ALEXANDRIA, Va.—During its open board meeting this week on Thursday, NCUA will vote on a proposed rule involving capitalization of interest.
Both CUNA and NAFCU have asked the agency to permit credit unions to capitalize interest on consumer mortgage loans in connection with loan modifications made during the pandemic.
The meeting will also include a 2020 budget update and reprogramming, a briefing on the state of diversity in the credit union industry, including the 2019 Credit Diversity Self-Assessment, and quarterly report on the National Credit Union Share Insurance Fund.
The meeting will be conducted via live audio stream starting at 10 a.m. ET. CUToday.info will provide complete coverage.