Final fixed-assets proposal on NCUA agenda today
ALEXANDRIA, Va. (7/23/15)--The National Credit Union Administration board will vote on a final fixed-assets rule during its monthly meeting today.
The proposal, which would remove the 5% cap on fixed assets, would also eliminate all provisions relating to waivers from the 5% limit and establish a six-year time period for partial occupancy for federal credit union premises.
CUNA urged the agency to issue supervisory guidance on the rule due to concerns that the proposal shifts the requirement to the supervisory process from regulation without enacting any change.
Other items on the agenda include:
Final rule regarding shifting capital planning and stress testing schedules. The proposal would align the credit union rule with recent bank regulatory changes;
Reprogramming of the NCUA 2015 mid-year operating budget;
National Credit Union Share Insurance Fund quarterly report; and
- NCUA Guaranteed Notes Program performance report and determination on the Temporary Corporate Credit Union Stabilization Fund assessment.
The meeting is scheduled to begin at 10 a.m. (ET). A link to the live video stream will be available on the NCUA.gov homepage, starting at approximately 9:45 a.m. (ET).