Comments on NCUA budget, CECL statement due in December

Comments on several proposals, including NCUA’s 2020-21 operating budget, are due in December. CUNA presented at the budget briefing conducted by NCUA earlier this month.

The proposed 2020 operating budget is $316.2 million a 3.9% increase over last year. Comments are due to NCUA Dec. 2. The board is expected to vote on the budget at its Dec. 12 meeting.

Other comment deadlines this month include:

• Dec. 9: NCUA field of membership proposal. NCUA proposes to re-adopt a provision to allow an applicant to designate a Combined Statistical Area (CSA), or an individual, contiguous portion thereof, as a well-defined local community (WDLC), provided that the chosen area has a population of 2.5 million or less. It also proposed to clarify existing requirements and add an explicit provision to its rules to address concerns about potential discrimination in the FOM selection for CSAs and Core Based Statistical Areas;

 

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