Removing Barriers Blog

NCUA December Board Meeting Agenda
Posted December 07, 2017 by CUNA Advocacy

On Thursday, December 14, the National Credit Union Administration (NCUA) Board will meet in open session to finalize proposed rules on emergency mergers and agency reorganization. While supportive of earlier authority for the agency to engage an under-capitalized credit union, CUNA maintained objection to any regime that would result in rigid guidelines forcing credit union mergers.  

Oversight of chartering credit unions will transfer from the Office of Consumer Financial Protection and Access to the Office of Credit Union Resources and Expansion (CURE), as part of the agency’s Examination Modernization Plan.  CURE will oversee credit union development, grants and loans, minority depository institutions, chartering and field of membership.

The meeting will occur at NCUA’s Alexandria, Virginia headquarters at 10:00 a.m.