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ALEXANDRIA, Va.–During a briefing hosted by NCUA related to its 2021 and 2022 budgets, the agency heard questions raised over why its budget continues to increase at a time when the number of CUs is decreasing, concerns state charters are bearing an “inordinate” level of costs related to supervision, and pushback against plans for exams over compliance with consumer protection laws.

WASHINGTON–The Senate has approved by a 56-39 vote the nomination of Kyle Hauptman to serve on the NCUA board.

WASHINGTON–Both credit union trade groups have been actively working Congress on the National Defense Authorization Act (NDAA), the annual defense bill of nearly $1 trillion in military spending, to ensure a provision providing banks with access to military bases is removed. But those efforts may become moot as President Trump is threatening to veto the bill.

WASHINGTON–The nation’s federally insured banks reported profitability improved during the third quarter when compared to the first half of 2020, even as the combined net interest margin fell to a record low, according to data released by the FDIC.

ARLINGTON, Va.—The median length of NCUA exams increased to 14 days – potentially due to coronavirus-related disruption to operations or the piloting of the agency’s new Modern Exam and Risk Identification Tool (MERIT), a new analysis reveals.