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Dec 12, 2011

December NCUA Board Meeting

Written by Steve Van Beek

The NCUA Board meets Thursday, December 15 and they will have a full slate of items to consider.  

Here is from NCUA's meeting notice:

MATTERS TO BE CONSIDERED:
  1. ​Final Rule – Part 704 of NCUA’s Rules and Regulations, Corporate Credit Unions.
  2. NCUA Strategic Plan 2011-2014.
  3. NCUA Annual Performance Budget 2012.
  4. National Security Delegations of Authority.
  5. Request from Henrico Federal Credit Union to Expand its Community Charter.
  6. Proposed Rule – Parts 701, 703 and 742 of NCUA’s Rules and Regulations, Reg Flex Relief.
  7. Proposed Rule – Parts 701 and 741 of NCUA’s Rules and Regulations, Loan Participations.
  8. Advance Notice of Proposed Rulemaking, Part 741 of NCUA’s Rules and Regulations, Maintaining Access to Emergency Liquidity.
  9. 2012 Budget for NCUA Guaranteed Note Securities Management and Oversight.
  10. Insurance Fund Report.

Of particular importance on the compliance side are Numbers 6 and 7.  The proposed rule on Reg Flex Relief is expected to extend the Reg Flex provisions of Part 742 to all credit unions.

The proposed rule on Loan Participations will also be a rule worth monitoring.  If your credit union currently does participation loans (or is looking at the idea), be sure to keep this rule on your radar and look for the NAFCU Regulatory Alert after the proposed rule is published.  

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