NCUA Board Approves Corporate CAMEL Amendments: On-Site at NCUA
ALEXANDRIA, Va.—The NCUA board approved a rule Thursday during its December monthly meeting that makes technical amendments to the NCUA’s regulations on rating systems for corporate credit unions.
Also at NCUA on Thursday:
Final Charitable Account Rule Approved
Home-Based CU Rule Approved
The amendments update the regulations to reflect a rule finalized in September that replaced the Corporate Risk Information System with the CAMEL rating system, according to the NCUA board action memorandum.
The changes take effect on Jan. 1, 2014.
The board also approved $4.5 million for the Temporary Corporate Credit Union Stabilization Fund 2014 budget.