ALEXANDRIA, Va.–The NCUA board has approved by a 3-0 vote an operating budget of $344.1 million for 2023 (and a total budget of $360 million) and $387.5 million for 2024.
Fresh Today
ALEXANDRIA, Va.–The Normal Operating Level (NOL) for the National Credit Union Share Insurance Fund (NCUSIF) will remain at 1.33% in 2023, the same level as 2022.
ALEXANDRIA, Va.—The NCUA board will meet today, and most of the attention from credit unions will be on its final plan for its 2023-24 budget.
WASHINGTON—With the NCUA board set to vote today on its 2023-24 operating budget, the FDIC board this week approved a $2.4 billion 2023 operating budget that will be 6.5% higher than what it spent in 2022.
MIDLAND, Mich. – Dow Credit Union has announced a Member Giveback for 2022 of $14 million. The credit union said the funds are to be given back to eligible members in January via rebates and rewards deposited to their savings accounts.
PITTSBURGH–The Twelve Days of Christmas are going to require many more days of work to pay for all of them in 2022.
GLENDALE, Ariz.– Credit Union West is giving all 200 employees a holiday and inflation bonus of up to $1,000 combined.
WASHINGTON–With Congress still considering the Credit Card Competition Act, which would apply routing restrictions to credit card transactions, the Independent Community Bankers of America (ICBA) has released new polling conducted by Morning Consult indicating consumers oppose the policy change.
ALEXANDRIA, Va.–NCUA will host a webinar titled “Q&A on the Credit Union Diversity Self-Assessment” on Jan. 5, 2023.
WASHINGTON—The regulatory burden on credit unions from the CFPB needs to be reduced, according to a new letter to the House Financial Services Committee from NAFCU, which also told Congress the group has some thoughts on some other issues “pertinent to the CFPB.”