News & Insight

Purvis to Senate Banking: Small lenders must retain access to secondary housing market

Friday, July 21, 2017

Preserving equitable pricing and retaining access to the secondary mortgage market for small lenders must be incorporated into any new housing finance system, NAFCU witness Chuck Purvis, president and CEO of Coastal Federal Credit Union in Raleigh, N.C., told the Senate Banking Committee Thursday.

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Comments sought on NCUSIF equity distribution rule

Friday, July 21, 2017

A proposed rule on the way equity distributions from the National Credit Union Share Insurance Fund are calculated and paid is out for comment until Sept. 5.

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Article: How Secure Is Your Credit Union?

Friday, July 21, 2017

How secure is your credit union? It may be tempting to gaze upon your credit union’s many security cameras, vestibule locks and risk-management policies, and think, “Pretty secure.” But the news is full of stories of break-ins, kidnappings, robberies and skimming issues at credit unions whose managers likely thought the same thing.

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BSA Article: Deutsche Bank's Ongoing Fine Blues

Friday, July 21, 2017

On May 30, 2017, the Board of Governors of the Federal Reserve System (Fed) announced a $41 million civil money penalty and consent cease and desist order against the New York, New York, affiliated branch operations of Deutsche Bank AG (Deutsche Bank) for "unsafe and unsound" practices concerning its anti-money laundering program. (Member-only article)

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Issues & Regulations

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Share Insurance Fund Premium, Refunds from the Corporate Stabilization Fund and NCUA budget transparency

NCUA Money Watch

Your members' money exclusively funds the operations of NCUA, and because every single dollar counts, NAFCU holds the NCUA to the highest standards when it comes to managing the National Credit Union Share Insurance Fund (NCUSIF), refunds from the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and the agency's operating budget. Stay updated on these issues and our advocacy efforts on your behalf.

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Final Regulation on Member Business Lending

Member Business Lending

On February 19, 2016, the NCUA Board unanimously approved a final member business lending rule that amends Part 723 of NCUA's Rules and Regulations regarding the ability of federally-insured credit unions to make Member Business Loans (MBLs). Download NAFCU's Final Regulation summary and full rule text.

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