In its annual report, the National Credit Union Association identified priorities for 2023 and reviewed agency activities from 2022.
News & Insights
The National Credit Union Administration ("NCUA") raised the threshold for assigning supervision over federally insured credit unions to the Office of National Examinations and Supervision.
Comments on a National Credit Union Administration Board proposal to revise asset thresholds for determining appropriate supervision over credit unions are due by May 2, 2022.
At a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, regulators from the National Credit Union Administration, the FDIC and the OCC testified on current agency priorities and challenges.
Legislators questioned prudential regulators on (i) diversity in banking, (ii) the regulatory response to the COVID-19 pandemic, and (iii) the changing regulatory landscape due to climate change, cybersecurity, and digitization.