Comments on several proposals of interest to credit unions are due this month. A complete list of proposals out for comment can be found on CUNA’s Advocacy Actions page.

NCUA issued a request for comment at its May meeting on its Normal Operating Level (NOL) policy, and CUNA has prepared a summary. The NOL is the desired equity ratio for the National Credit Union Share Insurance Fund.

NCUA adopted a policy for setting the NOL in 2017 that established a periodic review of the equity needs of the NCUSIF.

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.

Comments are due to NCUA by July 26.

Other comments due in July include:

• July 12: Federal Reserve board request for comment on proposed account access guidelines to evaluate requests for accounts and services at Federal Reserve Banks.
• July 16: NACHA request for information on whether a proposal should be developed to adjust the allocation of risk when receiving depository financial institutions make funds from Automated Clearing House (ACH) credits available early, before the settlement date of the ACH credit.