The NCUA has scheduled an executive session on Thursday to consider a supervisory activity matter and a legislative proposal, the agency announced today.
The agency did not say what the supervisory matter entails.
But sources within the credit union industry said the legislative matter will involve asking Congress to increase the period for replenishing the NCUSIF. Currently, the fund must be replenished to an equity ratio of between 1.2% and 1.3% within a year.
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An NCUA spokesman did not return a phone call and e-mail message seeking comment.
The House has passed a measure that would increase the period to five years and CUNA and NAFCU would like to see the period increased more to spread out the additional premiums that natural person credit unions would have to pay to shore up the fund.
The NCUA had already announced plans to levy a premium to pay for its plan to rescue the corporate credit unions. Its decision last Friday to place two corporates into conservatorship will add to those costs.
Thursday's meeting is scheduled to be held at 11:30 a.m. at the agency's headquarters in Alexandria, Va.
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