WASHINGTON, Dec. 11 -- National Credit Union Administration has issued a proposed rule called: Corporate Credit Unions.
The proposed rule was published in the Federal Register on Dec. 11 by Melane Conyers-Ausbrooks, Secretary of the Board.
Summary: The NCUA Board (Board) is proposing to amend its regulations for corporate credit unions by removing the requirement that a corporate credit union's asset and liability management committee (ALCO) must have at least one member who is also a member of the corporate credit union's board of directors. The proposed rule would also remove filing requirements related to a corporate credit union's annual report and any management letter or other report issued by its independent public accountant. The ...