Here’s what’s on tap for Thursday’s NCUA meeting

6inNCUA B EUROMASTR

The NCUA board of directors will hold its monthly meeting on Thursday, Feb. 20. During the meeting, the board will consider a final interagency policy statement regarding allowances for credit losses.

NCUA in October joined other financial regulators in issuing proposed interagency policy statement on the Financial Accounting Standards Board’s CECL standard. The new standard introduces a new methodology for estimating allowances for credit losses.

Other items on the agenda include:

  • proposed rule, part 704, regarding corporate credit unions;
  • board briefing: share insurance fund quarterly report; and
  • board briefing: credit union mortgage rates.

The open portion of the meeting will begin at 10 a.m. and will be followed by a closed meeting.

Results from the meeting will be reported in The New York Minute.

Leave a Reply