ALEXANDRIA, Va. (3/12/12)—Technical changes and the agency's diversity and inclusion strategic plan will lead the day at the National Credit Union Administration's (NCUA) March 15 open board meeting.
The technical changes will be addressed in a final rule on Parts 701, 760 and 790 of the NCUA's Rules and Regulations. Part 701 of NCUA regulations addresses federal credit union organization and operations, and Part 760 applies to loans in special flood hazard areas. Part 790 covers requests for NCUA action.
The agenda did not give many details on the diversity and inclusion plan discussion, but the NCUA in its strategic plan for the years 2011-2016 highlighted increased diversity as one of many goals it hoped to address. The agency earlier this year established the Office of Minority and Women Inclusion, an office that will, among other things, address issues related to diversity in management, employment, and business activities.
Quarterly reports on the status of the National Credit Union Share Insurance Fund and the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) will also be presented during the meeting. The agency last year said it would scale back the once-per-month reports to a quarterly basis, citing the increasing stability of the credit union system.
This will be the second NCUA open board meeting of 2012. The agency cancelled its February board meeting.
A creditor claim appeal and supervisory activities are on the closed board meeting agenda. The closed meeting will follow the open board meeting, which is scheduled to begin at 10:00 a.m. ET.