ALEXANDRIA, Va.–NCUA has released the December 2015 issue of The NCUA Report is now available online.
The latest issue includes columns from NCUA Board Chairman Debbie Matz, Vice Chairman Rick Metsger and Board Member J. Mark McWatters. Additionally, it contains articles from several NCUA offices on the agency’s initiatives and information on supervisory, regulatory and compliance issues that are important to all federally insured credit unions.
Articles in the most recent edition include:
- Proposed Rule on Field of Membership Offers Regulatory Relief, Growth Opportunities
- Chairman’s Corner: Future of Credit Unions Depends on Viable Membership Fields
- Vice Chairman Metsger’s Perspective: Members: The Heart and Soul of Every Credit Union
- Board Member McWatters’ Perspective: Exam Appeals: Credit Unions Deserve a Better Process
- Board Actions: Two-Year Budget Approved with Smallest Percentage Increase Since 2007
- Great Flexibility Means Credit Union Boards Have to Be Engaged
- Help Keep Your Members Safe This Holiday Season
Separately, NCUA announced the video recording of the November 2015 open meeting 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.
The November open board meeting’s agenda consisted of six items:
- A proposed rule to modernize field-of-membership requirements for federal credit unions, cut regulatory red tape and increase consumers’ access to affordable financial services;
- An Operating Budget increase of 4.1% for each of the next two years—the smallest increase since 2007—to fund the agency’s critical activities and address strategic priorities;
- The 2016–2017 Annual Performance Plan to establish NCUA’s goals for the coming year;
- A delegation to the Office of Examination and Insurance to administer the board-approved methodology for calculating the Overhead Transfer Rate, which will be 73.1% in 2016;
- A delegation to the Office of the Chief Financial Officer to administer the board-approved methodology for calculating the federal credit union Operating Fee, which will be 0.47% in 2016; and
- A briefing from the Chief Financial Officer on the performance of the Temporary Corporate Credit Union Stabilization Fund, which remained in a positive net position.