The NCUA board will vote on its final field of membership rule at its Oct. 27 open board meeting. CUNA supports the rule, as it would provide greater choice for consumers and provide flexibility for credit unions to better serve their communities.
The agenda also includes a board briefing on supplemental capital. According to the NCUA’s rulemaking agenda, any forthcoming proposal would modernize agency regulations to incorporate supplemental capital provisions in the risk-based capital context. The Oct. 27 briefing will not feature a proposal or board vote.
CUNA supports allowing credit unions to raise supplemental capital for risk-based capital purposes. This would help offset risk-based capital requirements and ease the burden on credit unions, allowing them to better meet the needs of their members
The agenda also includes:
The meeting is scheduled to start at 9 a.m. (ET) on Oct. 27, and a link to a live video stream will be posted on NCUA.gov at approximately 8:45 a.m. (ET).