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The NCUA Board, during its final open meeting of the year today, will seek to finalize the agency's emergency merger proposal. NAFCU continues to urge the board to increase transparency and reduce burdens in the emergency merger process.

The NCUA's emergency merger proposal, issued during its July open board meeting, would amend the definition of "in danger of insolvency" in the agency's chartering and field-of-membership manual. The proposal aims to give the agency more flexibility in identifying credit unions that may be in need of an emergency merger.

While overall supportive of the modification to modernize forecasting procedures for emergency mergers, NAFCU said the rulemaking should contain increased transparency and a more streamlined process for smaller credit unions in its October comment letter.

Also during today's meeting, which begins at 10 a.m. Eastern, the board is expected to adopt some technical changes necessary to align with the agency's restructuring.