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Topic: NCUA


  
  FR Doc 06-2754
On those bases, NCUA believes it may be appropriate to extend full coverage to all participants in an employee benefit plan if a plan trustee or the employer sponsoring the plan is a member or if some percentage of plan participants are members, for example, 25%.
NCUA's Office of General Counsel (OGC) issued a legal opinion concluding that NCUA's insurance rules provide pass-through coverage to a 529 program participant if the participant is a member of the federally insured credit union where the 529 program account is maintained and if the account is properly titled.
NCUA insurance regulations require a participant to be a member of the credit union or otherwise eligible to maintain an insured account in the credit union.
a257.g.akamaitech.net /7/257/2422/01jan20061800/edocket.access.gpo.gov/2006/06-2754.htm   (4442 words)

  
  ICBA - Advocacy - Testimony 107th Congress - NCUA Implementation of the Credit Union Membership Access Act of 1998
The NCUA is required to "prescribe, by regulation, a definition for the term 'well-defined local community, neighborhood, or rural district.'" Previously, NCUA had limited community charters to those within a single, geographically-defined area where residents interact.
The NCUA has established three specific criteria that must be met by an applicant for a community based credit union charter: (1) the geographic boundaries must be clearly defined; (2) evidence must be provided establishing the well-defined community; and (3) the residents must have common interests or interact.
While the NCUA does acknowledge that "a larger population in a large geographic area may not meet NCUA community chartering requirements, and that "the burden of demonstrating interaction and/or common interests will be greater than the evidence necessary for a smaller and less densely populated area, setting the bar at 300,000 is much too high.
www.icba.org /advocacy/testimonydetail.cfm?ItemNumber=2017&sn.ItemNumber=1699   (4815 words)

  
 Doveman Contracts - NCUA
The regional offices report to the NCUA Central Office in Alexandria, VA. The remaining NCUA employees are members of the staff of one of the regional offices, the Asset Liquidation Management Center, ALMC in Austin, TX or the NCUA Central Office.
Every NCUA credit union examiner has been issued a portable notebook computer and printer, and has access to the host via dial up connection, while each member of the NCUA office staff is directly connected to both the host computer and the LAN.
NCUA is in the process of completing the development and deployment of the next generation of the automated system used by NCUA field staff in examining credit unions.
www.doveman.com /ncua.htm   (1763 words)

  
 Comments on the FACT Act Document Disposal Rule Submitted to the National Credit Union Administration
The NCUA should clarify that a "business purpose" is not limited to consumer report information received solely to obtain credit or assess a consumer's continuing eligibility to meet the terms of an existing account.
The NCUA has declined to adopt a prescriptive rule to describe proper methods of disposal or to define what is meant by "proper disposal." The NCUA seeks comment on whether the use of the phrase "proper disposal" is sufficiently clear.
The NCUA should also adopt strict standards so that neither FCUs nor members/customers are left to speculate about what the NCUA considers "proper disposal." As a minimum, the NCUA should be clear that "proper disposal" means a method of disposal that would render the information unreadable and incapable of being reconstructed.
www.privacyrights.org /ar/NCUADocDisposal.htm   (3270 words)

  
 NCUA DROPS OBJECTIONS TO CU CONVERSIONS
NCUA based its refusal to certify the election on the improper folding of the two-sided disclosure documents in ballots mailed to members, prompting Community Credit Union to sue the agency on July 15.
NCUA based its refusal on the improper folding of the two-sided disclosure documents in ballots mailed to members.
NCUA based its denial on the improper folding of the two-sided disclosure documents in two of the first three ballots mailed to members.
www.tnbankers.org /news/05_NCUASettlement.htm   (1288 words)

  
 National Credit Union Administration - About NCUA   (Site not responding. Last check: 2007-11-06)
NCUA, backed of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF) insuring the savings of 80 million account holders in all federal credit unions and many state-chartered credit unions.
Since recapitalization, the NCUA Board has only charged credit unions one premium when the Fund dropped to a 1.23 percent equity level in 1991.
NCUA’s 2006 report to OMB on with the E-Gov Act of 2002, and a copy of OMB Memorandum M-06-25
www.ncua.gov /AboutNCUA   (598 words)

  
 NCUA RELEASES IT SECURITY COMPLIANCE GUIDE
The NCUA expects testing to be done on a regular basis and at a frequency that takes into account the rapid evolution of threats to computer security.
NCUA Rules and Regulations, Part 748, Appendix A, Section II, A and B. Credit unions also may want to consult the FFIEC Agencies’ guidance regarding risk assessments as described in the Information Security Booklet.
Appendix B of Part 748 of the NCUA Rules and Regulations recognizes that member notice may be delayed if an appropriate law enforcement agency determines that notification will interfere with a criminal investigation and provides the credit union with a written request for the delay.
www.mddccua.org /compliance/ncuaitsecurity04012006.htm   (5256 words)

