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Agency guidance on corp. CU stabilization expected
ALEXANDRIA, Va. (6/15/09)--The National Credit Union Administration (NCUA) is expected to discuss its recently passed corporate credit union stabilization plan at its upcoming board meeting, scheduled for June 18. The NCUA will present its guidance on the corporate stabilization plan and will allow participating credit unions direct access to NCUA staff during a June 24 webinar. The board will also address Section 701.26 of its rules and regulations by discussing a final rule related to operating fees. An interim rule regarding NCUA’s Section 701.21(f), Exception to the Maturity Limit on Second Mortgages, will also be discussed during the open portion of the meeting. The NCUA will also examine its monthly report on the status of the National Credit Union Share Insurance Fund.


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