WASHINGTON—Comments on several proposals of interest to credit unions are due this month.
Among the biggest issues of interest to credit unions is NCUA’s request for comment on its Normal Operating Level (NOL) policy, on which CUNA noted it has prepared a summary. The NOL is the desired equity ratio for the National Credit Union Share Insurance Fund.
NCUA adopted a policy for setting the NOL in 2017 that established a periodic review of the equity needs of the NCUSIF.
The board sets it at between 1.20% and 1.50%, with the equity ratio most recently standing at 1.22%, according the the agency.
Comments are due to NCUA by July 26.
CUNA noted that other comments due in July include:
- July 12: Federal Reserve board request for comment on proposed account access guidelines to evaluate requests for accounts and services at Federal Reserve Banks
- July 16: NACHA request for information on whether a proposal should be developed to adjust the allocation of risk when receiving depository financial institutions funds from Automated Clearing House (ACH) credits