Removing Barriers Blog

NCUA’s Next Board Meeting to Feature Final Nonmember Shares Rule Among Others
Posted October 18, 2019 by CUNA Advocacy

The NCUA Board released their agenda for their October 24th meeting that indicate they will vote on a final public unit and non-member shares rule, and issue a notice of public rulemaking on chartering and field of membership. 

CUNA has previously supported NCUA’s nonmember shares proposed rule, which would replace the current nonmember deposit limit of the greater of 20% of total shares or $3 million with a limit of 50% of the difference of paid-in and unimpaired capital and surplus, less any public unit and nonmember share.

Any questions regarding the NCUA's Board decisions can be directed to Luke Martone