ALEXANDRIA, Va.—The NCUA will hold its second “board briefing” at Thursday’s open board meeting, during which it will discuss adding an S (sensitivity risk) to its CAMEL rating system.
Last month Chairman Rick Metsger introduced the new briefings to give CU stakeholders an opportunity to hear NCUA board members discussing issues prior to taking action under a new procedural direction.
CUNA Chief Advocacy Officer Ryan Donovan said the trade association will follow the briefing and may have more to say about the potential procedural action following Thursday’s discussion.
Metsger previously explained that giving board members an opportunity to talk directly to one another, exchange thoughts and ideas provides the credit union community with insight into the agency’s thought process. He also noted that the briefings will be held when board schedules are light, and that if the briefings are seen as valuable and provide stakeholders with better visibility into the workings of the agency, the practice could expand.
The fist briefing covered agency plans to modernize the Call Report and Profile and the system for reporting and storing credit unions’ information.
Thursdays’ board meeting will include a vote on a proposed rule on technical amendments to the Community Development Revolving Loan Fund Rule and a final rule on statutory inflation adjustment of civil money penalties.
The meeting begins at 10 a.m. ET.