ALEXANDRIA, Va. – The NCUA isn't likely to include in the final corporate rule 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 are in the final corporate credit union rule the board is expected to vote on today 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, are in the final version.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
