ALEXANDRIA, Va. (9/18/14)--Today's National Credit Union Administration board meeting only has a few items on the agenda, but it is the first meeting with new board member J. Mark McWatters, who replaced Michael Fryzel in August.
McWatters said Tuesday to a group of credit union advocates from the League of Southeastern Credit Unions, the Idaho Credit Union League and the Georgia Credit Union Affiliates that he favored a new risk-based capital rule be written by the agency. (See News Now story: Fall sweep: CU message hits Hill hard before sesson ends.)
Today's agenda will include a request to expand the community charter for First Service FCU, based in Groveport, Ohio, with $136 million in assets, and a quarterly report on the Corporate Stabilization Fund.
It will also include discussion of a final rule containing technical amendments to three parts of the NCUA's rules and regulations.
These technical amendments will likely involve:
The meeting will take place at the NCUA's Alexandria headquarters, starting at 10 a.m. (ET).