Today’s National Credit Union Administration (NCUA) meeting, Chair Debbie Matz’s last, is headlined by a re-issued proposed rule on incentive-based executive compensation. The meeting is scheduled to being at 10 a.m. (ET), and will be streamed live on NCUA.gov.
As previously covered in News Now, the executive compensation rule was first proposed in 2011, and the Credit Union National Association (CUNA) hopes to see a number of changes in the re-issued proposal.
The original proposal would have prohibited certain incentive-based compensation arrangements at a covered financial institution.
CUNA believes that, because credit unions generally do not provide the kinds of abusive compensation plans that the rule was designed to combat, the new rule should distinguish between credit unions and entities that rewarded risky behavior.
The second item on the agenda is a proposal relating to federal credit union occupancy, planning and disposal of acquired and abandoned premises.
In July 2015, the NCUA finalized a rule removing the cap on fixed assets, and this proposal is likely an ancillary rule that corresponds to that change.
The other item on today’s agenda is a quarterly update on the National Credit Union Share Insurance Fund.