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TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Reg-Flex 5-year plan on next NCUA agenda
ALEXANDRIA, Va. (3/12/10)--The National Credit Union Administration (NCUA), at its upcoming board meeting at 10 a.m. ET on Thursday, March 18, will discuss proposed rules addressing its regulatory flexibility program. Specifically, the NCUA will be considering a proposal to change parts of its regulatory flexibility (RegFlex) program. The NCUA board will also discuss the fiduciary duties of federal credit union officials when considering merging or conversion. The Credit Union National Association has recently set up a working group to address how the NCUA selects and pursues credit union mergers. The NCUA’s five-year strategic plan will also be considered during the meeting. Additionally, the board will be updated on the status of the National Credit Union Share Insurance Fund during the meeting. A closed meeting of the board--during which the NCUA will discuss supervisory activities and personnel matters--will follow the session.


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