The NCUA Board will vote on two final rules during its Feb. 21meeting, one that will expand the definition of “rural district”for field of membership purposes, and a second rule that will grantcredit unions the ability to invest in Treasury Inflation Protected Securities.
|The board will also consider the NCUSIF's quarterly report.
|The expanded rural district definition, first proposed in September 2012, would increase the current 200,000person threshold if the area contains less than 3% of a state'stotal population.
|The TIPS proposed rule was also introduced in September. Duringthat meeting, NCUA Associate General Counsel Frank Kressman toldthe board that TIPS pose no risk to principal, saying the valuewould never fall below the original investment.
|The board's open meeting is scheduled for 10 a.m. at the NCUA'sAlexandria, Va., headquarters. Following the open meeting, a closeddoor session will involve a final rule that will add supplementalstandards of ethical conduct for NCUA employees.
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