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The NCUA Board on Thursday issued three separate proposals regarding mergers and the exam appeals process. Of note to credit unions, the merger proposal would require additional compensation disclosures and more member-to-member communications.

"NAFCU will seek feedback from our members on this proposal," said NAFCU President and CEO Dan Berger. "We support transparency, but we want to ensure that the voluntary merger process is not unintentionally impeded."

The merger proposal would also increase the required time for notice to federal credit union members in advance of the vote for a merger to a minimum of 45 days.

The board on Thursday also issued two proposals regarding credit union processes for appealing exams. The first would standardize the appeals process for regulations that currently have their own review and appeals 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 the agency's proposals on the appeals process. We support making the appeals process more efficient and accessible for credit unions, and we look forward to reviewing both proposals," said Berger.

All three proposals were issued with a 60-day comment period attached.