Notably, the agenda includes a request for comment on closing the Temporary Corporate Stabilization Fund and setting a normal operating level for the Share Insurance Fund. That item is in line with NCUA Chairman J. Mark McWatters’ comments earlier this year. In April, McWatters said that he is optimistic that the agency will be able to fold the Temporary Corporate Stabilization Fund into the Share Insurance Fund this year.
“I’ve not seen anything on the accounting side that says this can’t happen,” McWatters said at the time.
Other items on the board meeting agenda include:
- a quarterly report on the Share Insurance Fund;
- a proposed rule on emegecy mergers;
- a mid-season budget briefing; and
- a proposed rule on Share Insurance Fund equity distributions.