ALEXANDRIA, Va. – The NCUA board on Thursday approved a final corporate rule that left out two controversial provisions that would have limited credit unions to membership in one corporate credit union and provided for the sharing of expenses for the corporate credit union rescue among all members of corporate credit unions.
|Those changes from the original proposed regulations were not in the final corporate credit union rule the board unanimously approved in a meeting at NCUA offices in Alexandria.
|Other provisions in the proposed rule, such as mandating director votes be recorded and establishing risk management committees, were in the final version.
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