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News
- League Staff Testifies on 2 Bills Designed to Combat Elder Financial Abuse
January 23, 2024League staff testified this week in support of two bills before the General Assembly that would allow for "trusted contacts" to be added to banking accounts to assist financial institutions in combating the abuse and exploitation of elderly and vulnerable adults.
- NCUA Releases Supervisory Priorities for 2024
January 22, 2024NCUA has released its supervisory priorities and other updates to the agency’s 2024 examination program. The agency says it is focused on the areas posing the highest risk to credit union members, the credit union industry, and the National Credit Union Share Insurance Fund (Share Insurance Fund).
- NCUA Sets Operating Fee Schedule for 2024
January 19, 2024The NCUA Board unanimously approved the agency’s 2024 operating and capital budgets at its December 2023 meeting. As a result of that decision and other factors, federal credit union operating fees will increase by an average of approximately 16.36 percent in 2024. Additionally, the operating fee exemption threshold was increased from $1 million to $2 million. Federal credit unions with a four-quarter average of $2 million or less in total assets are exempt from the operating fee.