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NCUA to discuss share insurance premium Thursday
ALEXANDRIA, Va. (7/13/09)--Discussion of proposed rules that address the National Credit Union Administration's (NCUA) National Credit Union Share Insurance Fund Premium and one percent deposit should headline the NCUA’s agenda for the upcoming July 16 board meeting. The NCUA is also scheduled to consider final rules on credit union reporting and Truth in Savings Act disclosures. The comment deadline for the NCUA’s proposals regarding Truth in Savings Act disclosures, which would require credit unions to disclose on the periodic statement the dollar amounts charged for overdraft fees and returned item fees, passed on May 26. Interest rate ceiling determinations under Section 107(5) of the Federal Credit Union Act are also expected to be discussed at the board meeting. The NCUA will also consider reprogramming its 2009 budget and discuss its monthly Insurance Fund Report at this week's meeting. As is routine, a closed session of the NCUA board will follow the early open session.
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