflation Adjustment
Document Number: 2015-24157
Type: Rule
Date: 2015-09-23
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.
Agency Information Collection Activities: Submission to OMB for Revision of a Currently Approved Information Collection, Credit Union Service Organizations; Comment Request
Document Number: 2015-16497
Type: Notice
Date: 2015-07-06
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. NCUA amended its credit union service organization (CUSO) regulation to increase transparency and address certain safety and soundness concerns. The final rule extends certain requirements of the CUSO regulation to federally insured, state- chartered credit unions and imposes new requirements on federally insured credit unions (FICUs). Under the amended rule FICUs with an investment in, or loan to, a CUSO must obtain a written agreement with the CUSO addressing accounting, financial statements, audits, reporting, and legal opinions. The rule limits the ability of a ``less than adequately capitalized'' FICU to recapitalize an insolvent CUSO. All CUSOs are required to annually provide basic profile information to NCUA and the appropriate state supervisory authority (SSA). CUSOs engaging in certain complex or high-risk activities are also required to report more detailed information, including audited financial statements and customer information.
Member Business Loans; Commercial Lending
Document Number: 2015-15466
Type: Proposed Rule
Date: 2015-07-01
Agency: National Credit Union Administration, Agencies and Commissions
As part of NCUA's Regulatory Modernization Initiative, the NCUA Board (Board) proposes to amend its member business loans (MBL) rule to provide federally insured credit unions with greater flexibility and individual autonomy in safely and soundly providing commercial and business loans to serve their members. The proposed amendments would modernize the regulatory requirements that govern credit union commercial lending activities by replacing the current rule's prescriptive requirements and limitationssuch as collateral and security requirements, equity requirements, and loan limitswith a broad principles-based regulatory approach. As such, the amendments would also eliminate the current MBL waiver process, which is unnecessary under a principles-based rule. The Board emphasizes that the proposed rule represents a change in regulatory approach and supervisory expectations for safe and sound lending would change accordingly. With adoption of a final rule, NCUA would publish updated supervisory guidance to examiners, which would be shared with credit unions, to provide more extensive discussion of expectations in relation to the revised rule.