Data collection on NCUA agenda

ALEXANDRIA, Va. (5/16/08) The National Credit Union Administration's (NCUA's) Outreach Task Force (OTF) recommendation on data collection on credit union membership profiles is among the items on the agency's open board meeting agenda for May 22.

The issue of credit union senior executive compensation is not on the agenda as had been previously reported by News Now. However, other aspects of the task force report, including executive compensation, could be discussed.

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 agenda:

• Board Briefing: Proposed Rule - Part 706 of NCUA's Rules and Regulations, Unfair or Deceptive Acts or Practices;
• Proposed Rule: Part 701 of NCUA's Rules and Regulations, Interpretive Ruling and Policy Statement (IRPS) 08-2, Criteria to approve service to underserved areas; and;
• Proposed Rule: Part 721 of NCUA's Rules and Regulations, Incidental Powers.

Mary Dunn, deputy general counsel of the Credit Union National Association (CUNA), said Friday that CUNA will be closely scrutinizing NCUA's proposed action on underserved areas.