The NCUA will issue a request for comment on the Normal Operating Level (NOL) policy at its May 20 meeting. The meeting will take place at 10 a.m. (ET) via live audio stream at NCUA.gov.
The NOL is the desired equity ratio for the National Credit Union Share Insurance Fund. The board sets it at between 1.20% and 1.50%, and CUNA supports NCUA working to maintain the NOL at 1.30% whenever possible.
CUNA supports the derivatives rule as proposed, believing the proposed changes retain key components while providing flexibility.
The complete agenda is:
CUNA wrote to NCUA Thursday calling on it to finalize pending rulemakings on the Capitalization of Interest in Connection with Loan Workouts and Modifications proposal, and the Transition to the CECL Methodology, CUNA wrote members of the NCUA board Thursday.