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NCUA expects to issue a notice of proposed rulemaking this month on credit unions' access to supplemental capital and hopes to finalize its proposal on the ability of a federal credit union to securitize its own loans by February, according to a rulemaking agenda released Friday.

Last month, NAFCU President and CEO Dan Berger asked NCUA to release an outline of regulatory changes it is considering on supplemental capital before a formal rulemaking is released. Berger said that any regulatory changes the agency plans to make on supplemental capital will "benefit from additional discourse and debate."

Regarding NCUA's asset securitization proposal, NAFCU requested last year that the agency expand the eligibility of loans beyond those originated by the securitizing credit unions, and to replace the fixed threshold set for held residual and retained interests with a sliding scale linked to risk.

Already addressed from this agenda are proposed rules on field of membership (released Thursday), investments in bank notes (also proposed) and finalization of the agency's risk-based capital rule.