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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.

The proposal would also require 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."

This 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 proposal will have a 60-day comment period.

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 NCUA noted the proposal is "intended to result in greater efficiency, consistency, and better understanding of the way in which matters under the covered regulations may be appealed to the Board."

The proposed rule will have a 60-day comment period. NAFCU is supportive of a process that makes appeals easier to access and more efficient to provide relief to credit unions.

The other proposal, also issued for a 60-day comment period, would expand the number of supervisory determinations appealable to the agency's Supervisory Review Committee. The proposal would also provide credit unions with the opportunity for additional review by the director of the Office of Examination and Insurance. NAFCU is supportive of the expansion of ways credit unions can seek redress.

The board on Thursday also heard a quarterly update on the Temporary Corporate Credit Union Stabilization Fund.