The NCUA is preparing for the installation of a Sensitive Compartmented Information Facility at its headquarters in Alexandria, Va., which will cost more than $1.2 million.
The SCIF would be used by the NCUA to communicate with other agencies during a national security emergency.
Chairman Debbie Matz schedules a board vote affirming Vice Chairman Rick Metsger's appointment.
Former NCUA Board Member David Chatfield says Rick Metsger's appointment to vice chairman could be valid, but looks bad.
Metsger could serve as chairman if Matz is unavailable and could also have political implications.
ALEXANDRIA, Va. —The NCUA Board on Thursday approved a proposed rule that would eliminate the 5% fixed assets cap.
Legislative add-on that would have delayed the risk-based rule's implementation fails to advance past committee.
Mark McWatters has been cleared to become the next member of the NCUA Board.
NCUA Board member also recommends RBC rule changes.
Chairman Debbie Matz says the agency will change "more than a few" risk weights proposed.