ALEXANDRIA, VA (August 20, 2014) – The video recording of the July open meeting of the National Credit Union Administration Board is now available on the agency’s website.
Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year.
The July open Board meeting’s agenda included five items:
- A proposed rule to provide federal credit unions with regulatory relief and greater flexibility managing fixed assets by removing the waiver requirement for credit unions to exceed the 5-percent aggregate limit on fixed-asset investments.
- Reprogramming of NCUA’s 2014 operating budget with a net reduction in overall expenditures of $1.1 million for the remainder of the year.
- A request to expand the community charter of Call Federal Credit Union to serve the entire Richmond, Virginia, Metropolitan Statistical Area.
- A briefing on the performance of the corporate credit union legacy assets and the NCUA Guaranteed Notes program, which concluded that, at present, future Corporate Stabilization Fund assessments are unlikely.
- A briefing on the performance of the National Credit Union Share Insurance Fund, which showed positive second-quarter results.
The Board Actions page of the NCUA’s website has more information, including Board agendas, which are posted one week in advance of each open meeting, and copies of Board Action Bulletins, which summarize the meetings, Board memorandums and other documents.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 97 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..