The NCUA Board will miss its self-imposed deadline for a corporate restructuring rule and legacy assets plan at its September board meeting.
NCUA spokesman John McKechnie issued a statement merely stating, "The NCUA Board has decided to consider these issues at a meeting in the near future."
Instead the agency will be taking up the insurance fund premium; final rules on secondary capital accounts and payday loan alternatives; and an appeal of a region denial for a community charter from Vantage Credit Union. In addition the board will receive a briefing on the Dodd-Frank implementation and the insurance fund. The board will also consider the adoption of FASAB standards for financial reporting on the NCUSIF.
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