ALEXANDRIA, Va. — The NCUA Board today approved a final rule regarding federal credit union member access to accounting books and records that retained much of the proposal but got a few tweaks to make it more balanced.

NCUA’s proposal drew a wide range of comments from the credit union community from those adamantly supporting it to removing it from the drawing board completely. Those comments were incorporated into the final rule which maintains the main pieces of the proposal with some tweaking. For example, the maximum signatures needed on a petition was increased from 250 to 500 based on 1% of the membership; what members can have access to is more clearly defined; and guidance is included in the preamble for regional directors in handling disputes.

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