ALEXANDRIA, Va.–NCUA has released both video of its most recent board meeting and the latest issue of its NCUA Report.
The video recording of the Nov. 17, 2016, open meeting of the National Credit Union Administration board is now available on the agency’s website.
At the November meeting, the board unanimously approved two items:
- Operating budgets for 2017 and 2018 to fund NCUA’s essential activities and strategic priorities, including implementing the recommendations of the Exam Flexibility Initiative.
- A final rule making technical changes to the agency’s Community Development Revolving Loan Fund regulation to improve transparency, organization and ease of use by credit unions.
The board also received briefings on:
- The performance of the National Credit Union Share Insurance Fund in the third quarter;
- The Share Insurance Fund’s equity ratio projections and the recommended 2017 premium range of three to six basis points for credit union budgeting purposes; and
- The 2017 overhead transfer rate.
Meanwhile, in the latest issue of The NCUA Report newsletter, NCUA’s Office of Examination and Insurance details the factors affecting National Credit Union Share Insurance Fund’s equity ratio and why an insurance premium may be necessary.
The agency’s newsletter features columns from NCUA Board Chairman Rick Metsger and Board Member J. Mark McWatters, as well as articles from several NCUA offices on the agency’s initiatives and important information on regulatory, supervisory and compliance issues at federally insured credit unions.
Articles in this month’s issue include:
- Chairman’s Corner: Looking Back at 2016: A Year of Change to Help American Consumers
- Board Member McWatters’ Perspective: Issues to be Tackled in 2017
- Board Actions: NCUA Board Approves 2017–2018 Budget with Exam Flexibility Initiative Recommendations
- The ABCs of Loan Participation Due Diligence
- Don’t Let Your Members Be Victims of a Scam This Holiday Season
- New Guidebook Has Advice for Credit Unions on Digital Services Contracts
- NCUA Sets 2017 Call Report Deadlines
- NCUA Modernizing Its Platforms to Adapt to Shifting Financial Services Environment
- NCUA Releases New Board Member Video on the Basics of Financial Statements
Previous issues of The NCUA Report are available online here.