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ALEXANDRIA, Va. – The first meeting of the new NCUA Board takes place Nov. 29, a rare Tuesday meeting to accommodate the Thanksgiving holiday. It is the first time the NCUA Board has been at its full strength of three members in about 18 months. An interim final rule and request for comment on the agency’s Truth in Savings regulations is on the agenda. This will amend the agency’s regulations to bring them into line with changes made at the Federal Reserve and other banking agencies. Also on the agenda is the agency’s final rule which would prohibit senior NCUA examiners from accepting, for a year, employment with a credit union if they had continuing, broad responsibility for examination of that credit union for two or more months during their last 12 months of NCUA employment. The proposed rule received seven comments, six of which were supportive. A community charter conversion, NCUA’s operating budget for 2006/2007, the overhead transfer rate and the agency’s operating fee scale for 2006 round out the agenda.

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