July 2017 NCUA Board Meeting Video Available

ALEXANDRIA, Va. (Aug. 17, 2017) – The video recording of the July 20, 2017, 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.

At the July open meeting, the Board unanimously approved three items:

• A request for public comment on the agency’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund in 2017, four years ahead of schedule, and provide credit unions with a Share Insurance Fund distribution in 2018, estimated to be between $600 million and $800 million.
• A Notice of Proposed Rulemaking amending the agency’s share insurance requirements rule to provide greater fairness, predictability, and transparency and add a temporary provision to govern share insurance equity distributions related to the Corporate System Resolution Program.
• A proposed rule to amend the agency’s definition of “in danger of insolvency” to give the agency more flexibility to act in cases of emergency mergers.

The Board also received briefings from the Chief Financial Officer on the revised 2017 agency budget estimates and the performance of the National Credit Union Share Insurance Fund.

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.