September will be a busy month on the regulatory front, with comments on a number of items important to credit unions due over the course of the month. A complete list of pending changes and comment calls can be found on CUNA’s Regulatory Advocacy page.
Of most significance to credit unions is NCUA’s proposal to close the Temporary Corporate Credit Union Stabilization Fund in 2017 and transfer assets to the National Credit Union Share Insurance Fund. The rule would amend NCUA's share insurance rule to allow for an equity distribution from the share insurance fund.
CUNA has worked closely with members of its Examination and Supervision subcommittee, leagues and CUNA member credit unions in composting its comment letter, which it plans to submit in the coming days.
Other deadlines in September include: