The NCUA is slated to consider and vote on a final version ofnew corporate credit union regulations at its April 21 meeting,according to NCUA Chairman Debbie Matz.
|She stated in her column in the April edition of the agency'snewsletter that agency staff members are drafting “potentiallysignificant,'' changes to the proposal, as a result of 227comment letters.
|Among the most controversial parts of the proposal, according tothe comment letters, are provisions that would encourage corporatecredit unions to levy a fee to members that are not federallyinsured in order to pay for the rescue of the corporate creditunion system, and a provision limiting credit unions to only beingmembers of one corporate credit union.
|Click hereto read Matz's column.
|Click here to read the proposed rule.
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