Final joint ownership share accounts rule on NCUA’s Feb. 18 agenda

February 11, 2021

NCUA will vote on a final rule on joint ownership share accounts at its February 18 board meeting, according to the agenda released Thursday. This will be the first meeting with Todd Harper as NCUA chairman.

CUNA supports the joint ownership proposal, as it helps maintain parity with regulations that apply to banks. The rule would explicitly permit the use of other evidence contained in a credit union’s account records to satisfy the signature card requirement for joint ownership of share accounts.

The complete agenda is:

  • Board briefing, share insurance fund quarterly report;
  • Final rule, part 745, Joint Ownership Share Accounts; and
  • Board briefing, Consolidated Appropriations Act, 2021, Emergency Capital Investment Program.

The meeting will be streamed online at via live audio cast starting at 10 a.m. (ET).