The NCUA's final Town Hall meeting, a Webcast that allowed viewers to ask live questions anonymously, produced new information not addressed in previous town halls.
Proposed corporate rules may include prompt corrective action guidelines for corporates, so the NCUA will have better supervisory tools to deal with declining capital ratios, said General Counsel Bob Fenner.
Fenner also confirmed the agency is contemplating a 10% cap on corporates receiving funding from any source, deposit or loan. However, he said the NCUA recognizes some corporates can't currently comply with that cap, and those corporates would be phased in or giving a chance to submit an action plan.
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Regarding community charters, Chair Debbie Matz said the board will consider new field of membership regulations during its December meeting that will provide "a metric formula" that specifies the definition of a community.
Office of Corporate Credit Unions Director Scott Hunt said the NCUA will continue to determine, on a quarterly basis, whether or not to continue the corporate share guarantee. Currently, share guarantees expire in December 2011, but the regulator could extend that to December 2014.
Hunt said the NCUA does not feel the corporate system is stable enough to lift the guarantee, and said he can't commit to any additional extensions, but said it is "likely" until additional corporate stability is achieved.
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