NCUA provides guidance on fixed-asset rule, now in effect

first_imgThe National Credit Union’s (NCUA’s) fixed-assets final rule is effective as of Oct. 2, and the agency has provided several pieces of guidance for credit unions. In a supervisory letter (SL-15-03), the NCUA’s Office of Examination and Insurance provides information for agency field staff, while a letter to credit unions (15-CU-06) provides information on examination priorities.The fixed-assets rule was finalized by the NCUA in July. It removed the 5% cap on fixed assets and established a six-year time period of partial occupancy of premises. CUNA generally supported the proposal, but urged the NCUA to provide guidance.The final rule also eliminated existing and pending waivers of the 5% limit on fixed assets. Waivers associated with other parts of the rule, such as the occupancy requirements, remain in effect.According to its letter to federally insured credit unions, examiners will no longer focus on fixed assets, unless any of the following conditions occur: continue reading » 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more


Church hosts day of celebration ahead of Christmas

first_imgJOHNSON CITY (WBNG) – Two Rivers Church was in the full swing of holiday celebrations on Sunday as hundreds gathered to worship and enjoy the countdown to Christmas. Two Rivers Church will have a Christmas Eve service at 5 p.m. for those wishing to attend. The church says all are welcome. “Just really fun to sing with everybody and just worship. It was just a celebration there today and it was a really good time,” Snider said. “It’s really not about the gift of presents, so much as the gift of presence [of Christ].” Amidst all of the holiday mayhem, Snider was thankful for being able to enjoy a day of celebration with his community. A similar celebratory event was also held at the church’s other locations in Corning, Cortland and Ithaca. “We just love celebrating with our community,” Snider said. “It’s just an honor and a pleasure to host everyone here today.” Binghamton community pastor John Snider told 12 News between 500 and 600 people came to the church, taking part in a hot cocoa bar, cookie decorating, pictures with Santa Claus, hay rides, and worship.last_img read more


WEST DONEGAL VILLAGE SEES THE LIGHT AFTER ESB FAULT

first_imgLoughanure village has had its power restored this evening following an electricity blackout.Part of the village was plunged into darkness just after 8pm and then the entire village was in the dark. It is understood there was a main line fault in the village and several ESB crews worked on poles at the crossroads trying to resolve the issue.The power was eventually returned just after 11pm.WEST DONEGAL VILLAGE SEES THE LIGHT AFTER ESB FAULT was last modified: January 29th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:ESBfaultLoughanurelast_img read more