Prudent NCUA regulation of NCUSIF NOL necessary to protect credit unions

Published by: Emily Leite

July 28, 2021 | Regulatory

The League knows how important predictive regulatory oversight is to your credit union’s portfolio and risk management strategies, so we relentlessly advocate for a consistent operating environment to empower all Ohio credit unions to thrive in prosperous times and weather economic downturns. That is why we recently provided comments to the National Credit Union Administration (NCUA) on policies impacting the performance of the National Credit Union Share Insurance Fund (NCUSIF) and Normal Operating Level (NOL) expectations. To best empower the credit union operating environment during good times and bad, the NCUA should avoid statutory changes to NCUSIF performance and revert the NOL to its pre-2017 level of 1.30% now that the corporate credit union resolution is winding down. With no measurable threat to the share insurance fund’s financial soundness and the fleeting nature of the current economic dynamics brought by the COVID-19 pandemic, the League joins CUNA in urging prudent NCUA regulation of the share insurance fund management and performance. We will continue working with the NCUA and Congress to preserve optimal current safety and soundness benchmarks so your credit union can continue focusing on serving its members in the best way possible.

Read the League’s NCUSIF performance and NOL policy comment letter and connect with Chief Advocacy Officer Emily Leite for any questions or concerns regarding share insurance fund changes.

Contact Emily Leite for questions or assistance.

Emily Leite
Emily Leite Chief Advocacy Officer E:
Contact Us

Other Movement News

Government Affairs

A PZC update is a “win, win”

Updating your Project Zip Code (PZC) numbers for events such as Hike the Hill, virtual legislative meetings, and roundtables gives the League vital information when meeting with political leadership. This […]

“Eggs & Regs” bringing credit union leaders together

As the old saying goes, “the best way to a credit union leader’s heart is through their stomach.” Thus, while you look for ways to improve and expand the services, […]
Member Benefits

In-person BSA training coming soon to regional locations

Go ahead. Cross Bank Secrecy Act (BSA) training requirements off your 2022 to-do list. We are collaborating with industry experts at ViClarity to provide two regional in-person trainings coming this […]