news.cuna.org/articles/116789-ncuas-oct-24-meeting-features-final-nonmember-shares-rule

NCUA’s Oct. 24 meeting features final nonmember shares rule

October 17, 2019

The NCUA board will vote on a final public unit and non-member shares rule, and issue a notice of public rulemaking on chartering and field of membership at its Oct. 24 meeting. The board will also hear a briefing on cybersecurity, according to the agenda released Thursday.

CUNA supported NCUA’s nonmember shares proposed rule, which would replace the current nonmember deposit limit of the greater of 20% of total shares or $3 million with a limit of 50% of the difference of paid-in and unimpaired capital and surplus, less any public unit and nonmember share.

The meeting will start at 10 a.m. (ET) Oct. 24 and be streamed live on NCUA.gov.

Questions about NCUA rulemakings and board activities can be directed to CUNA Senior Director of Advocacy and Counsel Luke Martone at lmartone@cuna.coop.