While credit unions are digesting the new corporate credit rules, the NCUA is preparing to release a new one that will address revenue issues.
Next month, the agency plans to unveil a proposed rule that will further regulate corporate credit unions' ability to generate revenues.
Federally chartered corporates would be permitted to assess annual membership fees and increase the amount of retained earnings. Natural person credit unions would only be permitted to join one corporate. The rule will also outline the rules for the corporate system to set up a risk mitigation committee.
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