InfoSight Spotlight: Loan channel – allowance for loan and lease losses

The allowance for loan and lease losses (ALLL), sometimes referred to as the loan-loss reserve, is a general reserve account maintained by the credit union to absorb loan losses. A combination of unexpected events or problem borrowers disrupts even the most reliable credit union’s plans, and the result is some amount of loss. To absorb […]

Final rule provides greater transparency in voluntary mergers

Members of a federally insured credit union seeking a voluntary merger will be better-informed about that merger and have more time to consider their votes under a final rule (Parts 701, 708a, and 708b) approved by the NCUA Board in a recent meeting. The final rule will apply to all federally insured credit unions and […]

InfoSight Spotlight: Reg CC changes became effective July 1

New warranty and indemnity rights, liabilities and obligations to Regulation CC could impose greater risks for credit unions. The final rule creates a new Remote Deposit Capture Indemnity in Section 229.34(f) to address the allocation of liability when a depositary institution, such as a credit union accepts deposit of a check through “remote deposit capture.” […]

NCUA hosts share insurance webinars

Share insurance is a fundamental part of the nation’s credit union system, and credit union professionals can learn more about how it works on two upcoming webinars hosted by the National Credit Union Administration. The first, “Looking for a CURE for Share Insurance? – Part One,” is scheduled for July 18, beginning at 2 p.m. […]

JMFA examines overdraft solutions in CUs

Cheryl Lawson, executive vice president, compliance review, for John M. Floyd & Associates looks at the important question, “Is your ovedraft solution a disclosed service or a hidden fee?” In the Federal Reserve’s fifth annual Report on the Economic Well-Being of U.S. Households,  released in early May, the number of Americans who say they are managing […]