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The NCUA Board will receive a briefing on credit union cybersecurity and a quarterly report on the Temporary Corporate Credit Union Stabilization Fund during today's open board meeting, which begins at 10 a.m. Eastern.

NAFCU Director of Regulatory Affairs Alexander Monterrubio will attend today's meeting.

NCUA examiners began using the Federal Financial Institutions Examination Council's Cybersecurity Assessment Tool during credit union exams in July. NAFCU continues to urge NCUA to keep the tool voluntary for credit unions.

Regarding the TCCUSF, NCUA has indicated so far that no future assessments on credit unions are likely. To date, credit unions have paid $4.8 billion in assessments, and NCUA has recovered more than $3 billion in suits targeting the banks that sold faulty mortgage-backed securities to corporate credit unions.

Today's board meeting will be followed by a closed session beginning at 11:30 a.m. Eastern.