ALEXANDRIA, Va.–The NCUA board held a closed board meeting on Thursday on which there were two items on the agenda. The agency did not hold its standard open board meeting.
According to the agency, during the closed board meeting the board addressed a “supervisory matter involving a federally insured credit union, and a personnel matter involving NCUA staff.
With the latter item, NCUA did not say if it was related to a recent Inspector General’s report related to drinking, drug use and trips to strip clubs by two members of its General Counsel staff, as reported here.
FAQs Available
Earlier this week, the agency published Frequently Asked Questions Regarding COVID-19, NCUA and Credit Union Operations. Among the issues addressed:
• The delay in FCU annual meetings due to the coronavirus
• How to handle board members’ tenure if the annual meeting is delayed
• Holding board meetings via phone or videoconference
• The closure of offices
• Examinations and supervisory activities (which will be off-site through at least through March 30)
• A clarification of permissible technology related to the sharing of exam documents
• Late filings of call reports
• The Central Liquidity Facility
• Evaluation of liquidity plans and the potential for accessing the Fed’s discount window