NCUA Board Meeting. During its November meeting, the National Credit Union Administration (NCUA) Board unanimously approved: 1) a final interpretative ruling and policy statement (IRPS) regarding exceptions to employment restrictions under Section 205(d) of the Federal Credit Union Act; and 2) A proposed rule regarding residential real estate appraisals. Consistent with the standards adopted by the other federal banking agencies, the NCUA proposal would raise the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000. A summary and analysis of the proposed rule is available for NAFCU members here. In addition, the board was briefed on the performance of the National Credit Union Share Insurance Fund.
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