NCUA board votes to delay risk-based capital rule, approves 2020-2021 budget
A divided NCUA board of directors yesterday voted to approve the agency’s risk-based capital delay. The final rule delay’s the agency’s risk-based capital requirements until 2022.
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Webinar on NCUA bylaws available on demand
Earlier this week, New York Credit Union Association Compliance Director Linda Bow hosted a complimentary webinar for member credit unions to discuss and explain NCUA’s final rule on federal credit union bylaws. A recorded version of the webinar is now available on-demand.
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Gov. Cuomo signs law granting CUs access to Banking Development District Program
Gov. Andrew Cuomo last night signed into law legislation that will allow credit unions to participate in the state Banking Development District Program. The legislation, S.727-A/A.3320 passed both houses of the Legislature earlier this year with bipartisan support, and the New York Credit Union Association strongly supported its passage.
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