ALEXANDRIA, Va. (July 18, 2014) – The video recording of the June open meeting of the National Credit Union Administration Board is now available on the agency’s website.
Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year.
The June open Board meeting’s agenda included five items:
- A proposed rule expanding the powers of federal credit unions by allowing qualified institutions to securitize loans they have originated.
- A proposed rule creating safe-harbor protection for certain securitized assets and protecting investors in cases of conservatorship or liquidation.
- A proposed rule to assist underwater borrowers by allowing federally insured credit unions to refinance or modify real estate loans without obtaining an additional appraisal.
- A final rule reducing administrative burdens on solvent credit unions that voluntarily liquidate.
- A request by Mainstreet Credit Union of Lenexa, Kansas, to convert to a federal charter.
NCUA posts these videos as part of the agency’s ongoing efforts to provide transparency and to allow those unable to attend Board meetings the opportunity to become better informed. An interval between the meeting and posting is necessary for the videos to comply with Section 508 of the Rehabilitation Act for the hearing and visually impaired.
The Board Actions page of the NCUA’s website has more information, including Board agendas, which are posted one week in advance of each open meeting, and copies of Board Action Bulletins, which summarize the meetings, Board memorandums and other documents.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of more than
98 million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.