ALEXANDRIA, Va.—NCUA has a packed agenda for this Thursday’s board meeting, including proposing a risk-based net worth rule to raise the asset threshold for defining a credit union as complex.
The board will also hear a briefing on the Consolidated Appropriations Act of 2021.
As CUToday.info reported earlier, the board meeting was scheduled for the second week of January rather than the traditional third week because President-Elect Joe Biden will be sworn into office on Jan. 20 and is expected to elevate Board Member Todd Harper to chairman. While Harper will be the lone Democrat on the three-member board, the chairman does control the meeting agenda
Other agenda items for this week’s meeting include:
- Board briefing, ACCESS Initiative
- Proposed rule, Part 712, Credit Union Service Organizations
- Board briefing, final rule, Part 747, statutory inflation adjustment of civil monetary penalties
- Final rule, Part 704, corporate credit unions
- Notice of proposed rulemaking, Parts 700, 701, 703, 704 and 713, CAMELS rating system
- NCUA’s 2021 Annual Performance Plan
- Advance notice of proposed rulemaking, Part 702, simplification of risk-based capital requirements
The meeting is scheduled to begin at 10 a.m. ET, and will be livestreamed on NCUA.gov. CUToday.info will provide complete coverage.