ALEXANDRIA, Va.– The video recording of the Nov. 16, 2017, open meeting of the National Credit Union Administration board is now available on the agency’s website.
Archived videos of past board meetings may be viewed here, and each video remains on the site for one year.
At the November open meeting, the board unanimously approved three items:
- Operating, capital, and Share Insurance Fund budgets for 2018 and 2019 to fund the agency’s essential activities and strategic priorities
- A new methodology for calculating the overhead transfer rate that simplifies the calculation and reduces administrative resource needs, with a Federal Register notice for posting
- A final rule making amendments to agency regulations governing corporate credit unions that revises provisions regarding retained earnings and Tier 1 capital
CFO Rendell Jones also briefed the board on the performance of the National Credit Union Share Insurance Fund, which posted a net loss for the third quarter due to increased provisions for insurance losses.
NCUA said in a statement it posts these videos as part of the agency’s ongoing efforts to provide transparency and to allow those unable to attend board meetings the opportunity to become better informed.