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NCUA to propose small CU rural district definition tweaks
ALEXANDRIA, Va. (9/20/12)--A small credit union regulatory relief proposal is one of the potentially positive items on today's National Credit Union Administration (NCUA) open meeting agenda. The agency is expected to propose to increase the asset threshold used to define "small." The Credit Union National Association supports increasing the threshold.

The open meeting is scheduled to begin at 10 a.m. ET.

The NCUA's open agenda also includes:

  • A proposed rule that would permit credit unions to invest in Treasury Inflation Protected Securities;
  • A proposed rule that would expand the agency's definition of "rural district" for fields of membership; and
  • An Advanced Notice of Proposed Rulemaking related to payday-alternative loan regulations.
The closed portion of the NCUA's board meeting is scheduled to begin at 8:30 a.m. ET, just before the open session. Creditor claim appeals and personnel issues will be on the agenda for the closed meeting. However, the NCUA on Wednesday modified the closed meeting agenda by removing consideration of one personnel matter from the agenda.

For the full NCUA agenda, use the resource link.
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