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Today is the deadline for NAFCU members to submit their input to the association on three NCUA proposals addressing voluntary mergers and the exam appeals process. Member credit unions can provide comments via the association's Regulatory Alerts.

At its May open board meeting, the NCUA Board issued a proposal on voluntary federal credit union mergers that would require additional compensation disclosures and procedures for more member-to-member communications. The proposal would require federal credit unions to disclose all merger-related financial arrangements for an expanded class of covered persons, not just senior management officials.

In addition, the merger proposal would increase the required time for notice to federal credit union members before a merger vote to a minimum of 45 days.

At the same meeting, the board also issued proposals on credit union examination and supervisory determination appeals. The first proposal would standardize the appeals process by developing a uniform set of procedures. The other would expand the number of supervisory determinations appealable to the agency's Supervisory Review Committee and provide credit unions the opportunity for additional review by the director of the Office of Examination and Insurance.

NAFCU welcomes making the appeals process more efficient and accessible for credit unions.

Comments on all three proposals are due to the NCUA by Aug. 7.