ALEXANDRIA, Va. – The NCUA Board has scheduled a pretty full agenda for its April 17 board meeting.
First off the Board will consider proposing a change to the way NCUA defines low income credit unions and will also discuss proposing some changes to the CUSO rule.
Later, in closed session, the board has scheduled the discussion of a merger between a federally insured credit union and a mutual savings bank. In a fairly rare case, The $96 million Northeast Community Credit Union, headquartered in Haverhill, Massachusetts, and a local state chartered mutual savings bank have been working through the Commonwealth's procedures which allow for a merger between a state chartered credit union and state chartered mutual savings bank.
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