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So far jbarbu has created 19 blog entries.

Real Estate Appraisal Waiver for Credit Unions Affected by Severe Storms and Flooding in Florida, Georgia, Puerto Rico, Texas, and U.S. Virgin Islands

Letter to Credit Unions 17-CU-06, NCUA DATE: October 2017 TO: Federally Insured Credit Unions SUBJ: Real Estate Appraisal Waiver for Credit Unions Affected by Severe Storms and Flooding in Florida, Georgia, Puerto Rico, Texas, and U.S. Virgin Islands Dear Board of Directors and Chief Executive Officer: On October 17, 2017, the NCUA, along with other [...]

Real Estate Appraisal Waiver for Credit Unions Affected by Severe Storms and Flooding in Florida, Georgia, Puerto Rico, Texas, and U.S. Virgin Islands2018-02-01T15:25:48+00:00

FAQs on the New Accounting Standard on Financial Instruments – Credit Losses

Letter to Credit Unions 17-CU-05, NCUA DATE: September 2017 TO: Federally Insured Credit Unions SUBJ: Joint Statement – Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses ENCL:​(1)​Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses   Dear Board of Directors and Chief Executive Officer: [...]

FAQs on the New Accounting Standard on Financial Instruments – Credit Losses2018-02-01T14:35:55+00:00

Joint Statement – Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses

Letter to Credit Unions 17-CU-05, NCUA DATE: September 2017 TO: Federally Insured Credit Unions SUBJ: Joint Statement – Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses ENCL:​​ Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses   Dear Board of Directors and Chief Executive [...]

Joint Statement – Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses2017-10-21T20:09:39+00:00

FFIEC Uniform HMDA Resubmission Guidelines

Letter to Credit Unions 17-CU-04, NCUA DATE: August 2017 TO: Federally Insured Credit Unions SUBJ: FFIEC Uniform HMDA Resubmission Guidelines ENCL:​(1) ​​FFIEC HMDA Examiner Transaction Testing Guidelines​   Dear Board of Directors and Chief Executive Officer: Starting January 1, 2018, the NCUA will implement new examiner transaction testing guidelines for Home Mortgage Disclosure Act (HMDA) [...]

FFIEC Uniform HMDA Resubmission Guidelines2018-02-01T14:34:33+00:00

Prepaid Rule Implementation Delay

Letter to Credit Unions 17-CU-03, NCUA DATE: April 2017 TO: Federally Insured Credit Unions SUBJ: Prepaid Rule Implementation Delay ENCL: CFPB Final Rule   Dear Board of Directors and Chief Executive Officer:  Last October, the Consumer Financial Protection Bureau issued the final prepaid rule amending Regulations E and Z to create comprehensive consumer protections for prepaid [...]

Prepaid Rule Implementation Delay2017-05-08T13:26:30+00:00

Risk-Focused Examinations and Compliance Risk

Letter to Credit Unions 17-CU-02, NCUA DATE: March 2017 TO: Federally Insured Credit Unions SUBJ: Risk-Focused Examinations and Compliance Risk ENCL: (1) ​​Supervisory Letter Evaluating Compliance Risk – Updated Compliance Risk Indicators NCUA developed the enclosed Supervisory Letter to provide examiners with guidance about the updated list of compliance risk indicators that are part of [...]

Risk-Focused Examinations and Compliance Risk2017-05-07T14:45:10+00:00

News Blast – CECL

-CECL HAS FINALLY ARRIVED- Accounting Standards Update (ASU) No. 2016- 13, Financial Instruments– Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Overview As you have probably heard, after many delays, the Financial Accounting Standards Board (FASB) finally issued a new standard for measuring credit losses on financial instruments. Although many efforts were [...]

News Blast – CECL2017-05-07T14:42:10+00:00

Mergers for Beginners

Running a credit union is much like playing a game of chess: a series of strategies and moves that, based on an overall plan and skillful execution, results in a successful endgame. For chess players, the endgame is a checkmate of the opponents’ King. For credit unions, the ultimate endgame is a thriving cooperative that [...]

Mergers for Beginners2017-04-07T14:40:38+00:00

Supervisory Priorities

Letter to Credit Unions 17-CU-01, NCUA DATE: January 2017 TO: Federally Insured Credit Unions SUBJ: Supervisory Priorities 2017 Dear Board of Directors and Chief Executive Officer: This letter is intended to assist you in preparing for your next NCUA examination. NCUA field staff will continue to use the streamlined small credit union exam program procedures [...]

Supervisory Priorities2017-05-07T14:40:51+00:00