NCUA to take up involuntary liquidations, call reports today

NAFCU will attend today’s NCUA Board meeting during which the board will issue a proposed rule on involuntary liquidation and claims procedures, and hear a briefing on call report modernization. Today’s meeting is slated to begin at 10 a.m. Eastern.

NAFCU will keep members apprised of developments. Those interested can also watch the NCUA Board meeting live on the agency’s website.

In September 2016, the NCUA announced that less information was required about credit union service organizations on insured credit unions’ call reports. NAFCU welcomed the move and urged that more be done to ease credit unions’ reporting burden. An agency working group has been gathering information through a public comment-and-review process on how it can modernize credit unions’ call reports.


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