News & Analysis as of

Credit Unions FICU

Orrick, Herrington & Sutcliffe LLP

NCUA annual report to Congress covers cybersecurity

On June 28, the NCUA released its annual report on cybersecurity and credit union system resilience to the House and Senate banking committees. The report outlines measures the agency has taken to strengthen cybersecurity...more

Lewis Roca

NCUA Approves 72-Hour Breach Notification Rule

Lewis Roca on

The National Credit Union Administration (NCUA) approved a final rule that will require any Federally-Insured Credit Union (FICU)—including federally charted corporate credit unions and federally insured state-chartered...more

Orrick, Herrington & Sutcliffe LLP

NCUA approves final cyber incident reporting rule

On February 16, the NCUA approved a final rule that requires federally-insured credit unions (FICUs) to notify the agency as soon as possible (and no later than 72 hours) after a FICU “reasonably believes that a reportable...more

Womble Bond Dickinson

NCUA Requests Public Comment on Use of Alternative Capital for Credit Unions

Womble Bond Dickinson on

The National Credit Union Administration (“NCUA”) has issued an Advanced Notice of Proposed Rulemaking (the “Rulemaking”) addressing the use of alternative capital for federally insured credit unions (“FICUs”)....more

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