October 2018 NCUA Budget Briefing and Board Meeting Videos Available

November 2018

ALEXANDRIA, Va. (Nov. 20, 2018) – The video recordings of the National Credit Union Administration’s Oct. 17, 2018, public budget briefing and Oct. 18, 2018, open Board meeting are now available on the agency’s website.

The NCUA posts videos of past Board meetings on the Board Actions webpage. Videos of the annual budget briefings, along with extensive materials related to the agency’s budget, are posted on the Budget and Supplementary Materials page.

At the October open meeting, the Board unanimously approved two items:

A supplemental final rule that amends the agency’s 2015 risk-based capital rule to delay the effective date of the rule until Jan. 1, 2020 and raise the asset threshold for a complex credit union from $100 million to $500 million.
A proposed rule to clarify, update, and simplify federal credit union bylaws.

The NCUA posts these videos as part of the agency’s ongoing efforts to provide transparency and to allow those unable to attend Board meetings or budget briefings 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 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, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.