Video of Sept. NCUA board meeting--McWatters' 1st--available
ALEXANDRIA, Va. (10/6/14)--A video recording of the National Credit Union Administration board's September meeting is now available on the agency's website. The meeting featured a relatively light agenda, but it was the first for new board member J. Mark McWatters, who began his term in August.
|National Credit Union Administration board member J. Mark McWatters at his first board meeting in September. (CUNA Photo)|
Mary Ann Woodson, chief financial officer of the NCUA, gave a report on the Temporary Credit Union Stabilization Fund, which has a positive balance for the first time ever. The fund had a $40.4 million deficit at the end of the first quarter, which improved by $91.6 million in the second quarter, giving it a $51.2 million balance heading into the third quarter (News Now Sept. 19).
The agenda also included:
- A final rule repealing the NCUA's regulation on unfair or deceptive advertising or practices in response to changes required by the Dodd-Frank Act and making non-substantive changes to the agency's rules to modify terminology and reflect changes in the agency's operations; and
- Expansion of the community charter of First Service FCU, Groveport, Ohio, with $136 million in assets. The credit union will now serve eight counties around Columbus, Ohio.
Archived videos of past board meetings remain on the site for one year.
Use the resource links below to access the video, as well as News Now coverage of the meeting.