WASHINGTON, Feb. 25 -- National Credit Union Administration has issued a proposed rule called: Post-Election Training for New Board Members.

The proposed rule was published in the Federal Register on Feb. 25 by Melane Conyers-Ausbrooks, Secretary of the Board.

Summary: The NCUA Board (Board) solicits public comment on a proposal to eliminate the regulatory requirement that each director of a federal credit union (FCU) attain a working familiarity with finance and accounting within 6 months after election or appointment. The Board believes the regulation is unnecessarily prescriptive.

For more information, contact Ariel Pereira, Senior Attorney, Office of General Counsel, at 703/518-6540, or at 1775 Duke Street, Alexandria, VA 22314.

The...