National Credit Union Administration held it board meeting on Oct. 19, 2017.

NCUA Board Meeting—Positive Outcomes

Today’s National Credit Union Administration (NCUA) Board meeting had several positive outcomes. First, the Board issued a Request for Information on electronic loan, deposit, and investment data collection. This request for information will help in implementing the Exam Flexibility Initiative and reduce onsite examination time.

The Board also issued a Proposed Rule that would amend the capital planning and stress testing regulations for credit unions with assets of $10 billion or greater. The amendments ease regulatory burden by creating an incremental approach that gradually increases a credit union’s requirements. The proposed rule would also allow credit unions to run their own stress tests.

Additionally, the Board issued Final Rules on the procedures for appealing matters to the Board and on appealing material supervisory determinations to the Supervisory Review Committee. Both rules were finalized as proposed with minor modifications and clarifications.

The Board also received Share Insurance Fund quarterly report. 

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