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: