ALEXANDRIA, Va.–NCUA has released the list of rules and regulations that will be up for review during 2019. The agency has identified 35 different rules to receive
scrutiny as part of its annual “regulatory review.”
As CUToday.info has reported previously, NCUA annually conducts a “rolling review” of one-third of its rules each year. There is a June 1 deadline for comment.
The list of regulations being reviewed in 2019 include:
- Federal Credit Union (FCU) chartering, field of membership modifications, and conversions
- FCU bylaws
- Change in official or senior executive officer in credit unions that are newly chartered or are in troubled condition
- Designation of low-income status and acceptance of secondary capital
- Reimbursement, insurance, and indemnification of officials and employees
- Capital adequacy
- Corporate credit unions
- Bank conversions and mergers
- Mergers of federally-insured credit unions; voluntary termination or conversion of insured status
- Credit union service contracts