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Washington
NCUSIF signage FOIA requests on todays NCUA agenda
WASHINGTON (9/25/08)—The National Credit Union Administration (NCUA) is scheduled to consider at its open board meeting today one final rule addressing requirements for use of the official insurance sign in advertising and another other intended to streamline the agency's system for complying with freedom of information and privacy laws. It will be the first open session since Michael Fryzel became chairman of the agency in late July. Historically, the NCUA suspends open board meetings for the month of August. The Freedom of Information Act and Privacy Act proposal slated for final consideration combines both housekeeping and substantive changes. It incorporates recent amendments to the Freedom of Information Act, adds definitions, and revises and clarifies provisions implementing the Privacy Act. The other item up for a vote--the NCUA proposed revisions to requirements for use of the official insurance sign and official advertising statement--would permit insured credit unions to use the basic form of the official advertising statement, a shortened form, or the official sign in advertisements. The rule, if adopted, is expected to give credit unions added flexibility in advertisements. The final item on the agenda is a proposal to address Part 742 of NCUA's Rules and Regulations, involving its Regulatory Flexibility Program. Use the resource link below to access the NCUA website.
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