  
 Regulatory Compliance | National Credit Union Administration (NCUA) Guidelines / Regulations | Tripwire Solutions
NCUA regulations are part of the larger Gramm-Leach-Bliley Act (GLBA).
NCUA regulations implement the privacy portions of that act for consumers.
Also known as the Consumer Privacy Act, the NCUA regulations require credit unions to notify customers about their information policies and how they treat customers' nonpublic personal information and personally identifiable financial information.
www.tripwire.com /solutions/regulations/ncua.cfm   (244 words)

  
 StreetWise - About NCUA Insurance   (Site not responding. Last check: 2007-11-06)
If the beneficiaries of a Revocable Trust Account are a spouse, child, grandchild, parent, or sibling of the owner, the funds in the account are separately insured to $100,000 per beneficiary, (in addition to any insurance on valid individual and joint accounts).
NCUA's regulatory changes may allow you to increase the maximum amount of your family's insured funds at DCU.
The NCUA cannot officially sanction and approve the above, because the examples, although generally accurate, are designed to simplify complex legal rules.
www.dcu.org /streetwise/howto/ncua.html   (1002 words)

  
 NTEU Files for the Election for NCUA Employees   (Site not responding. Last check: 2007-11-06)
NTEU President Colleen M. Kelley applauded the determination of NCUA employees to press for a vote on union representation despite a management challenge with the FLRA to the makeup of a potential bargaining unit.
NCUA claimed that some 500 agency employees, mostly credit union examiners, were ineligible to be represented by a union.
NCUA administers the Federal Credit Union Act, which gives it the authority to supervise and regulate federally-insured credit unions, as well as some state-chartered credit unions.
www.nteu.org /ExternalOrganizing/NCUACampaign.aspx   (379 words)

  
 NCUA
Credit unions insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA) are protected by federal deposit insurance.
NCUA is an independent agency of the United States government.
With federal share insurance through NCUA, these types of accounts are insured separately up to $250,000 from other accounts that the member maintains at the same credit union.
www.airforcefcu.com /ncua.htm   (392 words)

  
 9-17-98, NCUA's Attachment #1   (Site not responding. Last check: 2007-11-06)
During March, the NCUA Board approved a plan submitted by the Office of Examination and Insurance and the Regional Directors for a one time adjustment to the safety and soundness examination cycle to provide ability for examiners to continue to devote the planned allocation of time for Year 2000 contacts during 1998.
NCUA has developed a common shared credit union examination system and credit union call report with state credit union regulatory authorities.
NCUA also has participated in over 130 formal training and educational sessions attended by over 8000 credit union officials since January 1, 1998.
financialservices.house.gov /banking/91798na1.htm   (2391 words)

  
 Info: Savings Insured by the NCUA
The National Credit Union Administration (NCUA) is an independant agency of the United States Government.
NCUA regulates, charters, and insures the nation's federal credit unions, including Wescom Credit Union.
Established by Congress in 1970 to insure member share accounts at federally insured credit unions, not one penny of insured savings has ever been lost by a member of a federally insured credit union.
www.wescom.org /accounts/info_ncua.asp   (101 words)

  
 NCUA Insured
Since the scope of this page is limited, credit union members may wish to contact NCUA for greater detail concerning the technical aspects of insurance coverage.
Members or their counsel may also wish to consult the NCUA Rules and Regulations relating to share insurance coverage published in the Code of Federal Regulations (12 C.F.R.745).
Members are advised that no persons may, by representations or interpretations, effect the extent of insurance coverage provided by the Federal Credit Union Act as amended and the rules and regulations for insurance of share accounts.
hutchinsoncreditunion.com /about_hcu/ncua_insured.htm   (383 words)

  
 :: NCUA ::
The National Credit Union Association (NCUA) is a Trade Association for its member Credit Unions and affiliate members located in Victoria, New South Wales, the Northern Territory and Queensland, whose total assets exceed $4billion.It also provides access to a Dispute Resolution Scheme, which has 32 Credit Unions and all 15 Australian Building Societies as participants.
As an industry representative, the NCUA communicates regularly with many major bodies, including the Australian Securities and Investment Commission (ASIC), the Australian Prudential Regulation Authority (APRA), Federal Treasury and key politicians, including ministers, on all matters which have an impact on Credit Unions.
The NCUA ‘sister’ organisation, Indue Ltd, provides commercial and transaction services to numerous financial and other organisations and in particular, Credit Unions which are members of the NCUA.
www.ncua.com.au /home/content.asp?ID=60&pnav=0   (159 words)

  
 NCUA: Welcome to the NCUA Share Insurance Information
NCUA: Welcome to the NCUA Share Insurance Estimator
The National Credit Union Administration (NCUA) is an independent agency of the United States Government.
NCUA regulates, charters, and insures the nation's federal credit unions.
webapps.ncua.gov /ins   (134 words)

