The NCUA board has announced its meeting schedule for 2019. The open board meetings are generally held at 10 a.m. (ET) at the agency’s Alexandria, Va. headquarters, and video is live streamed on NCUA.gov.
The NCUA awarded $2 million in grants to 203 low-income credit unions, funding from the agency’s Community Development Revolving Loan Fund. CUNA successfully fought to restore funding when the CDRLF was zeroed out for fiscal year 2018.
The D.C. Circuit Court of Appeals has set a briefing schedule for the appeal of the field-of-membership lawsuit brought against NCUA by the ABA. CUNA fully supports NCUA in its appeal, and plans to submit an amicus brief.
CUNA submitted additional written comments to NCUA Friday on the agency’s proposed 2019 operating budget. CUNA’s letter follows up CUNA Senior Economist Mike Schenk’s presentation to the board at its budget briefing earlier this month.
The NCUA board voted to approve a final risk-based capital rule Thursday, that provides regulator relief for credit unions. While CUNA has concerns with NCUA’s overall approach to risk-based capital, it supports the changes.
CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
CUNA Chief Economist Mike Schenk will present at the NCUA’s budget briefing Wednesday at NCUA’s Alexandria headquarters. The briefing is scheduled to start at 10 a.m. (ET) and will be streamed live on NCUA.gov.
NCUA’s latest Letter to Federal Credit Unions features guidance on how credit unions can prepare a successful narrative application when using this option to apply for serving a well-defined local community.