Tag Archives: credit unions

NCUA Board Reduces CU Exam Frequency

The National Credit Union Administration announced today that it will eliminate the annual examination requirement for federal and federally insured state chartered credit unions.

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Rep. King Calls for Update of GAO Credit Union Study

Rep. Steve King (R-Iowa) today wrote to House Ways and Means Committee Chairman Kevin Brady (R-Texas) urging Congress to update a previous Government Accountability Office study on the tax-exempt status and membership practices of credit unions.

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Obama Nominates Herrera to NCUA Board

President Obama yesterday named John Herrera to a vacant seat on the National Credit Union Administration board. Herrera is currently an executive at a community development financial institution.

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ABA: NCUA Rule Would Foster Speculative Real Estate Investments

ABA today urged the National Credit Union Administration to withdraw a proposed rule that would give federal credit unions greater incentives to spend depositors’ money on acquiring commercial real estate for leasing and on speculative real estate investments -- all while taking commercial properties off of local tax rolls.

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Hensarling Previews Regulatory Reform Plan

Speaking today at ABA’s Government Relations Summit, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) offered a preview of a financial regulatory reform plan that he expects to unveil soon.

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