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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.

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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.”

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