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NCUA Proposes Stiffer Regs for Volunteers and Less RegFlex

ALEXANDRIA, Va. -- The NCUA Board issued three proposed regulations concerning board member indemnity and mutual savings bank conversions.

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ALEXANDRIA, Va. — The NCUA Board issued three proposed regulations concerning board member indemnity and mutual savings bank conversions.

Federal credit unions wouldn’t be able to indemnify officials and employees against liability based on “aggravated breach of duty of care when a breach affects members’ rights and financial interests.”

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