NCUA to Launch Alternating Exam Pilot Program
Friday, December 21, 2018 8:00 AM

On January 1, 2019, the 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.

Source:  NCUA