ALEXANDRIA, Va.—The NCUA board today will discuss final rules on capital planning and stress testing, and advertising provisions at its open board meeting.
The NCUA's proposed rule on capital planning and supervisory stress testing would allow covered credit unions to conduct their own stress testing and incorporate those results into their capital plan submissions. The current process requires the NCUA to conduct a stress test even if a credit union conducts one of its own.
NCUA's proposed advertising rule would revise outdated provisions and allow credit unions greater flexibility in their advertising requirements.
Federally insured credit unions are required to use the NCUA's "official advertisement statement" when advertising. The proposed rule offered a variant of the official advertising statement – "insured by NCUA" – and would expand a current exemption from the advertising statement requirement regarding radio and television advertisements. It would also eliminate the requirement to include the advertising statement on statements of condition that are legally required to be published.
The board meeting is scheduled for 10 a.m. ET. CUToday.info will provide complete coverage.