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News Now

Washington
Data collection on Thursday NCUA agenda
ALEXANDRIA, Va. (5/19/08)--The National Credit Union Administration’s (NCUA’s) has four items on its open meeting agenda this week, including an Outreach Task Force (OTF) recommendation on data collection on credit union membership profiles and possible changes to criteria used to approve service to underserved areas. Mary Dunn, deputy general counsel of the Credit Union National Association (CUNA), said Friday that CUNA feels strongly that such initiatives should not be undertaken during the current economic environment and that if NCUA does proceed, data collection is a matter that credit unions should be allowed to comment on. “We will be closely scrutinizing how NCUA handles this matter as well as NCUA’s proposed action on underserved areas.” Dunn said. Other aspects of the task force report, including executive compensation, could be discussed during the meeting Thursday. At its April open meeting, the NCUA board proposed action on the first of the recommendations of its OTF, which was to change the agency’s low-income designation to consider different income patterns in metropolitan area. Also on the May 22 agenda:
* Board Briefing: Proposed Rule - Part 706 of NCUA’s Rules and Regulations, Unfair or Deceptive Acts or Practices; and * Proposed Rule: Part 721 of NCUA’s Rules and Regulations, Incidental Powers.


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