ALEXANDRIA, Va. (May 27, 2015) – The video recording of the April 2015 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 April open Board meeting’s agenda included seven items:
- A final rule providing regulatory relief by authorizing automatic approval of 12 types of associational groups for inclusion in federal credit unions’ fields of membership.
- A proposed rule to implement a new law providing pass-through share insurance coverage for lawyers’ trust accounts, realtor escrow accounts and prepaid funeral accounts.
- A final rule to extend corporate credit unions’ secured borrowing terms and allow retained earnings acquired in mergers to count toward capital going forward.
- A proposed rule to expedite access to short-term cash by allowing corporate credit unions to provide bridge loans to credit unions awaiting funds from the Central Liquidity Facility.
- A request from the Connecticut Department of Banking to exempt Connecticut-chartered credit unions from NCUA’s credit union service organization rule in favor of a substantially similar state rule.
- A briefing from the Chief Financial Officer on the performance of the National Credit Union Share Insurance Fund, which is in its strongest position in a decade.
- A briefing from the Office of General Counsel on a required interagency final rule implementing minimum requirements for state registration and supervision of appraisal management companies.
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 NCUA’s website has more information, including Board agendas, which are posted at least one week in advance of each open meeting, copies of Board Action Bulletins, which summarize the meetings, copies of 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 account holders in all federal credit unions and the overwhelming majority of
state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.