  
 NCUA Keeps Taking Giant Steps   (Site not responding. Last check: 2007-11-06)
The National Credit Union Administration ("NCUA") is an agency that never seems to call it quits.
Now NCUA is proposing regulations to implement the expanded membership criteria.
True to form, NCUA did not hold itself to the letter of the law, but took one step beyond - a giant step.
www.bankersonline.com /articles/v03n17/v03n17a4a.html   (180 words)

  
 PWCU Deposit Insurance   (Site not responding. Last check: 2007-11-06)
That is why we combine your federal deposit insurance coverage (NCUA) with excess protection from American Share Insurance (ASI), the nation's largest private deposit insurance.
Your accounts are currently insured to a limit of $100,000 by the National Credit Union Administration (NCUA), an agency of the federal government.
Your shares are insured to $100,000 by the NCUA.
www.publicworkscu.org /insurance.htm   (272 words)

  
 Federal Credit Union Complaints - National Credit Union Administration (NCUA)
As a regulator, NCUA does not own, operate or control credit unions, nor does it establish their operating policies and procedures.
Once NCUA receives your written complaint, it will acknowledge its receipt, log it into NCUA's records and ask the credit union's supervisory committee to conduct an investigation.
NCUA asks the supervisory committee to reply directly to you, or delegate staff to reply, with a copy to NCUA.
www.mortgagesfinancingandcredit.org /mortgages/complaints-regulatory/ncua6.htm   (1122 words)

  
 National Credit Union Administration - Board   (Site not responding. Last check: 2007-11-06)
NCUA has a full-time, three-member board appointed by the President of the United States and confirmed by the Senate.
She was confirmed by the Senate March 22, 2002, and had served as NCUA Board Vice Chair since January 2003.
When nominated to the NCUA Board, she served as Senior Vice President, General Counsel for Empire Corporate Federal Credit Union in Albany, New York.
www.ncua.gov /NCUABoard   (283 words)

  
 National Credit Union Administration (NCUA)
NCUA is an independent financial regulatory agency of the Federal government, responsible for chartering, supervising, examining and insuring Federal credit unions.
NCUA's mission is to make sure that credit unions remain a viable alternative for millions of Americans.
When you join the team of professionals at NCUA, you will become part of a community that is committed to fostering a diverse workforce and is dedicated to investing in our nation's future.
www.jobweb.com /employer/matrix/natlcredit.htm   (367 words)

  
 NCUA
Credit unions insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA) are protected by federal deposit insurance.
NCUA is an independent agency of the United States government.
With federal share insurance through NCUA, these types of accounts are insured separately up to $100,000 from other accounts that the member maintains at the same credit union.
airforcefcu.com /ncua.htm   (321 words)

  
 National Credit Union Administration - Home Page
The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.
Draft Items for the 5/24/2007 NCUA Board Meeting are Available
The Webinar “BSA: A Year in Review and Setting the Table for 2007” is available for viewing
www.ncua.gov   (281 words)

  
 Southeast Corporate -- Consulting Services
NCUA has prepared several Letters to Credit Unions outlining NCUA’s selected aspects of the ACT that NCUA feels are important to credit unions…….
NCUA has prepared a Letter to Credit Unions that outlines selected provisions of the Sarbanes-Oxley Act of 2002 and related sound corporate governance practices for federal credit unions.
Chairman Johnson noted that NCUA’s capital markets and examination and insurance teams continuously watch and analyze economic developments to ensure that the agency is enabling credit unions to take advantage of presented opportunities but in a safe and prudent fashion.
www.secorp.org /consulting   (951 words)

  
 CUNA News Now: CUNA looks beyond NCUA/CCU settlement
As part of the settlement of the case, Richard said, the magistrate judge's recommendation to the federal district court judge, which was critical of NCUA's conversion rules, is likely to be withdrawn.
The agreement involving the NCUA, Community, and OmniAmerican provides that the NCUA will approve the membership votes at both institutions on their proposed conversions.
NCUA Chairman JoAnn Johnson said, when announcing the agency's decision to settle, that even though NCUA believes there are valid objections that could be raised in response to the Report and Reommendation of the court, "we also believe settlement of this lawsuit is the best way to quickly resolve this matter."
www.cuna.org /newsnow/05/wash083105-4.html   (395 words)

  
 BankNet 360 - NCUA Withdraws Approval of Utah FCU Expansion
The decision came as a result of a lawsuit by the American Bankers Association (ABA) against the NCUA that argued the credit union’s membership base would be too large.
The NCUA initially approved the expansion under its policy of allowing all federal credit unions to expand their membership into underserved areas.
A similar lawsuit involving the ABA and NCUA is ongoing in Pennsylvania, and NCUA’s recent decision could have some bearing on it.
www.banknet360.com /news/NewsAbstract.do?na_id=1121   (185 words)

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