NCUA Board members are scheduled to receive a public briefingabout a rules change that would let low income credit unions borrowmoney through the Troubled Assets Relief Program at next Thursday'sNCUA Board Meeting.

On Tuesday, board members sent the rules out for a 30-day publiccomment period on a notational vote after having been briefedprivately.

The Obama Administration has authorized credit unions that havebeen recognized as community development financial institutions bythe U.S. Treasury Department's CDFI Fund to apply for up to 3.5% oftheir total assets in capital from TARP funds. The NCUA's rulechange paves the way for federally insured credit unions toparticipate in the program.

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