Credit union regulator to consider proposed rule on determining ‘appropriate supervisory office’

A rulemaking on the asset threshold for determining the “appropriate supervisory office” is on the agenda for the federal credit union regulator board when it meets Thursday.

The National Credit Union Administration (NCUA) Board will also consider an interim final rule on its prompt corrective action (PCA) regulations and hear a briefing on the federal credit union savings insurance fund.

The asset threshold proposal affects various sections in the agency’s regulations, including capital adequacy, bank conversions and mergers, mergers of credit unions (and termination of insurance), “golden parachute” and indemnification payments.

The session is scheduled to get underway at 11:30 a.m. ET (a change from the typical starting time of 10 a.m.); it will be open via live webcast.

NCUA Board meeting agenda, Feb. 17, 2022