Here’s what’s on the NCUA Board’s agenda for next week

The NCUA announced on Thursday that next week’s board meeting will occur over a two-day period to “ensure a transparent and open discussion of several policy issues affecting federally insured credit unions.”

In addition to its regularly scheduled meeting at 10 a.m. on Thursday, Dec. 17, the board will also convene at 10 a.m. on Friday, Dec. 18, with both meetings livestreamed on the NCUA website.

On Thursday, the NCUA board of directors will consider:

  • Proposed Rule, Part 701, Appendix B, Field of Membership Shared Facility Requirements;
  • Temporary Final Rule, Part 701, Regulatory Relief in Response to COVID-19;
  • Proposed Rule, Parts 703 and 721, Mortgage Servicing Rights;
  • Proposed Rule, Part 701, Overdraft Policy; and
  • Final Rule, Parts 701, 702, 709, and 741, Subordinated Debt.

There will also be a board briefing on Share Insurance Fund 2021 Normal Operating Level.

On Friday, the NCUA board of directors will consider Final Rule, Part 701, Annual Operating Fee Assessment and the 2021-2022 budget. The board will also receive a briefing on the NCUA operating fee schedule and overhead transfer rate.

Results from both days of the meeting will be reported in the New York Minute.

NCUA proposed 2021-2022 budget
Today is the last day to comment on the NCUA’s proposed 2021–2022 budget.

The proposed 2021 operating budget is $315.6 million, which is 0.1% lower than the comparable 2020 budget, according to the agency. The draft 2021 capital budget is $18.8 million, or 24.8% lower than 2020. The proposed budget summary and detailed budget justification are available on the Budget and Supplementary Materials page of the NCUA website.

To comment on the proposed budget, mail comments to today. Comments should provide specific, actionable recommendations.

Leave a Reply