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.
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.
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.