ALEXANDRIA, Va.–The NCUA board will host two meetings today, both of which will be of high interest to credit unions.
The first, scheduled for 9 a.m. ET, will be NCUA’s regularly scheduled monthly board meeting. Of particular interest will be any changes the agency has made to its proposed new rules around field of membership. The meeting will also include a board briefing on supplemental capital. Other agenda items include votes on Final Rule, Part 747, Statutory Inflation Adjustment of Civil Money Penalties; Proposed Interagency Rule, Part 760, Loans in Areas Having Special Flood Hazards, and Final Rule, Parts 708a, 708b and 790, Name Change for Office of Consumer Protection.
In the afternoon NCUA will host an event that the trade associations have been demanding for years: a briefing on the agency’s 2017-2018 budget. NCUA has already released a detailed summary of its budget proposal, which reflects a more than $8-million increase from its 2016 budget.
The budget briefing will be held in the NCUA board meeting room beginning at 2 p.m. ET and run for approximately two hours. NCUA explained that due to space considerations, a limited number of people will be able to sit in the board room, but an overflow room will be available with a livestream from the briefing. The livestream also will be available through a link on ncua.gov. CUToday.info will have full coverage.
CUToday.info has additional coverage here.