Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Corp CU town-hall meetings to continue in Jan. Feb.
ALEXANDRIA, Va. (11/20/09)—The reform plan for corporate credit union regulation has been unveiled and the National Credit Union Administration (NCUA) intends to continue its town-hall style approach to garnering comment from stakeholders. NCUA documents said that during the 90-day comment period on the proposed rule to adjust the current corporate regulatory scheme there will be two more Town Hall meetings and another webinar on the issues involved. While drafting the plan that was proposed by the agency at last Thursday’s open board meeting, the NCUA hosted a series of Town Hall meetings to elicit comment. The agency received around 500 comments during that period. The proposed rule, which would amend Part 704 of the NCUA's rules, would adjust the current corporate capital requirements by replacing the current 4% minimum total capital ratio with a 4% minimum leverage ratio, a 4% tier one risk-based capital ratio, and an 8% total risk-based capital ratio. Among other things, it also would prevent corporate credit unions from investing in collateralized debt obligations and net interest margin securities, and would make A- the lowest rating at which corporate credit unions with expanded investment authority may purchase nationally recognized statistical rating organization-rated investments. News Now will carry further details on the NCUA’s meetings and webinar as they become available. The proposed rule can be accessed via the resource link below.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago