Comments on Proposed New Data Collection Format due Jan. 2, 2018
The NCUA is seeking comments from stakeholders on its plans to modernize the formats for loan, deposit and investment data collected electronically during examinations. This proposal is part of the agency’s Enterprise Solution Modernization Program and is expected to provide benefits to the agency and to credit unions, including a more consistent examination process, more efficient use of examiner time and reduced burdens on credit unions.
MoreOutlook for Economy Looks Strong for the Rest of 2017
The financial health of credit unions depends on the financial health of their members. And the financial health of credit union members depends in large part on how the overall economy and individual local economies are faring. Through the middle of 2017, the overall economy performed well, though there have been a variety of serious localized challenges.
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Launching a New Office to Help You Grow
In the latest issue of The NCUA Report, Martha Ninichuk, director of our new Office of Credit Union Resources and Expansion, outlines the goals and structure of this office, which will begin operations on Jan. 1, 2018.
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NCUA Awards $536,000 in Grants to Help Credit Unions Reach Underserved Members
Twenty-three federally insured, low-income credit unions in 17 states have been awarded $536,000 in grants to support outreach to underserved members, the NCUA announced today. The grants, funded by the Community Development Revolving Loan Fund, will help these credit unions provide financial literacy coaching for members in low-income communities and enhance economic opportunities in underserved communities.
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Detecting and Preventing Ransomware Starts with Four Key Steps
With the proliferation of the internet, ransomware has expanded. However, the method of infection today remains the same as it did in the original AIDS Trojan of the late 1980s. What hasn’t changed, though, is that it is still possible to detect and prevent an attack using the following methods.
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