ALEXANDRIA, Va. (12/15/11)--Loan participation issues and credit unions' access to liquidity will lead the agenda when the National Credit Union Administration (NCUA) holds its December monthly board meeting today.
NCUA Chairman Debbie Matz earlier this year said the agency would develop a new loan participation protection rule covering both originators and buyers to require originators to retain some of the original loan risk on their balance sheets, and require buyers to do more due diligence.
Regulatory Flexibility, the final version of a proposed NCUA corporate credit union proposal, the NCUA's strategic plan for the years 2011 through 2014, the 2012 Annual Performance Budget, the 2012 Budget for NCUA Guaranteed Note Securities Management and Oversight, and National Security Delegations of Authority are also on the agenda.
The NCUA will also respond to Virginia-based Henrico FCU's request to expand its community charter during the meeting, and the monthly insurance fund report will also be presented during the open portion of the board meeting.
For the full NCUA agenda, use the resource link.