Search
 

NCUA To Deal With Golden Parachutes, Advertising and Insurance Fund

Golden parachute ban, advertising rules and insurance fund prepay options all on agenday for next week's NCUA board meeting.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The NCUA Board is scheduled to discuss and vote on a final rule at next Thursday’s meeting that would ban troubled federally insured credit unions from offering golden parachutes to their executives.

Under the proposed rule, agency defines golden parachutes as payments that are “contingent on the termination of that person’s employment and received when the credit union making the payment is troubled, capitalized or insolvent.”

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?

Trending Stories

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.