Fixed-assets rule tops Sept. 12 NCUA agenda
Sept. 6, 2013 – A final rule on federal credit unions’ ownership of fixed assets is slated for action by the NCUA Board during the board’s Sept. 12 open meeting, the first for new Board Member Rick Metsger.
Thursday’s meeting is expected to be a brief one. Remaining action items slated include:
- a request from Peoples Advantage FCU to expand its community charter; and
- a proposed rule for authorizing charitable donation accounts (parts 703 and 721).
NAFCU wrote NCUA on the proposed rule on ownership of fixed assets in May. Senior Regulatory Affairs Counsel Tessema Tefferi wrote, “Credit unions should be granted ample flexibility to determine whether investing in particular fixed assets is in the best interest of their members. Investments in fixed assets are made to improve services to members, including making such services more accessible and readily available.”
The open meeting, set for 10 a.m., will be followed by a closed session.
NCUA Board meeting agenda