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News Now

Washington
RegFlex merger registry are focus of NCUA meeting
ALEXANDRIA, Va. (10/21/10)—The National Credit Union Administration (NCUA) will follow up on its recent interim final rules on regulatory flexibility (RegFlex) and fixed assets during its monthly meeting, set for later today. The NCUA will also release its national merger registry, which would provide the names of potential credit union merger partners, during the meeting, and will discuss an interim final rule that addresses the low risk asset definition in Section 702 during the meeting. Briefings on the NCUA’s credit union insurance fund and the agency’s recent pro-credit union publicity blitz will also take place. The merger recommendations were developed by CUNA's Mergers Task Force and presented to NCUA in the Task Force's May report. CUNA has encouraged the NCUA to address due diligence and loss-sharing incentives as it develops its approach to the merger process and asked the agency to revise or to simply not adopt proposed changes to its RegFlex program.


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