Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Derivatives On NCUA Agenda Today
ALEXANDRIA, Va. (5/6/13)--A proposal to allow federal credit unions to invest in simple derivatives, technical amendments to agency regulations, and a board briefing on a supplemental interagency proposed rule that covers appraisals for higher-priced mortgage loans are on the agenda of this morning's National Credit Union Administration open board meeting.

While details of the proposal will be released after 10 a.m. ET, it is anticipated that the board will consider authority for well-run credit unions with the necessary expertise to use simple derivatives to hedge against interest rate risk (IRR). NCUA Board Chairman Debbie Matz has said managing IRR is a key concern for the agency.

The Credit Union National Association strongly supports permitting credit unions to manage IRR through investments in simple derivatives and urged the agency to proceed with consideration of this authority.

Supervisory activities and an appeal under Section 701.14 and Part 747, Subpart J of NCUA regulations are on the closed agenda. The closed board meeting is scheduled to begin after the open meeting has ended.

Watch @NewsNowLiveWire for up-to-the-minute tweets on the NCUA meeting, and News Now for breaking coverage on meeting developments.

For the full NCUA agenda, use the resource link.
Other Resources

NCUA Agenda
RSS print
News Now LiveWire
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
5 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
9 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
9 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
11 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago