ALEXANDRIA, Va.—The NCUA board will take up its two proposals regarding credit union processes for appealing exams and will issue a proposal on capital planning and supervisory stress testing during its open board meeting Thursday at 10 a.m. ET.
The NCUA's two proposals regarding exam appeals were issued in May. One of the proposals would standardize the appeals process for regulations that currently have their own review and appeals procedures, noted NAFCU, which said it firmly supports this proposal as it would provide a "simple and consolidated process for appeals."
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The other proposal would expand the number of supervisory determinations appealable to the agency's Supervisory Review Committee and provide credit unions the opportunity for additional review by the director of the Office of Examination and Insurance, NAFCU noted.
In its official comment letter sent in August, NAFCU noted it said the proposal "would greatly enhance the current process by which credit unions can challenge material supervisory determinations."
The capital planning and supervisory stress testing proposal would impact federally insured credit unions with assets of $10 billion or more, as they are subject to the capital planning and stress testing requirements described in the Federal Credit Union Act, NAFCU noted.
Also during Thursday's meeting, the board will hear a National Credit Union Share Insurance Fund quarterly report and issue a request for information on electronic loan, deposit and investment data collection.