The NCUA Board is scheduled to unveil its proposed rule for credit unions' use of derivatives at Friday's meeting.
The agency currently has a pilot program on derivatives and only nine federal credit unions had outstanding derivatives contracts at the end of last year, according to the NCUA. Credit unions use them to hedge interest rate risk.
The board is also scheduled to discuss and vote on a final version of a rule to allow federal credit unions to use "statistically valid" random samples of member income data to prove their low-income status.
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