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The NCUA Board's Sept. 18 open meeting – the first that will include new Board Member Mark McWatters – will focus on technical rule changes, a community charter expansion request and a quarterly report on the Temporary Corporate Credit Union Stabilization Fund.

During the July open board meeting, NCUA said it was unlikely credit unions will see any future stabilization assessments for the fund, which was created to deal with corporate credit union losses due to investments in faulty mortgage-backed securities. The coming report will update the board on the fund's performance over the previous quarter. So far, credit unions have paid $4.8 billion in stabilization assessments.

The community charter conversion request is from First Service Federal Credit Union in Groveport, Ohio. The technical rule revisions affect NCUA's rules on unfair and deceptive acts and rules affecting NCUA and federal credit union operations.

The open meeting is set for 10 a.m. Eastern. A closed meeting follows.