NCUA Board slates actions on CLF, asset thresholds for large credit unions

Two interim final rules – one on the agency’s Central Liquidity Facility, the other on asset thresholds pertaining to large credit unions – are slated for action next Thursday by the National Credit Union Administration (NCUA) Board.

The board, during a public meeting viewable by webcast only, will also receive a briefing on the NCUA Guaranteed Note and Asset Management Estates Programs.

The interim rule on the CLF is under part 725 of the agency’s rules and regulations (governing operations and membership in the facility). The asset thresholds interim rule pertains to parts 700 (definitions), 702 (capital adequacy), 708a (bank conversions and mergers), 708b (mergers among credit unions), and 790 (NCUA operations).

The meeting is set to begin at 10 a.m. ET.

NCUA Board March 18 open meeting agenda