Newsroom

October 09, 2015

NCUA posts September board meeting video

Credit unions interested in viewing a recording of NCUA's Sept. 17 open board meeting can do so now on the agency's website.

During the meeting, the NCUA Board adopted an interpretive ruling and policy statement and final rule raising the "small entity" asset-size threshold to $100 million for NCUA's determination of the economic impact of its rules on credit unions.

The board also heard a quarterly report on the Temporary Corporate Credit Union Stabilization Fund and approved a final rule to exclude Central Liquidity Facility-related bridge loans from the aggregate unsecured lending cap on loans to one borrower by corporate credit unions. Additionally, the board approved a statutorily required change in the caps on civil money penalties and granted a community charter expansion sought by Charlotte Metro Federal Credit Union (N.C.).

The video will remain on NCUA's website for one year.