The NCUA will likely propose stricter rules to regulateallowable risks for corporate credit unions but won't specify thenumber of corporates that will remain, NCUA Chairman Debbie Matztold Credit Union Times last week.

"We won't prescribe how many [corporate credit unions] therewill be, but we will set out parameters for how they shouldfunction. One area was risk, if we had stronger regulations aboutthe concentration of risk and more closely regulated the types ofsecurities, it might have had an impact on the current situation,"she said in an interview.

She also said there would likely be changes to the rules oncorporate credit union governance to ensure that boards are staffedwith people who are qualified and less likely to make some of themistakes that caused the problems at U.S. Central Corporate FederalCredit Union and Western Corporate Federal Credit Union.