NCUA to Launch Alternating Exam Pilot Program, Return to Three-Year Regulatory Review

On January 1, 2019, the National Credit Union Administration (NCUA) and six state credit union regulators will launch an alternating examination pilot program for a select group of federally-insured, state-chartered credit unions. The NCUA has posted an FAQ about the program.

NCUSIF operating level lowered.

The NCUA Board held an open meeting at the agency’s headquarters on December 13, 2018, and unanimously approved three items:

  • Lowering the normal operating level of the National Credit Union Share Insurance Fund to 1.38 percent from 1.39 percent.
  • Posting the final report of the agency’s Regulatory Reform Task Force in the Federal Register, following a briefing by the Office of the General Counsel.
  • A final rule making technical amendments to agency regulations to correct minor drafting errors and rescind certain unnecessary provisions.

NCUA will return to its former practice of conducting rolling three-year reviews and will post updates to its Web site every six months, following one recommendation from the task force. Here is more information and related links.

in Compliance & Regulatory News