ALEXANDRIA, Va. (1/12/15)--The Credit Union National Association requested and the National Credit Union Administration has agreed that CUNA and a limited number of others can set up video cameras to record the agency's open meeting Thursday.
That's the much-anticipated session at which a revised risk-based capital (RBC) proposal will be unveiled. The video cameras are a significant change from the agency's standard operating procedures for board meeting.
Thursday, CUNA requested that the meeting be streamed live over the Internet, or if not possible, that the NCUA allow the ability to videotape the proceedings. The agency was not able to accommodate live-streaming for the January meeting, but said it would plan to do that for future meetings.
CUNA President/CEO Jim Nussle thanked the NCUA for agreeing to CUNA's request to video record the important RBC discussions. He noted that CUNA will post the video to the cuna.org website and announce through News Now when the recording is available.
"We look forward to the meeting, and hope that live-streaming will become available in the near future to best serve all those in the credit union system," Nussle said.
John Fairbanks, public affairs specialist with the NCUA, said, "For this coming Thursday's open board meeting, we will allow a limited number of video cameras at the back of the board room to inconspicuously cover the proceedings. We're going to provide an area for cameras, and they will be limited to that area, to avoid disruption."
Extra lighting and microphone placement in front of the room will not be permitted, since it would likely interfere with the NCUA's standard recording operations, Fairbanks said.